Actuary, Annuity Reinsurance
MetLife
Role Value Proposition:
This role will play an integral role in the Annuity Reinsurance team within Retirement Income Solutions (RIS). The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of products, including pension risk transfer products, UK Reinsurance, GIC/Funding agreements, Stable Value products, Structured Settlements, Institutional Income Annuities and PRB & SBR Products.
The successful candidate will report to the Director of Annuity Reinsurance and support pricing, onboarding, and inforce management for the Annuity Reinsurance products. This is a visible role to senior leaders within the RIS Leadership Team and other business & corporate functions, allowing opportunities to drive results. This position also interacts closely with the RIS business and functional partners, including Operations/Administration, Actuarial, Investments, IT, Legal, Compliance, Risk, and Finance.
Key Responsibilities
* Develop pricing quotes for Annuity Reinsurance transactions.
* Identify opportunities to reduce risk and improve pricing Annuity Reinsurance products.
* Conduct financial modeling of liability cashflow, reserve, capital projection, & risk sensitivities.
* Collaborate with Annuity Reinsurance Operations and Administration team to support on-boarding transactions to the administration and analytics platform used for operations calculations and reconciliations.
* Coordinate with key partners to support in-force management, such as but not limited to in-force metrics, financial metrics, collateral management, and settlement calculations.
* Partner closely with business lead, R&D, investments, finance, risk, legal, and other corporate functions to structure deals to optimize profitable opportunities for MetLife
* Lead by example to reinforce a culture of listening, accountability, collaboration, and transparency, creating an inclusive and diverse environment where all voices are encouraged.
Essential Business Experience and Technical Skills:
Required:
* Bachelor’s degree in Finance, Actuarial Science, Mathematics, Economics, or related discipline
* FSA or ASA required, with 5+ years of insurance and/or reinsurance industry experience
* Strong analytical, financial modeling, and problem-solving skills
* Attention to detail and accuracy
* Strong Excel and VBA skillset
Preferred:
* Prior experience in pricing or valuation of group annuities or individual annuities is a plus
* Thorough understanding of annuity products and reinsurance, or ability to quickly learn
* Experience with Alteryx
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
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