New York, NY, 10176, USA
1 day ago
Actuary, Annuity Reinsurance
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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