- Entry level
- No Education
- Salary to negotiate
- New York City
Job Location: United States : New York : New York
Role Value Proposition:
The Retirement & Income Solutions US Pension Pricing team is seeking an Actuarial Consultant to support its responsibilities and to assist in transforming its operating environment. Core responsibilities include pricing of pension risk transfer transactions and developing customized solutions for corporate clients. This position will work with Product Management, RIS Contracts, Valuation, ALM, Enterprise Risk Management, Retirement & Income Solutions CFO, and Investments on a regular basis. This position will also provide actuarial support for the team’s projects to enhance processes.
This will not be part of the Actuarial Development Program.
Perform Pension Risk Transfer annuity pricing. Responsibilities include review of defined benefit plan documents (or summary) and understand plan provisions; analyze participant level data; set actuarial assumptions within company guidelines; perform actuarial calculations and sensitivity analysis; and analyze profitability; review investment portfolios for appropriateness; review offer letters and contracts for consistency with pricing assumptions.
Develop pricing financial metrics and present reports to Management.
Provide actuarial support to internal partners (i.e. Implementation and Global Operations) on all pricing issues.
Collaborate with the Contract team to develop a comprehensive bid letter and term sheet for each case and contracts after the sale.
Perform post-sales pricing related functions, such as creating individual cost listing, analyzing price variance, handling amendment calculations, etc.
Make recommendations on refining current processes to enhance the quality of work and improve efficiency.
Complete special projects and act as a resource to internal partners on actuarial issues.
Supervisor Responsibilities: None.
Essential Business Experience and Technical Skills:
Minimum of 2 years of actuarial/financial experience.
Good computer skills (Excel, Access, Visual Basis, C++ or other programming languages).
Excellent analytical and spreadsheet skills.
Good communication skills.
High degree of business and financial acumen.
Bachelor's degree in finance, mathematics, statistics or actuarial science.
Some Actuarial Exams; CFA exams.
Experience with MoSes.
US Business; Retirement & Income Solutions
Number of Openings
At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.
MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
MetLife maintains a drug-free workplace.
For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.
Requisition #: 108694
About the company
The largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm was founded on March 24, 1868.