- Entry level
- No Education
- Salary to negotiate
- New York City
Position: AVP and Valuation Actuary – Retirement Income Solutions (RIS)
Job Location: New York, NY
Department: The RIS business is one of the largest U.S. segments in MetLife, on both an existing assets and sales basis.
This leader will be responsible for valuation, liability projections and financial reporting for approximately $200+ billion US Payout Annuity business issued primarily by Retirement Income Solutions (RIS). The business includes a wide variety of products, including pension closeout annuities, structured settlements, GIC/Funding agreements, and separate account guaranteed products.
Accountable for actuarial reserves and other financial entries under Statutory, US GAAP and Tax accounting, loss recognition testing, and sources of earnings analysis.
Acts as advisor/consultant to Senior Management both within Actuarial and to CFO, Controllers and RIS and MetLife Holdings business areas on product profitability and emerging risk issues.
Oversees the activities of direct reports in pursuit of continuous improvement in the accuracy and effective use of data, the consistent application of assumptions, and the appropriate use of projection models and valuation systems in developing financial plans and performing reserve calculations.
Builds capacity by ensuring operational effectiveness in financial close and continuous improvement analytical services, in accordance with applicable professional standards and regulatory requirements.
Acts as a subject matter expert in areas related to regulatory and accounting guidance in a collaborative environment.
Reports to: VP & Lead Actuary – RIS
Direct reports/team: 2-3 and total team of 7-10 associates
Key Stakeholders: Chief Financial Officer organization, RIS Product Management Team, Controllers, Global Risk Management
Essential Business Experience and Technical Skills:
Bachelor's degree in mathematics, statistics, actuarial science or related field. FSA designation. 10+ yrs. related actuarial experience.
Valuation and Financial Reporting experience is of primary importance, followed by RIS Product experience.
Strong technical and analytical skills with attention to detail.
Focus on attentive listening and clear and concise verbal and written communications.
Global mindset with ability to influence others within a complex matrix reporting structure.
Motivates People – Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
Models our Values – Creates a culture that promotes the company’s values and standards through role modeling, accountability and ownership of decisions.
Focuses on Customers – Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
We are one of the largest institutional investors in the U.S. with more than $587.7 billion in combined managed assets as of September 31, 2018. We are ranked #43 on the Fortune 500 list for 2018. In 2018, we were named to the Dow Jones Sustainability Index (DJSI) for the third year in a row. DJSI is a global index to track the leading sustainability-driven companies.
Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life’s twists and turns. Visit us at www.metlife.com to learn more about our brand, history, and values.
MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and
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.