Job description

Requirements

  • Entry level
  • No Education
  • Salary to negotiate
  • New York City

Description

Job Location: United States New York New York 
 
Role Value Proposition: 
The Retirement & Income Solutions US Pension Pricing team is seeking an ASA-level actuarial student 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.
    
Key Responsibilities: 
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. May provide guidance to junior staff members or function as a project leader.

Essential Business Experience and Technical Skills:
Bachelor's degree in mathematics, statistics or actuarial science.
Committed to completing the Society of Actuaries' education system courses necessary to attain FSA designation.
Obtained ASA designation except, possibly, attendance at the Associateship Professional Course.
Excellent analytical and spreadsheet skills.
Strong interpersonal and communication skills, leadership qualities and management potential.
High degree of business and financial acumen.
Ability and desire to assume increasing job responsibilities.
Good computer skills (Excel, Access, Visual Basis, C++ or other programming languages).
Good communication skills.
2+ yrs. related actuarial business experience.
Experience with MoSes preferred.

PRGADP
 
 
 
 
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 #: 107826 

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.

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