MetLife
Role Value Proposition:
This actuarial position will play an integral role on the Risk Solutions pricing team within Retirement Income Solutions (RIS). The Risk Solutions business has a wide variety of products, including UK Reinsurance, Specialized Benefit Resources, and Post Retirement Benefits.
The successful candidate will report to the VP Risk Solutions Pricing lead and support the quantitative analysis in underwriting, pricing, and closing in alignment with MetLife’s enterprise strategy. This is a visible role to senior leaders within the RIS Leadership Team and other business & corporate functions, allowing opportunities to influence management decisions and drive results. This role will lead the pricing across the UK Reinsurance product, focusing on underwriting and pricing longevity and funded reinsurance transactions. The role will work closely with all RIS business and functional partners, including actuarial, investments, operations, legal, risk and finance. The candidate will help create value to RIS through new business pricing with their skillset to evaluate and price risk with appropriate returns. There is the potential for this candidate to use their leadership skillset to guide and manage a small team of actuaries.
Key Responsibilities:
Underwriting including using a predictive mortality model and deal specific mortality experience analysis
Presentations and discussions with key stakeholders to agree on mortality assumptions
Financial modeling of liability cashflow, reserve, asset return, capital projection, and risk sensitivities
Analysis of pricing metrics including return on investment, value of new business, and capital deployed
Support the pricing strategy and collaborate with business leaders at pricing governance meetings
Potential to lead a small team of actuaries within new business underwriting and pricing for UK Reinsurance
Interact with external clients through discussions on active and potential future transactions
Partner closely with business lead, R&D team, investments, finance, risk, legal, and other corporate functions to structure deals to optimize profitable opportunities for MetLife
Essential Business Experience and Technical Skills: Required: Strong presentation and written communication skills
Analytical, financial modeling and problem-solving skills
Leadership qualities to potentially guide and manage a small team
Ability to operate effectively in a highly-matrixed environment
7+ years of experience in insurance and or reinsurance
Fellow of the Society of Actuaries
Bachelor’s degree in actuarial science, math, statistics, economics, or related discipline
Preferred: Experience pricing for group annuity risks and with case specific mortality underwriting
Experience using Prophet
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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Presentations and discussions with key stakeholders to agree on mortality assumptions
Financial modeling of liability cashflow, reserve, asset return, capital projection, and risk sensitivities
Analysis of pricing metrics including return on investment, value of new business, and capital deployed
Support the pricing strategy and collaborate with business leaders at pricing governance meetings
Potential to lead a small team of actuaries within new business underwriting and pricing for UK Reinsurance
Interact with external clients through discussions on active and potential future transactions
Partner closely with business lead, R&D team, investments, finance, risk, legal, and other corporate functions to structure deals to optimize profitable opportunities for MetLife
Essential Business Experience and Technical Skills: Required: Strong presentation and written communication skills
Analytical, financial modeling and problem-solving skills
Leadership qualities to potentially guide and manage a small team
Ability to operate effectively in a highly-matrixed environment
7+ years of experience in insurance and or reinsurance
Fellow of the Society of Actuaries
Bachelor’s degree in actuarial science, math, statistics, economics, or related discipline
Preferred: Experience pricing for group annuity risks and with case specific mortality underwriting
Experience using Prophet
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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