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MetLife

Director & Actuary, Risk Solutions Pricing

MetLife, New York, New York, us, 10261

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Role Value Proposition: This actuar 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 Specialized Benefit Resources, Post Retirement Benefits, and UK Reinsurance.

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 for 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 Specialized Benefit Resources and Post Retirement Benefits products, focusing on pricing COLI, BOLI, and Retiree Life buyout 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. The candidate will use their leadership skillset to guide and manage a small team of actuaries.

Key Responsibilities:

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

Manage multiple transactions at once and communicate expectations clearly with internal stakeholders

Lead a team of actuaries and utilize their skillsets effectively to meet client timelines

Enhance pricing models to create efficiencies within the pricing tools and process

Underwriting, including using a predictive mortality model and deal specific mortality experience analysis

Presentations and discussions with key stakeholders to agree on mortality assumptions

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 guide and manage a team of actuaries

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 COLI, BOLI, or other long term group life policies

Experience underwriting group mortality risk

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