Associate Actuary - Structured Settlements

Description and Requirements
The Team You Will Join
This position will be key member of the Annuities line of business of Retirement Income Solutions (RIS). Retirement and Income Solutions (RIS) provides guaranteed income to individuals in a predictable and low risk way and helps companies reduce their risk and remain financially strong. The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of risk solutions, investment and annuity-type products, including US Pensions, Structured Settlements and institutional income annuities which make up the Annuities business.
The Opportunity
The successful candidate will provide actuarial, pricing and technical support to the Annuity business teams, evaluate risk, and ensure profitable growth. This role will support all three businesses, with the Structured Settlement business as the primary area of focus. This position interacts closely with all areas of RIS, including Product, Sales, Contract, Operations, as well as with enterprise stakeholders such as Finance, Actuarial, Risk, Investments, and Legal.
How You'll Help Us Build a Confident Future (Key Responsibilities)

• Pricing and profitability analysis of individual cases and ratebooks, which involves financial modeling of liability cash flows, reserves, and capital, providing pricing recommendations, model review, and performing sensitivities.
• Partner with business leads and provide guidance to optimize sales and financial metrics
• Analyze experience for pricing assumptions and monitor on-going sales; suggest, challenge, and implement updates
• Clearly and concisely communicate pricing & calculation results to business and pricing leadership, in both written and oral fashion

• Proper documentation of all work and models, including assumptions, processes, methodology and results; model validation and review
• Produce standardized reporting and metrics for new sales and inforce on a monthly & quarterly basis, including Value of New Business
• Identify and implement process and documentation improvements, automation, and optimization for both actuarial & non-actuarial activities

What You Need to Succeed (Required Qualifications)

• Bachelor's degree in mathematics, statistics or actuarial science or related discipline
• 5+ years actuarial experience, including at least 2 years with Annuity and/or Pricing experience
• ASA/Pre FSA designation of Society of Actuaries
• Strong quantitative and communication skills. Able to concisely present orally and in presentations.
• Strategic and analytical thinker with ability to focus on details. Able to quickly spot issues and develop a recommended approach.
• Self-starter with ability to effectively manage and supervise multiple projects and priorities simultaneously
• Strong programming skills, especially with Microsoft Excel, Visual Basic, and working knowledge of SQL
• Excellent analytical and spreadsheet skills

The salary range for applicants for this position is $93,600 - $124,800.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies" as well as the 2024 Fortune 100 Best Companies to Work For ®, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [email protected]. 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.
$93,600 - $124,800
#BI-Hybrid