Description and Requirements
Role Value Proposition:
Reporting to the Vice President, RIS R&D & Strategy, this position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). The role focuses largely on pricing support for RIS growth efforts covering new product development, market-entry for new markets, and development of innovative capital solutions.
The successful candidate will independently execute RIS growth initiatives. The role will work closely with corporate functional partners, including reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations, and will be highly visible within the organization.
Key Responsibilities:
- Pricing feasibility assessment for new RIS growth markets, with a particular focus on retail annuity reinsurance, including MYGA, FIA, and RILA
- Pricing model development for new RIS growth markets
- Contribute to the efforts to improve capital efficiency and enhance the business value for RIS
- Collaborate with Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other business functions
- Communicate results to business partners and senior management
Essential Business Experience and Technical Skills:
Required:
- Bachelor's degree in actuarial science, math, statistics, economics, or related discipline
- FSA, ASA or CFA with 5+ years of insurance industry experience with comprehensive business knowledge
- Strong financial modeling, analytical, and problem-solving skills
- Good presentation and written communication skill
- Good knowledge in reinsurance and capital framework
- Ability to operate effectively in a highly matrixed environment
Preferred:
- Prior experience in ALM or Reinsurance is a plus
- Prior experience in pricing or valuation of MYGA, FIA, or RILA is a plus
- Strong knowledge in Retirement products
- Strong knowledge in reinsurance and capital framework
- Strong knowledge or ability to quickly learn, MetLife's processes and systems
- Good understanding of income statement and balance sheet
The salary range for applicants for this position is $137,000 - $182,600.
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", Fortune World's 25 Best Workplaces™ for 2024, 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.
$137,000 - $182,600
#BI-Hybrid
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What We Do
Named one of Fortune’s “World’s Most Admired Companies,” MetLife is leading the global transformation of an industry we’ve defined for more than 150 years. At MetLife, every innovation and line of code is a lifeline for our customers and their families—from victims of natural disasters to people living with disabilities and beyond. With operations in more than 40 markets and leading positions across the globe, MetLife’s building a workforce of diverse and empowered voices that all belong. Join our remarkable journey—one in which you help write the next century of innovation in financial services—because with MetLife, making the world a better place is All Together Possible.
Why Work With Us
At MetLife, you’ll be working for a company whose purpose is to help customers throughout their life’s journey, and often in their most critical time of need. You’ll be a part of developing leading-edge platforms that will have a lasting impact on the lives and well-being of tens of millions of customers.
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Employees engage in a combination of remote and on-site work.
MetLife's current workplace policies classify roles as Office, Hybrid or Virtual based on the nature of work, encouraging new ways of working together