Director, Strategic Pricing Actuary

Description and Requirements
Role Value Proposition:
MetLife actuaries aspire to be trusted advisors in the insurance industry by using their expertise to design and price insurance policies, manage financial risks, and make informed decisions about managing risk and uncertainty. The Retirement & Income Solutions (RIS) Annuity business is seeking a Senior Actuary, a key and highly visible leadership role within the US Pension Risk Transfer (PRT) Pricing team. Reporting to the Vice President, Annuity Pricing, this role will provide actuarial and technical expertise & thought leadership for pension risk transfer transactions and other key strategic & product development initiatives in the Pensions business. This position will also lead and mentor actuarial associates within the team.
Key Responsibilities:

• Thought leadership & assumption development, including spectrum of behavioral assumptions, for PRT transactions based on company, case, and industry data
• Perform, manage, and lead PRT case level pricing end to end incl. review of plan documents; analyze participant & case data; recommend assumptions; perform calculations and sensitivity analysis; analyze profitability; review investment portfolios; thorough review offer letters and contracts for consistency with pricing assumptions
• Proactively coordinating with stakeholders on case-level specifics and ad-hoc pricing needs; recommending and developing pricing strategies and methodologies, including non-standard situations; gaining approval for assumptions; presenting pricing results out to executive leadership
• Enhance the cash flow and profitability models & lead special projects related to new strategic initiatives within the PRT business
• Mentoring & reviewing work of actuarial associates and students
• Oversee and/or perform post-sales pricing related functions, such as analyzing price variance and handling amendment calculations
• Provide actuarial leadership and support to internal partners (i.e. Implementation & Global Operations) on all pricing issues
• Make recommendations on and oversee implementation of refining current processes to enhance the quality of work & improve efficiency

Essential Business Experience and Technical Skills:
Required:

• Bachelor's degree in mathematics, statistics or actuarial science or related discipline
• 8+ years actuarial experience, including at least 2 years in the Pensions space
• ASA with Society of Actuaries required
• Proven experience managing, training, mentoring, and developing actuarial students
• Strong quantitative and communication skills. Able to concisely present orally and in presentations.
• Strategic and analytical thinker with ability to focus on details, issue spot and make recommendations.
• Self-starter with ability to effectively manage and supervise multiple projects and priorities simultaneously
• Excellent analytical and spreadsheet skills

Preferred:
• FSA strongly preferred
• Broad knowledge of buy-in, buy-out, qualified and non-qualified pension products, defined contribution and defined benefit pension plans, competitive trends, and U.S. regulatory environment for retirement annuities
The salary range for applicants for this position is $134,300 - $179,000.
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.
$134,300 - $179,000
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