Director - Tax Actuary

Description and Requirements
The Opportunity
This position is primarily responsible for ensuring that the actuarial components of MetLife's federal tax computation are consistent with federal law and that MetLife products meet actuarial related tax requirements in order to maintain favorable tax treatment for MetLife . This position is also responsible for ensuring that valuation and pricing analyses associated with reinsurance, embedded value, cash flow testing and other projects appropriately reflect the impact of taxes from an actuarial perspective and tax accounting perspective. You will have the opportunity to work closely with different departments, including finance, legal, and actuarial, providing a holistic view of the company's operations and enhancing your professional growth.
Principal Responsibilities of Position:

• Ensure that the actuarial components of MetLife's US federal tax computation are consistent with federal tax law for both U.S. entities and foreign entities (where needed)

• Analyze actuarial aspects of current and newly issued tax law, regulations and rulings

• Develop and implement approaches to ensure laws and regulations are reflecting in the actuarial components including reserves, DAC tax, and reinsurance elements, including both Life and P&C.

• Support IRS audits of federal tax returns.

• Liaise with MetLife's internal and external auditors.

• Provide support for preparing and reviewing actuarial elements for inclusion in the Company's tax return and financial statements.

• Ensure that proposed products, or product enhancements, meet actuarial related tax requirements in order to maintain favorable tax treatment for MetLife e.g., efficient tax reserves. Requires close working relationship with the tax section of the Legal Department as well as the line of business actuaries.

• Ensure that reinsurance valuation and pricing analyses appropriately reflect the impact of taxes from an actuarial perspective and tax accounting perspective. This includes responsibility for developing accurate models for tax costs associated with actuarial reserves and the DAC tax, as well as assessing the financial impact of various transaction/reinsurance structures.

• Submissions for US Tax Returns related to actuarial changes

• Submissions for GAAP and STAT reporting

• Submissions for STAT projections

• Submissions for Embedded Value

• Submissions for Cash flow testing

• Support actuarial related tax aspects of various projects:

What You Need to Succeed (Required Qualifications)

• Minimum 8 years actuarial experience.

• ASA required (FSA preferred) with a varied actuarial experience.

• Experience with reinsurance.

• Broad actuarial experience with financial reporting, financial projections, reserves, pricing and product development.

• Collaborative approach to work; a team player. Work with teams within tax and within finance.

• Very strong oral and written communications skills; ability to communicate actuarial related tax concepts to clients with various backgrounds and knowledge levels.

• Strong organizational and time management skills; a self-starter.

• Comfortable with assignments involving independent research.

• Prior exposure to corporate or policyholder tax work is a plus, even if not in the tax department (such as on pricing modeling)

• Developing, mentoring and training of staff.

What Can Give You an Edge (Additional Skills)

• Knowledge of NAIC Stat Accounting concepts or ability to learn as a job requirement

• Desire and ability to learn US tax concepts

• Desire and ability to learn US reporting concepts

• Desire and ability to learn about product offerings across MetLife.

• Desire to be involved in various reinsurance & M&A transactions from a tax perspective

The salary range for applicants for this position is $123,800-$165,000.
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", 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.
$123,800-$165,000
#BI-Hybrid