- Posting Location: Whippany, New Jersey
Description and Requirements
MetLife Insurance Investments (MII) manages MetLife’s investment portfolio, developing risk-managed strategies across global markets and asset classes to support business goals, match insurance liabilities, and ensure risk and return alignment. MII's work is integral to MetLife’s legacy, driving returns and long-term stability through meticulous investment and strategic planning. Our asset portfolio represents over a century of disciplined investment experience and foresight. With us, you will design investment solutions and uncover opportunities that drive returns and long-term stability in collaboration with a team of industry leaders. Join us and leave a lasting impact.
The Associate Director role is part of the MetLife Insurance Investments (MII) team and is responsible for in-force portfolio management and developing investment strategy to MetLife line of business partners. The Associate Director will focus primarily on Insurance entities backing Life, Annuity, Long-Term Care (LTC) and Surplus for both in-force portfolio management, ALM investment strategy and value maximization strategies including the use of reinsurance.
- Provide oversight of our Investment portfolios, mostly domiciled in United States (US)
- Partner with counterparts in the business, Reinsurance and Global Risk Management to develop optimal asset allocation and investment strategy
- Partner with MetLife Investment Management (MIM) to identify attractive investment opportunities in support of pricing / investment strategy
- Present investment strategy, sensitivities, and scenario analysis to MII partners and management, including Global Risk Management, Finance, and line of business representatives
- Monitor and thoroughly understand income and margin projections, margin exposures, profitability trends, and propose mitigating solutions
- Monitor and oversee investment performance and key risk / return metrics on an actual vs. expected basis
- Contribute to the oversight and management of in-force investment portfolios
- Support the MII Investment and business teams on strategic projects aimed at increasing portfolio profitability and/or mitigating portfolio risks
- Using quantitative tools such as Blackrock Aladdin and Bloomberg, evaluate cash flow, key rate duration, and ALM profiles of investment portfolios
- Identify opportunities to manage risk and increase return, reduce derivatives portfolio complexity, and manage portfolio exposures
- As needed, propose new duration targets / duration frameworks for investment portfolios based on input from actuarial and other partners
- Based on quantitative analysis, propose and oversee progress of any strategic shifts in asset allocation
- Participate in Annual Plan process, including providing guidance on potential attractive asset needs in support of new business pricing
- Present and obtain approval through ALM governance process (ALM Working Groups, ALM Committees, etc.) of shifts in new business investment / pricing strategy
- Lead development of and/or present investment-related presentation materials to business partners
- Partner with corporate partners on strategic initiatives including the use of third party reinsurance transactions
- Strong quantitative skills and knowledge of Microsoft Excel
- Experience using BlackRock/ Aladdin and Bloomberg systems
- Investment and Asset-liability management experience
- Strong interpersonal skills and ability to build partnerships and work in a team environment
- Excellent communication and prioritization skills
- Ability to multi-task in a fast paced, less structured environment
- Bachelor’s degree required.
- MBA or CFA preferred
- Bachelor’s degree preferred in Economics, Finance, Accounting, Math, or related field
- 10 years of work experience at an insurance company or in financial services industry
The expected salary range for this position is $134,600 - $179,500. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
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, paid time off, paid holidays, volunteer time off, tuition assistance and much more!
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™, as well as the 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 our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible. Join us!
MetLife maintains a drug-free workplace.