MetLife

The Team You Will Join 

We are seeking a proactive, innovative, data-driven, creative thinker to join the Research & Development team within the Retirement and Income Solutions (RIS) segment at MetLife. The R&D team plays a key role to accelerate profitable business growth and optimize shareholder value across RIS. Key projects include new product development initiatives, analysis of various reinsurance strategies, capital management solutions, and implementation of changing regulatory frameworks. This team relies on cross-functional collaboration to execute these initiatives by working closely with various teams (including but not limited to reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations).

The Opportunity 

MetLife’s US Actuarial Development Program (ADP) focuses on developing future leaders of MetLife who will create innovative business solutions based on actuarial principles and contribute to the success of the company. As part of the professional development process, participants (known as “actuarial students”) are expected to rotate to new actuarial assignments approximately every two years within core areas of MetLife’s businesses. Work experience gained will enable participants to become well-rounded actuaries and knowledgeable in several areas of actuarial practice. Such areas of practice may include product development, pricing, valuation, actuarial modeling, risk management, asset liability management, finance, investments, underwriting, emerging actuarial issues, technology, data analysis, and auditing.

This role on the R&D team is highly visible within the organization and can provide an excellent opportunity for career and knowledge growth while driving significant shareholder value. Success in this role will be driven by strong adaptability and creative approaches to problem solving. The RIS segment is targeting growth in several different markets, particularly retail annuity reinsurance. This role will have the ability to directly contribute to achieving MetLife’s growth targets via these initiatives.

How You’ll Help Us Build a Confident Future (Key Responsibilities)

• Build pricing models & early product assessments for new RIS growth markets, with a particular focus on longevity reinsurance, funded reinsurance, and retail annuity reinsurance
• Develop financial models to help analyze different reinsurance strategies for RIS products utilizing affiliate and third-party reinsurance vehicles
• Analyze and assist in developing strategy for implementation of new regulatory frameworks for RIS products
• Collaborate with Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other relevant business functions to ensure timely completion of key initiatives

What You Need to Succeed (Required Qualifications)

• Bachelor's degree in actuarial science, math, statistics, economics, or related discipline
• ASA (or near ASA) designation from the Society of Actuaries
• 4+ years of insurance industry experience
• Strong financial modeling, analytical, and problem-solving skills
• Ability to connect the dots across complex business processes

·         Operates effectively in a dynamic, evolving environment

 What Can Give You an Edge (Additional Skills)

• Prior experience in innovation or launch of new products or markets
• Experience in institutional products
• Functional experience in R&D, Reinsurance or Pricing