Senior Actuarial Associate - ADP

Overview

We are seeking a
proactive, innovative, data-driven, creative thinker to join the Research & Development team within the Retirement and Income Solutions (RIS) segment  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).

Met Life’s US Actuarial Development Program (ADP) focuses on developing future leaders of Met Life 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 Met Life’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 Met Life’s growth targets via these initiatives.

• 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

• 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

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

Location Expectation:
This is a hybrid role requiring a minimum of 3 days per week in office.

The expected salary range for this position is $97,400 - $129,800. This role may also be eligible for annual short-term incentive compensation. 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 Met Life and 401(k) with employer matching, group discounts on voluntary insurance products including auto and…