Associate Actuary - RIS R&D Strategy

Overview

We are seeking a proactive, innovative, data-driven, creative thinker who thrives in a dynamic environment and connects the dots across complex business processes. This position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). Key projects may include developing new pricing models for new product development initiatives, working on capital management related initiatives, and analyzing various reinsurance strategies.

The role provides an opportunity to drive and execute these initiatives independently by working closely with various teams (including but not limited to reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations). This is a highly visible role within the organization and can provide an excellent opportunity for career and knowledge growth while driving significant shareholder value.

New product development - Build pricing models & early product assessments for new RIS growth markets, with a particular focus on longevity reinsurance, funded reinsurance, and retail annuity reinsurance

Reinsurance strategy - Build financial models to help analyze different reinsurance strategies for RIS products utilizing affiliate and third-party reinsurance vehicles

New & emerging regulatory frameworks - Analyze and assist in developing strategy for implementation of new regulatory frameworks (ex. Principle-based reserving (P )) for RIS products;
Analyze current ALM, reinsurance and pricing strategies under new regulatory frameworks and partner with relevant teams to implement new frameworks into pricing models

Stakeholder collaboration - Collaborate with Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other relevant business functions to ensure timely completion of key initiatives;
Conduct financial modeling and pricing analysis for the reinsurance and product development 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 operate effectively in a matrixed environment

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

If you need an accommodation due to a disability, please email us at  This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

Met Life maintains a drug-free workplace.