Description and Requirements
Duties: Develop benchmarking models to challenge models in use across the Enterprise, including models using such advanced techniques as machine learning, derivative pricing and other complex models. Identify alternative mathematical approaches and implementations to enhance performance and efficiency of existing models. Assess the mathematical, statistical and conceptual soundness of each model, challenging model assumptions, inputs, methodologies and outputs. Improve the oversight of models both quantitively and qualitatively, draft reports that address results of performed review and testing and provide remediations. Coordinate the projects and communication of the outcome to senior management. Manage and mentor other associates.
Requirements: Bachelor's degree in Actuarial Science, Mathematics or Statistics (willing to accept foreign education equivalent) plus six (6) years of actuarial experience performing pricing, valuation and model validation. Specific skills/other requirements (quantitative experience requirement not applicable to this section) -- must possess the following: Assessing the mathematical, statistical and conceptual soundness of models in actuarial platforms, using Excel, ACCESS, PolySystems and Prophet; programming in SQL, R and Python to enhance performance and efficiency of existing models; and developing benchmarking models using machine learning technique. Associate of the Society of Actuaries (ASA) certificate. Hybrid - 3 days in office/2 days remote.
At MetLife, we're leading the global transformation of an industry we've long defined. United in purpose, diverse in perspective, we're dedicated to making a difference in the lives of our customers.
The wage range for applicants for this position is $156,750 to $206,300. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.
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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 2023 "World's Most Admired Companies" as well as the 2023 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.
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