The Senior Actuarial Associate will join the R&D team, focusing on innovative product development and strategies in the insurance sector, particularly in reinsurance and financial modeling.
Description and Requirements
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)
What You Need to Succeed (Required Qualifications)
What Can Give You an Edge (Additional Skills)
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.
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 "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 is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
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.
$97,400 - $129,800
#BI-Hybrid
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)
- Buildpricing models & early product assessments for new RIS growth markets, with a particular focus on longevity reinsurance, funded reinsurance, and retail annuity reinsurance
- Developfinancial 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
- Collaboratewith 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
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
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.
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 "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 is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
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.
$97,400 - $129,800
#BI-Hybrid
Top Skills
Actuarial Science
Data Analysis
Financial Modeling
MetLife New York, New York, USA Office
MetLife New York City, NY Office
200 Park Ave, New York, NY, United States, 10166
MetLife Bridgewater, New Jersey, USA Office
MetLife Bridgewater, NJ Office
501 Route 22, Bridgewater, NJ, United States, 08807
MetLife Whippany, New Jersey, USA Office
MetLife Whippany, NJ Office
One MetLife Way, Whippany, NJ, United States, 07981
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