Actuarial Associate

Location:

• New York, New York
• Country: United States

Working Schedule: Full-Time

Work Arrangement: Hybrid

Travel Required: 10%

Relocation Assistance Available: No

Posted Date: 12-Mar-2025

Job ID: 7316

Description and Requirements

Role Value Proposition:

MetLife actuaries aspire to be trusted advisors in the insurance industry by using their expertise to design and price insurance policies, manage financial risks, and make informed decisions about managing risk and uncertainty.

The Retirement & Income Solutions (RIS) Annuity business is seeking an Actuarial Associate within the US Pension Risk Transfer (PRT) Pricing team. Reporting to the Director, Annuity Pricing, this role will provide actuarial and technical expertise for pension risk transfer transactions and other key strategic and product development initiatives in the Pensions business.

Key Responsibilities:

• Perform PRT case level pricing end to end including review of plan documents; analyze participant and case data; develop and assess assumptions; perform calculations and sensitivity analysis; thoroughly review offer letters and contracts for consistency with pricing assumptions.
• Provide support for assumption development, including a spectrum of behavioral assumptions, for PRT transactions based on company, case, and industry data.
• Implement enhancements to the pricing models and support special projects related to new strategic initiatives within the PRT business.
• Provide actuarial support to internal partners on pricing issues.
• Collaborate with the Contract team to develop a comprehensive bid letter and term sheet for each case and contracts after the sale.
• Perform post-sales pricing related functions, such as creating individual cost listings, analyzing price variance, handling amendment calculations, etc.
• Provide support to refine current processes to enhance the quality of work and improve efficiency.

Essential Business Experience and Technical Skills:

Required:

• Minimum of 3 years of actuarial experience.
• Passed at least three SOA Actuarial Exams.
• Good computer skills (Excel, Access, Visual Basic, C++ or other programming languages).
• Excellent analytical and spreadsheet skills.
• Good communication skills.
• High degree of business and financial acumen.
• Bachelor's degree in mathematics, statistics or actuarial science.

Preferred:

• Experience with Prophet.

The salary range for applicants for this position is $79,200 - $105,600.

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 2024 "World's Most Admired Companies" and Fortune World’s 25 Best Workplaces™ for 2024, 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. Join us!

MetLife is an Equal Opportunity Employer. All employment decisions are made without regard 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, uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law.

If you need an accommodation due to a disability, please let us know. 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.