Director & Actuary (MetLife Resources)

Location(s):

• New York, New York
• Bridgewater, New Jersey
• Charlotte, North Carolina

Country: United States

Working Schedule: Full-Time

Work Arrangement: Hybrid

Travel Required: 10%

Relocation Assistance Available: No

Posted Date: 14-Apr-2025

Job ID: 7660

Description and Requirements

Role Value Proposition:

This strategic actuarial position will play an integral role on the MetLife Resources (MLR) leadership within Retirement Income Solutions (RIS). The MLR business provides group defined contribution retirement plan products and services in various industries. The scope of the business is ~$13B in assets under administration, $70M in pre-tax earnings, ~13K employer groups, and ~280K participants.

The successful candidate will report to the VP & GM of MetLife holdings and be a member of the MLR leadership team. Demonstrating a commercial mindset and ability to prioritize and deliver results for impact, this role will be the group annuity product strategy and implementation owner for MLR. This is a visible role to senior leaders within the RIS Leadership Team and other business & corporate functions, allowing opportunities to influence management decisions and drive results.

This role will lead the product and pricing strategy for the group defined contribution retirement plan business, which includes leading renewal and RFP pricing and product development and analysis. The role will work closely with all RIS business and functional partners, including actuarial, investments, operations, legal, risk, and finance.

The candidate will also help create value to RIS through renewal and retention business pricing with their skillset to evaluate and price risk with appropriate returns and all economic drivers. This candidate will also develop and maintain mutual fund strategy and fund line-ups, exploring cross-sell opportunities within MetLife’s portfolio of tangential businesses.

There is the potential for this candidate to use their leadership skillset in the immediate term to coach regional management teams through client interactions and medium- to long-term guide and manage a small team of technical individuals (i.e., data analysis) or actuaries.

Key Responsibilities:

• Provides product positioning and coaching to regional management teams.
• Leads renewal and RFP pricing for existing products clients, as well as leads development and implementation of new products.
• Develops and maintains mutual fund strategy and fund line-up, explores and defines new cross-sell opportunities at MetLife.
• Completes division’s underwriting, including using a predictive mortality model and product-specific mortality experience analysis.
• Reviews and certifies all product and pricing assumptions and documentation.
• Prepares presentations and discussions with key stakeholders to agree on mortality assumptions.
• Financial modeling of liability cashflow, reserve, asset return, capital projection, and risk sensitivities.
• Analysis of pricing metrics including return on investment, value of new business, and capital deployed.
• Owns the pricing strategy and facilitates collaboration with business leaders at pricing governance meetings.
• Potential to lead a small team of technical colleagues and/or actuaries on data analysis or strategic initiatives as needed.
• Interacts with external clients through discussions on active and potential future initiatives.
• Partners closely with business lead, R&D team, investments, finance, risk, legal, and other corporate functions to structure deals to optimize profitable opportunities for MetLife.

Essential Business Experience and Technical Skills:

Required:

• Strong presentation and written communication skills.
• Analytical, financial modeling, and problem-solving skills, attention to detail.
• Leadership qualities to coach colleagues and field force, potential to manage and professionally develop a small team.
• Ability to operate and deliver effectively in a highly-matrixed environment.
• Ability to analyze data and make accurate and informed decisions.
• 7+ years of experience in insurance and/or reinsurance, particularly group annuities.
• Strong knowledge of annuity products, regulatory requirements, and industry best practices, particularly in 403(b), 457, and 401(k) markets.
• Fellow of the Society of Actuaries.
• Bachelor’s degree in actuarial science, math, statistics, economics, or related discipline.
• Proven track record of driving operational efficiency and process improvements.

Preferred:

• Experience pricing for group annuities in 403(b) and 457 tax markets, and with case-specific mortality underwriting.
• Experience using Prophet and other technical actuarial programs.
• Experience in Alteryx, Power BI Dashboards, and other data analytics tools.

The salary range for applicants for this position is $145,000 - $180,000 + Annual Bonus.

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 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.