Actuarial Consultant (Actuarial Services Team)

Description and Requirements

This position will be a member of the product’s actuarial services team responsible for multi-team support for all mathematical and other necessary functions. This position will assist in a variety of initiatives including special project pricing support, experience study support, and advanced complex business support calculations.

This will involve summarizing financial experience and current in-force data, and assisting with all testing initiatives and valuation team support.

This position includes functions necessary to obtain approvals from state insurance departments for LTC rate increase filings and for assisting in the implementation of these rate increases.

A reporting function is to organize and communicate all report requests and document specs and assist in the delivery of quality and timely reports.

This position works closely with the LTC finance team, Operations, and Valuation teams to produce quality reports, analytics, and metrics.

• Assist in the calculations of complex insured requests including complaint responses.
• Assist in all facets of our reporting functions which supports Operations and other teams.
• Assist in pricing initiatives and analyze sensitivities of special product modifications.
• Understand the issues related to implementation of the rate increases, as well as the applicability of increases to specific customers. Assist in the preparation of various communications about those issues.
• Assist with filing support and filing objections.
• Assist in all testing functions including administration system releases as well as rate increase testing.
• Assist to assemble necessary experience study information required to develop and submit actuarial assumptions for the LTC product.

Required:

• 3+ years’ experience in the insurance industry.
• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or related discipline.
• Ability to work accurately and efficiently with large amounts of data.
• Detail oriented with excellent time management, communication, and organizational skills.
• Demonstrates strong technical expertise.
• Basic knowledge of accounting concepts.
• Working knowledge of Excel and Access.
• Motivated team player who is results oriented.

Preferred:

• 3 actuarial exams are strongly desired; however, this is not a requirement for the position.
• Working knowledge of SQL.
• Excellent analytical and mathematical abilities.
• Strong verbal and written communication skills.
• Basic understanding of financial reporting for insurance companies.
• Demonstrates strong organizational and time-management skills.

The salary range for applicants for this position is $62,000-83,000.

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.

Additional benefits include 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", Fortune World’s 25 Best Workplaces™ for 2024, as well as the 2024 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!