Description
Role Value Proposition:
This role will play an integral role in the Annuity Reinsurance team within Retirement Income Solutions (RIS). The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of products, including pension risk transfer products, UK Reinsurance, GIC/Funding agreements, Stable Value products, Structured Settlements, Institutional Income Annuities and PRB & SBR Products.
The successful candidate will report to the Director of Annuity Reinsurance and support pricing, onboarding, and inforce management for the Annuity Reinsurance products. This is a visible role to senior leaders within the RIS Leadership Team and other business & corporate functions, allowing opportunities to drive results. This position also interacts closely with the RIS business and functional partners, including Operations/Administration, Actuarial, Investments, IT, Legal, Compliance, Risk, and Finance.
Key Responsibilities:
- Develop pricing quotes for Annuity Reinsurance transactions.
- Identify opportunities to reduce risk and improve pricing Annuity Reinsurance products.
- Conduct financial modeling of liability cashflow, reserve, capital projection, & risk sensitivities.
- Collaborate with Annuity Reinsurance Operations and Administration team to support on-boarding transactions to the administration and analytics platform used for operations calculations and reconciliations.
- Coordinate with key partners to support in-force management, such as but not limited to in-force metrics, financial metrics, collateral management, and settlement calculations.
- Partner closely with business lead, R&D, investments, finance, risk, legal, and other corporate functions to structure deals to optimize profitable opportunities for MetLife
- Lead by example to reinforce a culture of listening, accountability, collaboration, and transparency, creating an inclusive and diverse environment where all voices are encouraged.
Requirements
Essential Business Experience and Technical Skills:
Required:
Bachelor’s degree in Finance, Actuarial Science, Mathematics, Economics, or related discipline
FSA or ASA required, with 5+ years of insurance and/or reinsurance industry experience
Strong analytical, financial modeling, and problem-solving skills
Attention to detail and accuracy
Strong Excel and VBA skillset
Preferred:
Prior experience in pricing or valuation of group annuities or individual annuities is a plus
Thorough understanding of annuity products and reinsurance, or ability to quickly learn
Experience with Alteryx
