Role Value Proposition:  

MetLife is an industry leader in the United States Pension Risk Transfer space, and the United States Pension Pricing team is seeking an Actuarial Consultant to support its responsibilities and to assist in transforming its strategy and operating environment.  Core responsibilities include pricing of pension risk transfer transactions and developing customized solutions for corporate clients.  This position will work with Product Management, Contracts, Valuation, ALM, Global Risk Management, Finance, and Investments on a regular basis.  This position will also provide actuarial support for the team’s projects to enhance processes.

Key Responsibilities:  

·         Perform Pension Risk Transfer annuity pricing. Responsibilities include review of defined benefit plan documents (or summary) and understand plan provisions; analyze participant level data; set actuarial assumptions within company guidelines; perform actuarial calculations and sensitivity analysis; and analyze profitability; review investment portfolios for appropriateness; review offer letters and contracts for consistency with pricing assumptions.

·         Develop pricing financial metrics and present reports to Management

·         Provide actuarial support to internal partners (i.e. Implementation and Global Operations) on all 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 listing, analyzing price variance, handling amendment calculations, etc. 

·         Make recommendations on refining current processes to enhance the quality of work and improve efficiency.

·         Complete special projects and act as a resource to internal partners on actuarial issues.

Essential Business Experience and Technical Skills: 

Required: 

·         Minimum of 5 years of actuarial experience

·         ASA/Pre FSA designation on Society of Actuaries, or equivalent 

·         Good computer skills (Excel, Access, Visual Basis, 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.

• Fluent in English language communication

Preferred:

·         Experience with Prophet