Actuarial Consultant

Description and Requirements
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
Benefits We Offer
Our benefits are designed to care for your holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer health care coverage for you and your family, insurance discounts for home, car, and pet protection, as well as parental leave. We also provide premium gym membership for you and your direct relatives, volunteer time off, discounts with specific universities, flexible Fridays, connectivity reimbursement, and much more!
About MetLife
Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies", 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!
At MetLife, we are committed to fostering diversity among employees, through non-discriminatory treatment for reasons of gender, gender expression, sexual orientation, religion, age, nationality, marital status, disability, physical or economic condition, HIV and embarrassment as a requirement for entry, permanence or ascension and there is equal employment opportunities.
#BI-Hybrid