Description and Requirements
Role Value Proposition:
MetLife's US Actuarial Development Program (ADP) focuses on developing future leaders of MetLife who will create innovative business solutions based on actuarial principles and contribute to the success of the company. As part of the professional development process, participants (known as "actuarial students") are expected to rotate to new actuarial assignments approximately every two years within core areas of MetLife's businesses. Work experience gained will enable participants to become well-rounded actuaries and knowledgeable in several areas of actuarial practice. Such areas of practice may include product development, pricing, valuation, actuarial modeling, risk management, asset liability management, finance, investments, underwriting, emerging actuarial issues, technology, data analysis, and auditing.
Candidate will join the payout annuity valuation team jointly responsible for the valuation, analysis, and reporting of over $100 billion in reserves. Responsibilities include preparation of monthly financial reporting and disclosures, maintenance of manual actuarial models, and testing of IT system enhancements. Projects include new product implementation, business process reengineering and legacy technology modernization, including Artificial Intelligence.
Key Responsibilities:
- Responsible for calculations, data analysis, and risk evaluations that are actuarial in nature.
- Responsible for initiating, organizing, and coordinating data and making recommendations to team members based on research.
- Prepare for and take challenging actuarial exams administered through the Society of Actuaries (SOA) and work towards becoming qualified as a fellow of the SOA (FSA designation). The Actuarial Development program will provide study days and other support to participants to help them pass their actuarial exams.
- As a student in the ADP, participants are expected to balance their work responsibilities with their actuarial studies.
Essential Business Experience and Technical Skills:
Required:
- Bachelor's degree in actuarial science, mathematics, statistics, or other analytical/business related field
- GPA of 3.0 or higher
- Passed at least five SOA Actuarial Exams; ASA designation preferred
- Committed to completing the Society of Actuaries' educational requirements to attain the FSA designation which can be illustrated through passed exams, work experience, affiliation with actuarial organizations and clubs, and analytical degrees
- Strong leadership skills
- Strong computer/technical skills
- Strong verbal and written communication skills
Preferred:
- Knowledge of programming languages a plus
The salary range for applicants for this position is $93,600 - $124,800.
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 2024 "World's Most Admired Companies" 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!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [email protected]. 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.
$93,600 - $124,800
#BI-Hybrid
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What We Do
Named one of Fortune’s “World’s Most Admired Companies,” MetLife is leading the global transformation of an industry we’ve defined for more than 150 years. At MetLife, every innovation and line of code is a lifeline for our customers and their families—from victims of natural disasters to people living with disabilities and beyond. With operations in more than 40 markets and leading positions across the globe, MetLife’s building a workforce of diverse and empowered voices that all belong. Join our remarkable journey—one in which you help write the next century of innovation in financial services—because with MetLife, making the world a better place is All Together Possible.
Why Work With Us
At MetLife, you’ll be working for a company whose purpose is to help customers throughout their life’s journey, and often in their most critical time of need. You’ll be a part of developing leading-edge platforms that will have a lasting impact on the lives and well-being of tens of millions of customers.
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Employees engage in a combination of remote and on-site work.
MetLife's current workplace policies classify roles as Office, Hybrid or Virtual based on the nature of work, encouraging new ways of working together
