Actuary - UK Reinsurance

Description and Requirements
The Team You Will Join
This role will play an integral part in the UK Reinsurance line of business of 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 Opportunity
The successful candidate will report to the Director & Actuary, UK Reinsurance, and support the continued new product development and client expansion as well as regular management of collateral operations and reporting for the UK Funded Reinsurance product in alignment with MetLife's enterprise strategy. This position will develop external client relationships as it relates to market, business and operational strategy for the product. This is a visible role to senior leaders within the RIS Leadership Team and other business & corporate functions, allowing opportunities to influence management decisions and drive results. This position also interacts closely with the RIS business and functional partners, including Investments, Operations/Administration, IT, Legal, Compliance, Risk, Actuarial, Pricing, and Finance. As a leader within the team, the candidate will be a key contributor to the growth of the business and management of the growing in-force block to create value for RIS.
How You'll Help Us Build a Confident Future (Key Responsibilities)

• Maintain and develop strong external client relationships with various UK Reinsurance cedant and broker partners
• Key contributor to the continued product development of UK Funded Reinsurance including, but not limited to, participating in new client negotiations, collaborating closely with investment teams to interpret and challenge investment guidelines and key commercial terms, and developing robust client collateral reporting capabilities
• Lead the regular collateral management and monthly exposure reviews for all cedants, confirm required collateral amounts meet contractual obligations and compliance with cedent Investment Guidelines
• Create strong operational controls and procedures for adhering to contractual requirements
• Experiment with and develop new tools and procedures to streamline collateral operations
• Lead by example to reinforce a culture of listening, accountability, collaboration, and transparency, creating an inclusive and diverse environment where all voices are encouraged.
• Partner and collaborate with Finance, Investments, Pricing, Valuation, R&D, Risk, and Legal to structure deals and manage the in-force business

What You Need to Succeed (Required Qualifications)

• Bachelor's degree in Finance, Actuarial Science, Mathematics, Economics, or related discipline
• FSA, ASA or CFA with 5+ years of insurance and/or reinsurance industry experience with comprehensive business knowledge
• Ability to understand technical product contracts as it relates to implementing collateral calculations and complying with investment guidelines
• Strategic and analytical thinker with ability to focus on details, synthesize broad amount of information into actionable information for executives. Able to quickly spot issues and develop a recommended approach.
• Strong analytical, financial modeling and problem-solving skills
• Ability to operate effectively in a highly matrixed environment
• Self-starter with ability to effectively manage multiple processes and priorities simultaneously
• Team player with ability to build broad relationships internally and externally
• Ability to communicate clearly and concisely both orally and in written form across all levels of the company
• Attention to detail and accuracy

What Can Give You an Edge (Additional Skills)

• General understanding of institutional asset management and portfolio analysis
• Strong technical skills and experience with automation and reporting tools
• Understanding of reinsurance strategies and annuity products

Location Expectation: This is a hybrid role requiring a minimum of 3 days per week in office.
The expected salary range for this position is $114,000 - $152,100. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.
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 "World's Most Admired Companies", Fortune World's 25 Best Workplaces™, as well as the 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 our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
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.
$114,000 - $152,100
#BI-Hybrid