Senior Actuarial Associate - Actuarial Development Program

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. Participants will be responsible for calculations, data analysis, and risk evaluations that are actuarial in nature. Participants will also be responsible for initiating, organizing, and coordinating data and making recommendations to team members based on their research. Participants will also prepare for and take challenging actuarial exams administered through the Society of Actuaries (SOA) and work towards becoming qualified as Fellows of the SOA (FSA designation). The Actuarial Development program (ADP) will provide study days, study material/exam fee reimbursements, 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.

In this rotation, you will work in the US CFO Institutional Product Actuarial team within Financial Management Group which is responsible for the oversight of the MAXIS Global Benefits Network. MAXIS was co-founded by MetLife & AXA in 1998, is one of the leading international employee benefits networks providing global service capabilities and delivering world-class employee benefits perspectives and solutions. Our goal as MAXIS is to be recognized as the leading global employee benefits network by putting clients and their employees' needs first.

Key Responsibilities
  • Actuarial support for the MAXIS joint venture; interaction between MAXIS, AXA and several MetLife entities on the actuarial entries.
  • Development and presentation of analysis for the MetLife Bermuda actuarial and finance team to provide certification of the MAXIS reserves, as well as support for their regulatory filings.
  • Model creation and validation for Home Office Reinsurance Financials - Actuals, Plan, Projections. Insight of drivers and explanation to management.
  • Timely and accurate monthly submission of actuarial balances related to MAXIS arrangement to the Corporate & Other Valuation Unit.
  • Critical actuarial and financial support for the monthly, quarterly and annual deliverables for P&L accrual, year end finalization, and C&O projection and planning cycle
  • Provide the actuarial support to ensure proper execution of new reinsurance agreements/novations for the MAXIS member/client conversions.
  • Maintenance & tracking of client dividend payments, in order to make appropriate adjustments to the liability on MetLife's books. Achieve stakeholder agreement to transfer dividend liability over to AXA for converted clients


Essential Business Experience and Technical Skills :
  • Bachelor's degree in actuarial science, mathematics, statistics, or a related field
  • GPA of 3.3 or higher
  • ASA designation required
  • 3+ years of experience
  • Committed to completing the Society of Actuaries' educational requirements to attain the FSA designation. This can be illustrated through passed exams, work experience, affiliation with actuarial organizations and clubs, and analytical degrees.
  • Strong leadership experience
  • Strong verbal and written communication skills
  • Strong computer/technical skills


Preferred:
  • Knowledge of programming languages a plus


Business Category

Financial Management Group

Number of Openings

1

PRGADP

"At MetLife, we're leading the global transformation of an industry we've long defined. United in purpose, diverse in perspective, we're dedicated to making a difference in the lives of our customers."

MetLife:

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 help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $659.6 billion of total assets under management as of December 31, 2020. We are ranked #48 on the Fortune 500 list for 2020. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies.

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world. Visit us at www.metlife.com to learn more about our brand, history, and values.

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

Requisition #: 117046