As a key member of the Retail Life’s product development team, this position plays a critical role in providing oversight for Retail Life's business. The position will work closely with the leadership of the MetLife actuarial community and the Retail Life Product area to provide direction for MetLife’s Retail Life product portfolio. This person will be specifically responsible for working in close partnership and present recommendations to leadership in other MetLife actuarial (financial areas). This person will also be specifically responsible for evaluating recommendations and reaching conclusions on new business returns and new product opportunities.
Responsible for all product modeling and new business feasibility analysis for all Retail Life products.
Provides leadership for Retail Life Product area, ensuring strategies which mitigate risk and provide consumer and shareholder value across all Retail Life products and distribution. Takes a lead role in the recommendation of new Retail Life Products that promote profitable growth.
Needs to be expert and accurately model all financial aspects of all retail life products. Needs to be expert in life product issues and actively monitor and recommend ideas for improving profits and growth.
Identifies gaps in our current retail life business model and researches potential opportunities to fill those gap.
Responsible for communicating the benefits and risks of retail life product line within Retail Life product area including leading extensive analysis of current products being offered.
Accountable for rationalizing risk across all retail life products and distribution channels, including monitoring assumptions, performance and experience.
Works closely with finance areas and other areas of IB to establish profitability targets and is responsible for hitting those targets.
Partners with Corporate Risk & Actuarial management to bring value-added changes to current actuarial processes.
Must be an FSA and MAAA with 5 plus year product experience.
Extensive knowledge of core actuarial areas (ex: valuation, pricing, reinsurance structures, financial reporting, ALM).
Extensive knowledge risk management in the financial services industry.
Extensive knowledge of insurance products.
Must understand the business and technology as well as understand the interrelationship of both to achieve appropriate business solutions. In particular, must understand relationship of multiple administration systems to the general ledger and sub-ledgers.
Desired Leadership Competencies
Strong leadership capabilities/experience that drives business results.
Experience in leading the development, execution, and measurement of strategic and complex projects
Strong negotiation skills and ability to influence, gain consensus, and cultivate strategic internal relationships with individuals at various levels throughout the organization
Strong analytical capabilities, financial acumen and business judgment.
Ability to look across products and identify common themes and issues.
Communicates effectively – Shares information and encourages/engages in open candid dialogue. Has the ability to effectively communicate at all levels, as well as to outside distribution partners.
Builds relationships – Excels at building partnerships and fosters teamwork at multiple levels and across the organization. Demonstrated success effectively working with multiple stakeholders toward team solutions.
Champions Change/Implements and Adapts to Change – Proactively leads and/or embraces change with innovation, courage and resiliency.
Focuses on the customer – Works to exceed customer expectations (internal and external).
Manages Performance Effectively – Achieves results through others and/or plans and organizes time and priorities to achieve business results.
Financial/Business Acumen – Possesses a deep understanding of key business drivers and outcomes. Uses quantitative financial measures to evaluate strategic options.
Ethical Behavior – Behaves in an ethical manner in all dealings internally and externally. Enhances MetLife’s reputation as an employer and business partner; does not tolerate any lapses of integrity within the organization.
Number of Openings
For direct contact with the recruiter, first submit an application, and then you can call Sharon Alexander at 832-458-0095 if you are currently an Actuary and you are interested in Actuarial positions at MetLife.
Equal Employment Opportunity
MetLife is proud to be an equal opportunity/affirmative action employer. We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.
How To Apply
For immediate consideration, click on the Apply Now button below. You will be directed to complete an on-line profile which may take 15 – 20 minutes to complete. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.
MetLife - 13 months ago
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