Actuarial Associate - PRT

Met Life actuaries aspire to be trusted advisors in the insurance industry by using their expertise to design and price insurance policies, manage financial risks, and make informed decisions about managing risk and uncertainty. The Retirement & Income Solutions (RIS) Annuity business is seeking an Actuarial Associate, within the US Pension Risk Transfer (PRT) Pricing team. Reporting to the Director, Annuity Pricing, this role will provide actuarial and technical expertise for pension risk transfer transactions and other key strategic & product development initiatives in the Pensions business.

• Perform PRT case level pricing end to end including review of plan documents; analyze participant & case data; develop & assess assumptions; perform calculations and sensitivity analysis; thorough review offer letters and contracts for consistency with pricing assumptions
• Provide support for assumption development, including spectrum of behavioral assumptions, for PRT transactions based on company, case, and industry data
• Provide actuarial support to internal partners (i.e. Implementation and Global Operations) on 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.
• Provide support to refine current processes to enhance the quality of work and improve efficiency.

Required:

• Minimum of 3 years of actuarial experience
• ASA/Pre FSA designation on Society of Actuaries
• Good computer skills (Excel, Access, Visual Basis, C++ or other programming languages).
• Excellent analytical and spreadsheet skills.
• High degree of business and financial acumen
• Bachelor's degree in mathematics, statistics or actuarial science

Preferred:

• Experience with Prophet

This is a hybrid role requiring a minimum of 3 days per week in office.

The expected salary range for this position is $80,800 - $107,700. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.

• 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 Met Life 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, paid time off, paid holidays, volunteer time off, tuition assistance and much more!
  
  For more information regarding Met Life’s U.S. benefits, please  .

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®, Met Life, through its subsidiaries and affiliates, is one of theworld’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.

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