Actuarial Associate

MetLife; Bridgewater (MA); Hybrid; USD 67,000 - 90,000; Full time

Benefits offered by this job

Study days

Study material reimbursements

Exam salary increases

Job summary

MetLife’s US Actuarial Development Program offers rotation across core actuarial areas and exposure to senior management. Participants (actuarial students) rotate roughly every two years within RIS/SBR, tackling BAU work and ad hoc projects while pursuing SOA exams.

The ADP supports exam study days, reimbursements, and salary increases, with a hybrid in-office expectation of at least 3 days per week in Massachusetts.

Qualifications

• Bachelor's degree or higher in actuarial science, mathematics, statistics, CS, economics or related field.
• GPA 3.0 or higher.
• Passed at least one SOA actuarial exam; willingness to progress toward FSA.
• Strong mathematical, analytical and technical skills; Excel proficiency; Python/SQL/R preferred.

Responsibilities

• Perform actuarial calculations, data analysis and risk evaluations.
• Coordinate data initiatives and present research-based recommendations.
• Prepare for SOA exams and progress toward FSA designation.
• ADP provides study days, material reimbursements, exam salary increases and support.
• Balance work responsibilities with actuarial studies.

Skills

Analytical skills

Mathematical skills

Education

Bachelor's degree or higher in actuarial science, mathematics, statistics, computer science, economics or other analytical/business related degree

Tools

Python

SQL

R

Job description

Join MetLife’s Retirement & Income Solutions team and help shape the future of financial security for millions. As the trusted market leader in institutional retirement, you’ll contribute to delivering $5.5 billion in annual benefits payments to almost one million retirees and beneficiaries. Here, you’ll work with annuities, risk solutions, and stable value products that help companies reduce risk and maintain financial strength while empowering individuals to retire with confidence. Join us to help solve today’s most complex retirement challenges and make a lasting impact on our customers’ lives.

The Opportunity

The selected candidate will be part of MetLife’s US Actuarial Development Program (ADP). This program 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”) will 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 pricing and product development, reserve calculations, actuarial modeling, financial analysis, asset liability management, and investments. The selected candidate's first rotation in the ADP will be within RIS. The position is within SBR Actuarial, helping to manage SBR inforce block of business. The candidate will be responsible for BAU work as well as ad hoc projects, related to requests that come from both internal business partners as well as external partners (i.e. brokers). The candidate will be working closely with colleagues and leaders across the SBR business, will have the opportunity to present projects to Senior Management and will be working closely with an Actuarial student on an ongoing reporting automation initiative.

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 ADP will provide study days, study material reimbursements, exam salary increases, and other support to encourage and help participants pass their actuarial exams.
• Participants are expected to balance their work responsibilities with their actuarial studies.

Required Qualifications

• Bachelor's degree or higher in actuarial science, mathematics, statistics, computer science, economics or other analytical/business related degree.
• GPA of 3.0 or higher.
• Passed at least one SOA actuarial exam. Additional passed exams are preferred and may be required based on the particular position being filled.
• Committed to completing the Society of Actuaries' educational requirements to attain the FSA designation. This can be illustrated through passed exams, actuarial work experience, affiliation with actuarial organizations and clubs, and analytical degrees.
• Must have strong mathematical, analytical skills, and computer/technical skills.
• Proficient in Excel, with preferred knowledge of Python, SQL, or R.

Preferred Qualifications

• Knowledge of other programming languages such as Python, SQL or R is preferred.
• Demonstrates strong critical thinking abilities, excellent communication skills, and exceptional organizational skills.

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 $67,400 - $89,900. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.

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.

As part of our New Frontier strategy, MetLife is building an AI-enabled, people-centered future. We’re looking for people who bring curiosity, adaptability, and a growth mindset as we use AI to enhance how we serve customers, support communities, and evolve the way work gets done. At MetLife, AI is a responsible partner that supports human judgment, creativity, and continuous improvement while helping us build trust, inclusion, and long-term value.

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 [e-mail]. 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.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liabilities.

This posting is for a current vacancy and is anticipated to remain open for at least 90 days from the listed posting date.