Actuarial Associate

MetLif; Bridgewater Township (NJ); Hybrid; USD 54,000 - 90,000; Full time

Benefits offered by this job

Health insurance

401(k) with employer matching

Study support for actuarial exams

Hybrid work schedule

Job summary

MetLife’s Retirement & Income Solutions team invites actuarial-minded professionals to join the US Actuarial Development Program. Rotations every two years develop versatile actuaries across pricing, reserves, modeling, and investments.

The ADP focuses on BAU work and ad hoc projects, with study support and opportunities to present to Senior Management. Location is hybrid in the US, with an emphasis on in-office collaboration at least three days per week.

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; more exams welcomed.
• Committed to obtaining the FSA designation; demonstrated via exams and experience.
• Strong mathematical/analytical and computer skills; Excel proficiency required; Python/SQL/R preferred.

Responsibilities

• Perform actuarial calculations, data analysis and risk evaluations.
• Organize data, coordinate work, and provide research-based recommendations.
• Prepare for and take SOA exams; work toward FSA designation.
• Support reporting automation and balance responsibilities with study commitments.

Skills

Excel proficiency

SOA exam progress

Analytical skills

Python/SQL/R (preferred)

Education

Bachelor's or higher in actuarial science, math, stats, CS, econ or analytical field

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 rangefor 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.

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, paid time off, paid holidays, volunteer time off, tuition assistance and much more! For more information regarding MetLife’s U.S. benefits, please click here .

About MetLife

Recognizedon Fortune magazine's list of the "World's Most Admired Companies",Fortune World’s 25 Best Workplaces™, as well as the Fortune 100 Best Companiesto Work For®, MetLife, 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 institutionalcustomers. With operations in more than 40 markets, we hold leading positionsin 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 purposeis simple - to help our colleagues, customers, communities, and the world atlarge create a more confident future. United by purpose and guided by our corevalues - Win Together, Do the Right Thing, Deliver Impact Over Activity, andThink Ahead - we’re inspired to transform the next century in financialservices. 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.

This posting is for a current vacancy and is anticipated to remain open for at least 60 days from the listed posting date.