Actuarial Associate

MetLife, Inc.; New York (NY); Hybrid; USD 81,000 - 108,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

Dental insurance

401(k) with employer matching

Paid time off

Job summary

MetLife’s Retirement & Income Solutions (RIS) Annuity pricing team seeks an Actuarial Associate to deliver pricing for pension risk transfer transactions and related initiatives. You will work with plan data, pricing assumptions, and contracts to support bid letters and post-sale pricing tasks.

Reporting to the Director, Annuity Pricing, you will apply actuarial expertise, collaborate across teams, and contribute to process improvements in a hybrid New York office setting.

Qualifications

• Minimum of 3 years of actuarial experience.
• ASA/Pre FSA designation on Society of Actuaries.
• Good computer skills (Excel, Access, Visual Basic, 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.

Responsibilities

• Perform PRT case pricing end to end, including review of plan documents, data, assumptions, calculations, and review of offer letters and contracts for consistency with pricing assumptions.
• Provide support for development of pricing assumptions, including behavioral assumptions, for PRT transactions.
• Provide actuarial support to internal partners on pricing issues.
• Collaborate with the Contract team to develop bid letters and term sheets for each case and contracts after the sale.
• Perform post-sales pricing related functions, such as creating cost listings and analyzing price variance.
• Provide support to refine current processes to enhance quality and efficiency.

Skills

Excel

Access

Visual Basic

C++

Analytical skills

Education

ASA/Pre FSA designation

Bachelor's degree in mathematics, statistics or actuarial science

Tools

Prophet

Job description

MetLife 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.

Key Responsibilities:

• 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.

Essential Business Experience and Technical Skills:

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

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 $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.

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 90 days from the listed posting date.