Pension Risk Transfer Actuarial Associate

MetLife; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

MetLife's Retirement & Income Solutions (RIS) Annuity team seeks an Actuarial Associate to price Pension Risk Transfer (PRT) transactions and support strategic pricing and product development in the Pensions business. You will perform end-to-end case pricing, review plan documents, analyze data, and develop pricing assumptions.

Essential qualifications include a minimum of 3 years actuarial experience, ASA/Pre-FSA designation, Bachelor’s degree in mathematics, statistics or actuarial science,

Qualifications

• Minimum of 3 years actuarial experience.
• ASA/Pre-FSA designation.
• Excellent analytical and spreadsheet skills.
• Good communication skills.
• High degree of business and financial acumen.
• Bachelor's degree in mathematics, statistics or actuarial science.

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 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.

Skills

Analytical skills

Communication skills

Financial acumen

Education

Bachelor's degree in mathematics, statistics or actuarial science

Tools

Excel

Access

Visual Basic

C++

Job description

MetLife's Retirement & Income Solutions (RIS) Annuity team seeks an Actuarial Associate to price Pension Risk Transfer (PRT) transactions and support strategic pricing and product development in the Pensions business. You will perform end-to-end case pricing, review plan documents, analyze data, and develop pricing assumptions.

Essential qualifications include a minimum of 3 years actuarial experience, ASA/Pre-FSA designation, Bachelor’s degree in mathematics, statistics or actuarial science,