AVP and Actuary (Modeling & ALM)

Position: Assistant Vice President and Actuary (Modeling & ALM)

Job Location: St. Louis, MO 11330 Olive Boulevard (preferred): Alternate Job Locations: Bridgewater, NJ, New York, NY, or Wilmington, DE. (Office schedule is hybrid with 3-days in the office and 2-days out.)

Department: Retail Life Actuarial is responsible for Stat, GAAP and Tax valuation, Embedded Value, Experience Studies and Asset/Liability management functions for the Retail Life Product line within MetLife Holdings.

The Role: The AVP and Actuary leading this team will be responsible for producing and analyzing various valuations within MetLife’s US Retail Life business, as well as advising on various areas within MetLife concerning projection-related questions. This role reports to the Retail Life Lead Actuary.

Key Responsibilities:

• Production, analysis and communication of Cash Flow Testing (CFT), Embedded Value (EV), ALM, and other actuarial projections to senior management for U.S. Retail Life Business
• Prophet modeling oversight which includes maintaining working knowledge of models, managing relationship while maintaining close communication with Global Actuarial Modeling (GAM) Department
• Serve as member of the MLH ALM Working Group; Advise on various objectives/initiatives related to the management of assets backing the Retail Life Liabilities
• Support/advise Product and Dividend departments in setting credited rates for universal life and participating whole life products
• Partner with IT and GAM departments to support Prophet model’s functionality in MIAME/Thanos grid processing environment
• Develop/maintain controls for complex Prophet model input/output
• Ensure appropriateness of actuarial assumptions used in projection models
• Serve as key line of defense in erroneous assumptions, model inputs, and model output
• Collaborate with Retail Life Valuation team in assumption/projection alignment for Retail Life
• Actively partner with and advise CFO, Reinsurance, Risk, Investments, Valuation, Experience Studies and other business partners.
• Manage total team of 8 with 2 direct reports

Key Relationships:

• Reports to: Vice President Retail Life Lead Actuary

• Direct reports/team: 2 direct reports / 8 total team
• Key Stakeholders: CFO, Reinsurance, MetLife Holdings, Valuations, Experience Studies, ALM, Investments

Essential Business Experience and Technical Skills:

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related discipline
• 7-10 years of Actuarial experience
• FSA designation
• Proficiency in MS Office, particularly Excel, Access, and VBA
• 3 years’ experience managing people
• 5 years’ experience working in modeling and working with life insurance products, preferably in Prophet
• Demonstrated ability to manage multiple projects with tight timelines
• Strong leadership skills and ability to mentor/grow new talent
• Desire to continuously improve processes and model projections
• Ability to effectively explain complex concepts in a simple manner
• High attention to detail and analytical skills
• Ability to use creativity to find solutions to complex issues
• Strong written and verbal communication skills.

MetLife Success Principles

• Experiment with Confidence – Courageously learn and test new ideas without fear of failure

• Act with Urgency – Demonstrate speed to action with agility and determination
• Seek Diverse Perspectives – Source ideas and feedback to expand thinking and make informed decisions
• Seize Opportunity – Drive responsible growth and identify areas for continuous improvement
• Champion Inclusion – Foster an environment where everyone is valued, heard, and can speak up
• Create Alignment – Partner with others across the organization with candor and transparency
• Take Responsibility – Be accountable and act in pursuit of the right outcomes
• Enable Solutions – Anticipate and address obstacles while managing risk
• Deliver What Matters – Execute meaningful priorities and follow through on commitments

MetLife:

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 help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $669 billion of total assets under management as of December 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine’s 2021 list of the “World’s Most Admired Companies.”

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

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