Director & Actuary - Product Development

We are seeking a proactive, innovative, data-driven, creative thinker who thrives in a dynamic environment and connects the dots across complex business processes. Reporting to the Vice President, Retail Annuity Reinsurance and R&D, this position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). Key projects may include analyzing new regulatory frameworks and their impacts on RIS products, new product development initiatives, new market entry strategies and development of new and innovative capital strategies.

The role provides an opportunity to drive and execute these initiatives independently by working closely with various teams (including but not limited to reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations). This is a highly visible role within the organization and can drive significant shareholder value.

Key Responsibilities:

• Analyze and develop strategy for implementation of new regulatory frameworks (ex. Principle-based reserving (PBR)) for RIS products; Analyze current ALM, annuities product development and pricing strategies under new regulatory frameworks and partner with relevant teams to implement new frameworks into pricing models

• Develop & modify strategies for various RIS products utilizing affiliate and third-party reinsurance vehicles

• Pricing & early product assessments for new RIS growth markets, with a particular focus on Reinsurance or Annuities Product Development

• Lead the efforts to improve capital efficiency and enhance the business value for RIS

• Collaborate with Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other relevant business functions to ensure timely completion of key initiatives; Provide guidance to other team members in conducting financial modeling and pricing analysis for the reinsurance and product development initiatives

Required Qualifications:

• Bachelor's degree in actuarial science, math, statistics, economics, or related discipline

• FSA, ASA or CFA with 5+ years of insurance industry experience with comprehensive business knowledge

• Strong financial modeling, analytical, and problem-solving skills

• Ability to operate effectively in a matrixed environment

Preferred Qualifications:

• Prior experience in innovation or launch of new products/markets

• Experience in institutional products

• Functional experience in R&D or ALM or Reinsurance

Equal Employment Opportunity/Disability/Veterans

If you need an accommodation due to a disability, please email us at View email address on click.appcast.io. 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.