What are the responsibilities and job description for the Actuarial Assistant position at MetLife?
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
MetLife’s US Actuarial Development Program (ADP) 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 first rotation in the ADP will be within RIS. The Actuarial Assistant is responsible for creating illustrations and producing attractive quotes for new business across a wide variety of COLI/BOLI products. This is an exciting opportunity to expand actuarial knowledge and become involved in various aspects of new business sales/development in a fast-paced and evolving market.
Key Responsibilities
The expected salary range for this position is $67,400 - $89,900. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services. 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 accommodations@metlife.com. 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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liabilities.
The Opportunity
MetLife’s US Actuarial Development Program (ADP) 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 first rotation in the ADP will be within RIS. The Actuarial Assistant is responsible for creating illustrations and producing attractive quotes for new business across a wide variety of COLI/BOLI products. This is an exciting opportunity to expand actuarial knowledge and become involved in various aspects of new business sales/development in a fast-paced and evolving market.
Key Responsibilities
- Responsible for creating accurate and timely illustrations, quotes and other new business deliverables in the first rotation.
- 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 Actuarial Development program 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.
- 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.
- Strong analytical and quantitative problem-solving skills.
- Proficiency in Excel and other technical tools; experience with Python, SQL, or R preferred.
- Effective leadership, communication, and interpersonal skills.
The expected salary range for this position is $67,400 - $89,900. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services. 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 accommodations@metlife.com. 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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liabilities.
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