Actuarial Assistant

Job Description

Job Location: United States : Michigan : Troy

A candidate has been identified.

Role Value Proposition:

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.

Participants will also prepare for and take challenging actuarial exams administered through the Society of Actuaries (SOA) and work towards becoming qualified as Fellows of the SOA (FSA designation). The Actuarial Development program will provide study days and other support to participants to help them pass their actuarial exams. As a student in the ADP, participants are expected to balance their work responsibilities with their actuarial studies.

Key Responsibilities:

• Participates in the rate-making, reserving, and risk evaluation functions.
• Counsels management and advises on underwriting functions that require actuarial or mathematical techniques to determine appropriate courses of action.
• Assures preparation and interpretation of data in support of rate filings with various state insurance departments.
• Determines rates of mortality, sickness, retirement, etc. based on analysis of statistical data.
• Assists in design of insurance plans, calculation of premiums, determining cash reserves and premium rates necessary to ensure sufficient funds for benefits payment and profitability.
• Over time, the student will rotate assignments that will further his/her actuarial development.
• Performs actuarial tasks which are of a mathematical and/or higher-level administrative nature.
• Compiles and categorizes data for experience analyses and reports.
• Prepares schedules of statistics, financial statements, premiums, reserves and benefits; documents and verifies factors used in related computations.
• Performs other related duties as assigned or required.
  

Essential Business Experience and Technical Skills:

Required:

• Bachelor's degree in actuarial science, mathematics, statistics, or a related field
• GPA of 3.3 or higher
• Passed exam P.
• Committed to completing the Society of Actuaries' educational requirements to attain the FSA designation. This can be illustrated through passed exams, work experience, affiliation with actuarial organizations and clubs, and analytical degrees.
• Strong leadership skills
• Strong computer/technical skills – knowledge of programming languages a plus.
• Strong verbal and written communication skills

Salary Grade

09C

Business Category

US Business

Number of Openings

1

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on 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.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 112672