Director, Pricing Model & ALM Frameworks Lead

Job Description

Director, Pricing Model & ALM Frameworks Lead

Job Location: New York: New York

Department:

The RIS business (Retirement Income Solutions), one of the largest U.S. segments in MetLife, offers a wide variety of products including pension risk transfer products, GIC/Funding agreements, stable value products, structured settlements, Institutional Income Annuities and PRB & SBR products.

Role:

Reporting to the head of RIS Strategy, Pricing and R&D, this director position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of products, including pension risk transfer products, longevity reinsurance, GIC/Funding agreements, stable value products, structured settlements, Institutional Income Annuities and PRB & SBR Products.

The successful candidate will lead RIS pricing modeling and ALM frameworks function, with a supporting team. The role will work closely with RIS business pricing teams and corporate functional partners, including actuarial, investments, operations, legal, risk and finance, and will be highly visible within the organization.

Key Responsibilities:

• Lead financial modeling of ALM, liability cashflow / reserve projection and various capital framework across various RIS products
• Lead efforts to improve pricing methodology and ALM frameworks
• Collaborate with Investment, Risk, Actuarial and other R&D teams for RIS strategic initiatives
• Perform business pricing oversight and consulting for RIS business pricing team
• Communicate results to business partners and senior management

Key Relationships:

• Reports to: VP Strategy, Pricing and R&D
• Direct reports/team: 3
• Key Stakeholders: Product heads, investments, finance, risk, legal, and other corporate functions

Essential Business Experience and Technical Skills:

Required:

• Bachelor’s degree in actuarial science, math, statistics, economics, or related discipline
• FSA, ASA or CFA with 7+ years of insurance industry experience with comprehensive business knowledge
• Strong financial modeling, analytical, and problem-solving skills
• Excellent presentation and written communication skill
• Good knowledge in US GAAP, Statutory and capital framework s
• Ability to manage and coach / develop talents
• Ability to operate effectively in a highly matrixed environment

Preferred:

• Strong knowledge in Retirement products
• Strong knowledge in investment and ALM
• Strong knowledge or ability to quickly learn, MetLife's processes and systems

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 more than $584 billion in managed assets as of March 31, 2018. We are ranked #43 on the Fortune 500 list for 2018. In 2018, we were named to the Dow Jones Sustainability Index (DJSI) for the third year in a row. DJSI is a global index to track the leading sustainability-driven companies.

Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life’s twists and turns. Visit us at www.metlife.com to learn more about our brand, history, and values.

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.