Senior Specialist, Pricing Actuary
Senior Specialist, Pricing Actuary
MetLife5-7 Years
- Posted 14 hours ago
- Be among the first 10 applicants
Job Description
Role and Responsibility
This position is a member of the Actuarial Function and is responsible for the delivery of actuarial pricing, product development, profitability assessment, and actuarial analysis activities to support business growth and regulatory requirements
Knowledge/Skills/Competencies Required
This position is a member of the Actuarial Function and is responsible for the delivery of actuarial pricing, product development, profitability assessment, and actuarial analysis activities to support business growth and regulatory requirements
- Collaborate with Product team and relevant stakeholders in developing new products and product enhancements, including product design, feasibility assessment, and business case development.
- Perform actuarial modelling, pricing, profitability testing, and financial impact analysis for new products and product changes.
- Prepare product filing documents and coordinate product submission and regulatory approval processes.
- Work with Corporate and Regional Actuarial teams on Value of New Business (VNB) reporting and pricing governance requirements.
- Evaluate and analyze reinsurance arrangements, including reinsurance quotations, treaty terms, and product-related reinsurance impacts.
- Participate in new product initiatives and strategic business projects from an actuarial perspective.
- Coordinate experience studies and actuarial investigations, including mortality, morbidity, lapse, surrender, and expense analyses.
- Conduct assumption reviews and provide recommendations to ensure pricing assumptions remain appropriate and up to date.
- Coordinate with internal stakeholders and external parties on RBC-related initiatives and regulatory submissions.
- Prepare and review actuarial reports relating to product profitability, reserves, liabilities, and financial results.
- Support audit reviews and regulatory reporting by providing actuarial analysis, documentation, and technical expertise.
- Participate in product UAT and implementation activities to ensure successful and timely product launches.
- Work closely with Regional and Corporate Actuarial teams to fulfill governance, reporting, and pricing requirements.
- Identify opportunities to improve actuarial processes, modelling efficiency, and analytical capabilities through data, automation, and technology-enabled solutions.
- Ability to use approved AI tools to improve speed, quality, and efficiency across actuarial analysis, modelling, documentation, and reporting activities.
- Ability to evaluate AI-generated outputs for accuracy, reliability, and risk, and apply professional actuarial judgment before using such outputs in business decisions and deliverables
Knowledge/Skills/Competencies Required
- At least 5 years of experience in life insurance actuarial functions.
- Preferred: 2 years of experience after achieving Associate Actuary qualification.
- Solid actuarial knowledge in pricing, product development, profitability analysis, and actuarial modelling.
- Strong actuarial modelling and analytical skills.
- Good understanding of life insurance products and actuarial regulatory frameworks.
- Strong communication and stakeholder management skills.
- Self-motivated with the ability to work independently and manage multiple priorities.
- Innovative mindset with a continuous improvement approach.
- Good command of English.
More Info
Key Skills
assumption reviews
financial impact analysis
experience studies
actuarial analysis
product UAT
actuarial pricing
data automation
pricing governance
profitability assessment
actuarial modelling
actuarial reports
audit reviews
product filing
RBC-related initiatives
regulatory approval
About Company
Skills:
google sheets , Excel, PLM systems, Market Intelligence, Polymer Science, Financial Modeling, Cost Governance Analytics, Cost Engineering Modeling, Strategic Negotiation, Index-based pricing mechanisms, Sustainable Material Costing, Should-cost modeling
Skills:
Digital Transformation, Automation, Data Analytics, Business Analytics, Business Strategy, Sales Management Reporting, Digital Solutions, Market Intelligence, Sales Planning
Skills:
data engineering , Data Modeling, Advanced Sql, Restful Apis, Python, Etl, LangChain, LLM-driven analytics automation workflows, Anthropic, Optimization, Big Data Warehousing, R, ELT pipelines, OpenAI APIs, LlamaIndex
Skills:
portfolio development , Promotional Activities, Marketing Strategies, Communication campaigns, Product positioning, Product Knowledge
Skills:
pricing strategy , Forecasting, Portfolio Management, Project Management, Market Development, Demand Planning, Product Marketing, Customer Engagement, commercialization