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Job Details

VP Disability Pricing - Group Benefits

Company name
Metropolitan Life Insurance Company - MetLife

Location
Bridgewater, NJ, United States

Employment Type
Full-Time

Industry
Clevel, Executive, Insurance, Actuarial, 100k

Posted on
Oct 20,2019

Valid Through
Feb 02,2020

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Profile

Date Posted:

Oct 20, 2019

Location:

Bridgewater, NJ, US, 08807

Company:

MetLife

Position

: VP, Disability Pricing - Group Benefits

Job Location:

Bridgewater, NJ

Department:

The Group Benefits (GB) organization is responsible for the strategic direction, growth and management of MetLife's industry leading U.S. employee benefits business. Within this organization, the MetLIfe Disability business is among one of the largest in the industry. The business offers Long Term Disability, Short Term Disability, Administrative Services Only, Individual Disability Insurance, Absence Management, and Paid Family Leave solutions.

The Role

: The VP will serve as pricing Leader for Group Disability Products which includes Long Term Disability, Short Term Disability, Individual Disability Income, Total Absence Management, and Paid Family Leave. He / she will provide pricing support to senior leaders, product leaders, the finance partners, and MetLife’s group underwriting team.

Key Responsibilities:

Lead pricing studies & analysis for existing block and for new product development (~$2B annual revenue, ~$275M annual sales).

Maintain, update, and enhance our disability pricing & underwriting tools

Define, communicate, and monitor underwriting & pricing strategies

Support case-level underwriting decisions on the largest and most complicated cases

Own and update all Embedded Value pricing assumptions for the Group Disability block

Lead the pricing initiatives in support of a greater disability enhancements project

Perform risk and financial analysis to support Group Disability product partners (Finance, Valuation, Operations)

Lead a pricing team of eight associates. Help manage two associates that are shared with the Life pricing team.

Key Relationships:

Reports to:

VP, Life & Disability Pricing

Direct reports/team

: Total team of eight, five direct and three indirect reports.

Key Stakeholders

: Market segment leaders, market segment strategy leaders, underwriting officers, Group Benefits finance team, Group Benefits product teams.

Candidate Qualifications:

Essential Business Experience and Technical Skills:

Fellow of the Society of Actuaries or equivalent

Minimum of 10 years of Actuarial Experience & 5 years of group insurance pricing experience

Strong written and oral communication skills

Proven success as a people manager

Ability to work effectively with partners and in cross-functional teams

Leadership Competencies:

Thinks Strategically

– Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.

Creates Partnerships

– Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.

Grows Talent

– Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.

Models our Values

– Creates a culture that promotes the company’s values and standards through role modeling, accountability and ownership of decisions.

Drives Results

– Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.

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 588.7 billion in total assets under management as of December 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.

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.

Nearest Major Market:

New Jersey

Company info

Metropolitan Life Insurance Company - MetLife
Website : https://www.metlife.com

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