Description

Description and Requirements

Role Value Proposition

For over 150 years, MetLife has continuously sought to make a meaningful impact on the lives of our customers and our communities. Today, MetLife continues its purpose "Always With You, Building a More Confident Future."

The Retirement & Income Solutions ("RIS") business is part of MetLife's U.S. Business. RIS delivers business-to-business retirement and benefit funding solutions in specialized financial and insurance markets.

RIS is a leading provider of longevity reinsurance for United Kingdom based employers, stable value products, structured settlements, annuities for employer sponsored plans and life insurance funding products. As part of the RIS Contracts team, this role works closely with the product, sales and legal teams to develop (and file, when applicable) reinsurance agreements, contracts and related documents for new and existing products.

This role is primarily responsible for working with the UK Reinsurance business by developing and reviewing reinsurance agreements, treaties, and performing both regulatory and product research. A secondary facet of this role will be to support other businesses within the RIS organization by developing contract forms, reviewing peer work and managing projects as a seasoned contract development specialist.

Key Responsibilities

• Assist in the preparation of complex detailed documentation including reinsurance agreements, treaties, term comparison summaries, and related documents for prospective longevity reinsurance opportunities in a fast-paced deadline driven environment.
• Prepare and maintain contract documentation, including operational process summaries, contract term comparisons, and collateral management documents for the benefit of the UK Reinsurance business team.
• Provide support and technical analysis in the translation of contract terms to support operational processes.
• Assist with the implementation of new technologies, including AI, to support RIS lines of business.
• Manage the procurement, distribution, storage and compliance tracking of all Non-Disclosure Agreements and Confidentiality Acknowledgements for the UK Reinsurance business.
• Support the Longevity Reinsurance business through analysis of new markets and opportunities.
• Provide technical support in analysis of critical new product ventures by performing research and due diligence and communicating implications to stakeholders.
• Assist in the analysis of proposed and enacted laws and regulations to identify required compliance activities.
• Demonstrate elevated level of impact and influence when collaborating with other internal MetLife departments or when negotiating with state insurance departments.
• Research and respond to internal and external customer questions regarding contract features and compliance.
• Develop and issue forms complex and hybrid product structures to support new and existing products within RIS. Prepare filing submission documentation, responses to insurance regulators' questions and requests, and negotiate approvals with state insurance departments
• Coordinate cross-functional projects; lead and assist on special initiatives requiring project management skills , as required .
• Collaborate with team to develop and maintain best practices from an efficiency and governance point of view.
• Provide training and technical support to team members, as required.
• Provide support to other lines of business as required.

Required Experience and Skills

• Bachelor's degree and 2+ years relevant experience or equivalent business experience of 4+ years.
• Expert level of contract knowledge and advanced technical writing skills and understanding of the insurance industry and product lines.
• Proficient in MS Office suite, including Excel, Word SharePoint, and Teams.
• Strong analytical, problem solving and research skills to handle complex issues with a ttention to detail, organizational skills and the ability to multitask.
• Self-motivated, flexible and enthusiastic with e xcellent oral and written communication skills with ability to engage constructively with associates of various disciplines and levels as well as with insurance department regulators .
• Outcome-focused and deadline oriented with strong interpersonal relationship skills and a strong customer focus.
• Strong interest in identifying and researching opportunities for continuous improvement, including digital/automated business solutions, integrating technology and process improvements.
• Knowledge of the regulatory requirements and procedures for the development and filing of compliant contract forms associated with longevity reinsurance, group life and annuity business.
• Interest in managing projects and reviewing work.

Preferred Experience

• JD or MBA
• 5+ years of solid contract development, compliance, or relevant business experience; or 3+ years as attorney .
• Knowledge of and prior experience in the longevity reinsurance marketplace.
• Knowledge of Pension Risk Transfer business defined benefit plans and ERISA is a plus.
• Experience using SERFF.

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.

Location Expectation: This is a hybrid role requiring a minimum of 3 days per week in office.

The expected salary range for this position is $73,000 - $97,400. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.

Benefits We Offer

Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!

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.

$73,000 - $97,400


Requisition #: 14375

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