Description

Summary of Responsibilities: 

To support the Group Pricing Actuary in carrying out high quality mathematical pricing and experience analyses for all relevant group products in order to ensure that pricing terms meet all relevant MetLife corporate and regulatory standards and also address customer needs and MetLife business requirements.

Principal Responsibilities: 

• Carry out pricing and experience analyses (quantitative and qualitative) on existing and new business / tenders, and draft for review relevant documents in a timely manner having regard to acceptable risks and quality of data / inputs.
• Develop and maintain pricing and experience analysis models and quotation databases in line with MetLife Actuarial Pricing Standards.
• Reviewing, analysing statistical data and preparing reports for the Group Pricing Manager.
• Applying mathematical principles on all group products to ensure pricing terms are met.
• Support the Group Pricing Actuary to ensure pricing terms meet MetLife corporate profitability targets and relevant corporate and regulatory standards, including high quality documentation.
• Support the Group Pricing Actuary on assessing pricing structures and benefit designs for new products and proposed product variations including reinsurance terms.
• Maintain satisfactory working relationships with pricing team members to support the above activities.
• Provide clear specification of data / requirements for pricing to relevant stakeholders.
• Meet required due dates for pricing deliverables.
• Compile and maintain case files on scheme pricing decisions and assumptions.
• Develop and maintain strong working knowledge of the Superannuation and Group Insurance product and regulatory environment in Australia.
• Consult with relationship managers, product managers, underwriters, lawyers and claims managers where necessary to support the above.
• Share knowledge and skills with other staff.

Key Performance Indicators:

• Successful and punctual delivery of necessary inputs to support approval of pricing analysis in a fast-paced environment.
• Ensuring that recommended terms at all times satisfy MetLife corporate profitability targets and relevant corporate and regulatory standards, including high quality documentation.
• Paying due regard to competitive pressures affecting delivery timeframes.
• Maintaining adequate and complete records to satisfy audit trail requirements.
• Adhering to professional actuarial standards and MetLife core values and processes.

Dimensions:

• Role has impact on:

- Profitability

- Business growth

• Service quality (in a demanding market)

Knowledge/Skills/Competencies Required:

• Excellent analytical and creative problem solving skills.
• Good knowledge of practices, tools and techniques for effective pricing of insurance contracts.
• Strong research, mathematical and analytical and modelling experience.
• Skilled in managing large data sets used for statistical analysis.
• Excellent communications (oral and written), presentation and documentation skills.
• Excellent organizational and planning skills.
• Positive and flexible attitude to change.
• Ability to establish and maintain constructive business relationships, both internal and external. 
• Strong workflow management (time management and prioritisation).
• Self-reliant team player with the ability to work and collaborate with others in teams.
• Focus on and commitment to delivery of results.
• Accuracy and attention to detail.

Qualification Required:

• Degree in Actuarial Sciences, mathematics or related field.
• Some progress towards actuarial qualification is desirable.
• Excellent MS Office skills particularly Excel and Access.

Salary: $90,000 to $110,000 including super

What's in it for you? 

·       Great central location (when we return from WFH that is!)

·       Fantastic employee benefits including - flexible work arrangements, health & wellbeing allowance, access to corporate discounts through Perks at Work, additional purchased annual leave, super matching and free weekly fresh fruit.

·       Access to ongoing professional development, including study support and career progression within a leading global organisation. 

To apply, please send your resume to aupeopleculture@metlife.com

Applications close Thursday 24th February 2022

MetLife is proud to be an equal opportunity/affirmative action employer. We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce. It is the policy of MetLife to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity, or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information or any other basis protected by law.