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Associate - Inv Portfolio Management
- MetLife (Whippany, NJ)
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Role Value Proposition:
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. We’re united by our purpose to help our customers and each other create a confident future; we’re guided by empathy; and we’re inspired by each other to make a difference in the lives of our coworkers, customers, communities, and the world at large. At MetLife, it’s [1] #AllTogetherPossible. Join us!
The Associate role within the MetLife Insurance Investments (MII) team is responsible for portfolio optimization through expert understanding and use of the solver model, supporting a broad range of MetLife products, with a primary focus on Pension Risk Transfer. The Associate will partner closely with representatives from the US Business segment, MetLife Investment Management (MIM), and MII.
Key Responsibilities:
* Execute portfolio optimization by adhering to established procedures and governance frameworks, leveraging the solver model, and applying advanced numerical optimization expertise to address pricing requests for U.S. Business products, such as Pension Risk Transfer (PRT), Bank-Owned Life Insurance (BOLI), Guaranteed Investment Contracts (GIC), and Registered Index-Linked Annuities (RILA).
* Collaborate closely with U.S. Business representatives to gain a clear understanding of pricing request context, associated constraints, and product timelines.
* Oversee the Assets-In-Kind review process and recommend optimal asset selections and hedging strategies for Pension Risk Transfer.
* Develop and implement interim portfolio strategies for Pension Risk Transfer.
* Liaise with MIM Insurance Asset Management (IAM) team to implement new business investment strategies and integrate them into the optimization model.
* Lead development of and/or present investment-related presentation materials to governance committees.
* Proactively identify opportunities to enhance the existing model and reporting framework to deliver improved pricing outcomes.
* Handle business-as-usual periodic internal reporting.
Essential Business Experience and Technical Skills:
Required:
* Numerical optimization experience - the ideal candidate must demonstrate a solid understanding of mathematical optimization principles and their practical application.
* Strong quantitative skills and knowledge of Microsoft Excel, including VBA
* Experience using Bloomberg
* Strong interpersonal skills and ability to build partnerships and work in a team environment
* Excellent communication, prioritization and multi-tasking skills in a fast-paced environment.
Preferred:
* CFA Preferred
* Bachelor’s degree preferred in Mathematics, Information Science, Economics, Finance, Accounting, or related field
* Asset-liability management experience in insurance industry
* Experience using BlackRock/Aladdin and Murex
* 3 years of work experience at an insurance company or in financial services industry
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.
References
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Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [email protected]. 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.
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