Retiree Life and Medical Product Manager – MetLife

Job Information

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    Salary Dollar less-than-30000 /
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    No. of Openings 1 opening

Job Description

Job Location: Bridgewater NJ or NYC (200 Park Ave)

Role Value Proposition:

Provide underwriting, reporting, and administrative services for new business and renewals of all PRB products, and in particular the Retiree Life Buyout (GLIFA) and Retiree Medical Buyout products. Work closely with the sales team across all states and other internal partners to position MetLife in the best way to succeed. This includes ensuring that profitability goals are met, and customer satisfaction is maximized.

Key Responsibilities:
• Calculate GLIFA annual term premium and lead quarterly GLIFA & Retiree Medical CFT exercise
• Work with sales team to ensure that new business quotes and renewals are rated appropriately
• Underwrite new business quotes by analyzing financial data and plan design information to determine whether to accept risk and at what premium level
• Serve as technical expert for PRB unit, specifically program maintenance of Cash Flow / ROI models
• Conduct periodic analysis of Retiree Medical inforce to help with prospective new business assumption setting
• Respond to broker and customer inquiries as GLIFA & Retiree Medical SME
• Updates databases with quote / sale, claim, and inforce information
• Responsible for completing implementation of Retiree Medical internal admin system
• Responsible for full maintenance of end-to-end Retiree Medical admin & inforce management
• Meets specific metrics and guidelines for completion of new business quotes

Essential Business Experience and Technical Skills:

• 10+ Years Group Insurance industry experience
• Bachelor’s degree or equivalent business experience

• Life / Annuity pricing experience Excellent creative problem-solving skills
• Strong analytical and documentation skills
• Proficient in Microsoft Office, especially Excel
• Strong written and oral communication skills

Business Category

US Business

Number of Openings


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.


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 $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine’s 2021 list of the “World’s Most Admired Companies.”

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

The wage range for applicants for this position is 121,400 and 161,800. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to 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.

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