Reinsurance Implementation Specialist

Description and Requirements
Role Value Proposition
Seeking a detailed-oriented and analytical Reinsurance Implementation Specialist to manage and support our reinsurance operations. This role is critical in ensuring the effective transfer of risk through reinsurance contracts, maintaining compliance with regulatory requirements, and optimizing our risk exposure. Responsible for the successful reconciliation and data management of participant indicative data and the technical implementation for new Pension Risk Transfer (Closeout) sales. The ideal candidate will have a strong understanding of insurance and reinsurance principles, excellent analytical skills, and the ability to collaborate across departments.
Key Responsibilities:

• Oversee and complete various reinsurance administrative tasks such as:

o Monthly Benefit Payment transfers
o Monthly Expense Allowance transfers
o Special quarterly benefit payment true up
o Working with the Global Reinsurance Admin and Reporting teams on any issues and discrepancies
o Working with reinsurance carriers on any benefit discrepancies
o Preparing the initial true-up and amendment census compare files based on case-specific quota share
o Working with the Investments team on any accounting adjustments
o Working with IT on Reinsurance Strategic projects and transfer automation

• Support Actuarial, Pricing, Reinsurance Admin and Finance teams with data and analysis for pricing, premium adjustments, reserving and reporting - including Gold Copy Policy list review and final data certification
• Ensure compliance with internal controls, audit requirements, and regulatory standards and maintain accurate records and documentation in applicable systems and databases.
• Ability to successfully reconcile participant indicative data and develop expertise related to the technical aspects of employee benefits and pension contracts
• Support Retirement & Income Solutions (RIS) initiatives and projects as needed through demonstrated knowledge of employee benefit and pension plans and systems used in their administration
• Working autonomously, utilize product knowledge to perform complex technical implementation and data management/reconciliation tasks for new Pension Risk Transfer (Closeout) sales that includes interpreting contracts provisions and reviewing initial contract drafts to verify that MetLife systems are capable to support the provisions and suggest system enhancements as needed
• Provide effective end-to-end support for IT process improvements
• Document potential improvements, develop recommendations for manager approval, coordinate with IT to document the business requirements, perform UAT and review test results

Essential Business Experience and Technical Skills:
Required:

• 4+ years of experience in Reinsurance Administration
• Proficiency with Microsoft Office tools, advanced in Microsoft Excel
• Excellent organizational, interpersonal, and communication skills, both written and verbal
• Ability to work autonomously, effectively manage multiple tasks, prioritize deadlines appropriately and remain flexible

Preferred:

• Pension and Retirement Benefits and/or Pension Risk Transfer Experience
• Experience with Alteryx
• Team leadership and team building skills
• Strong project management skills including problem solving, attention to detail, analytical thinking, and decisiveness

The expected salary range for this position is $80,000 - $102,000. 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 [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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liabilities.
$80,000 - $102,000