Role Value Proposition:
We are seeking a Sr Benefits Calculation Analyst to join us in our Tampa office or to work remotely within the US. Key responsibility is to prepare and review pension benefit calculations by reading and interpreting contract language to find allowable options, eligibility requirements, and methods of calculation. Researches contract listings and other records to determine exact defined benefit purchased for annuitant. Troubleshoots mainframe calculations, develop, maintain, and possibly repair calculation spreadsheets in Microsoft Excel, and utilize other miscellaneous calculation tools. Interprets requests and interacts with other departments to obtain needed results, assists with building, testing and moving new products to production. As needed, assists with new sales of Closeout annuity contracts by reviewing contract for a calculation perspective. Work on special projects as assigned.
Key Responsibilities:
• Prepare and review pension benefit calculations within specified timeframes.  Locate contract specified in request; determine personal information and exact defined benefit purchased for annuitant, and cross- check annuitant’s request against contract rules, eligibility requirements, and parameters to determine allowable options.  Using appropriate method (spreadsheet, manual, etc) perform pension benefit calculations.  Send calculation to the checker to verify accuracy.  Upon receipt of calculation which requires review, verify the calculations’ accuracy and scan into the imaging system.  If inaccuracies are found, send back with explanation of the changes needed to analyst for recalculation.  Address follow-up questions from Administrative staff.
• Prepare contracts for automated calculation or build spreadsheet tool.  Review contracts to be loaded and interpret contract language to determine parameters.
• On a monthly or annual basis, utilize a standard rates program and generate needed rate tables for conversion options, lumps sums, or cash surrenders. Verify calculation methodology is clearly defined. Create and or review sample calculations.
• Confirm the calculation viability of newly sold contracts.  Review offer letters on new contracts to ensure calculation viability.  If additional verification is required submit questions to pricing or contract unit or client.  Review samples of calculation provided by client’s actuary. Provide conversion tables per contract.  Review final contract draft.
• Provide training to new benefit calculation analysts and administrators. Provide feedback and guidance to prevent future errors in submissions or calculation methods.
• Resolve calculation issues and build effective relationships with internal partners.  Make necessary modifications.
Essential Business Experience and Technical Skills:
Required:
• 3+ years of related experience
• HS diploma or equivalent (GED)
• Able to read and interpret defined benefit defined benefit contract language; understanding of pension products and operations, actuarial concepts and calculation methods
• Able to create, use, and repair calculation models in excel and perform calculations for Early retirement, late retirement, conversion of annuity form, and lump sums or cash settlements. Perform calculation for pre and post commencement deaths.
• Able to utilize Excel tools that may not be fully provisioned for eligibility rules, and review contract to ensure tool is used correctly.
• Able to work effectively independently and as a team player and to identify and meet customer needs
• Excellent organizational and time management skills, communication skills, analytical & math skills with attentio to detail
Preferred:
• Bachelor’s degree in Math, statistics, Finance, or Actuarial Scienc
Business Category
Group Operations – Life & Income Funding
Number of Openings
1
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:
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 $651 billion of total assets under management as of September 30, 2020. We are ranked #48 on the Fortune 500 list for 2020. In 2019, we were named to the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. DJSI is a global index to track the leading sustainability-driven 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.
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.
Requisition #: 115545