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Job Information
MetLife Associate Director - Inv Portfolio Management in Whippany, New Jersey
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 Director role is part of the MII team and is responsible for the management of investment portfolios, including collateral accounts, supporting a variety of MetLife general account products. The Associate Director will partner closely with representatives from the US Business segment, MetLife Investment Management (MIM), and MII.
Key Responsibilities:
Partner closely with US Business representatives to understand monthly collateral requirements associated with a variety of US business products
Identify the need to deposit / withdraw collateral from accounts and/or rebalance as necessary to maintain compliance with approved guidelines
Proactively seek opportunities to optimize use of collateral across entities / portfolios to ensure the most efficient use
As needed, initiate and monitor asset transfers with MII Investment Operations team for purposes or rebalancing and maintaining compliance
Liaise with MIM Insurance Asset Management (IAM) team to implement new business investment strategies and oversee portfolio rotations from premium receipt to ultimate target
Partner with MIM and MII Legal Departments to understand asset-specific eligibility for collateral posting, including public and private fixed income classes
Recommend changes to investment guidelines, as needed, through the ALM governance process and through collaboration with US Business team
Assist MII team in the development of investment strategies, hedging approaches, investment guidelines, and materials supporting annual Plan process
Provide guidance on potential attractive asset needs in support of new business pricing
Present and obtain approval through ALM Working Groups, ALM Committees, etc of shifts in new business investment / pricing strategy
Lead development of and/or present investment-related presentation materials to senior pricing approval committees
Design hedging strategies in connection with new business opportunities and partner with MIM on implementation
Partner with MIM on evaluation of asset-in-kind proposals and asset-in-kind onboarding
Essential Business Experience and Technical Skills:
Required:
Strong quantitative skills and knowledge of Microsoft Excel
Experience using BlackRock/ Aladdin and Bloomberg systems
Asset-liability management experience
Strong interpersonal skills and ability to build partnerships and work in a team environment
Excellent communication and prioritization skills
Ability to multi-task in a fast paced, less structured environment
Preferred:
MBA or CFA preferred
Bachelor’s degree preferred in Economics, Finance, Accounting, Math, or related field
6 years of work experience at an insurance company or in financial services industry preferred
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 accommodations@metlife.com. 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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