What are the responsibilities and job description for the Associate Director - Inv Portfolio Management position at MetLife?
Location(s)
- Posting Location: Whippany, New Jersey
City/Cities
Whippany
Country
United States
Working Schedule
Full-Time
Work Arrangement
Hybrid
Travel Required
10%
Relocation Assistance Available
No
Posted Date
27-Feb-2025
Job ID
6796
Description and Requirements
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 #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.
The salary range for applicants for this position is 116000 - 154600.
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!
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 2024 "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™ for 2024, as well as the 2024 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 empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible. Join us!
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™ for 2024, as well as the 2024 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 empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible. Join us!
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.
116000 - 154600
