MetLife Careers – Contract Development Consultant

Website MetLife

Job Description:

The Retirement & Income Solutions (“RIS”) business is part of MetLife’s U.S. Business. RIS delivers business-to-business retirement and benefit funding solutions in specialized financial and insurance markets.

RIS is a leading provider of stable value products, structured settlements, annuities for employer sponsored plans and life insurance funding products. As part of the RIS Contracts team this role works closely with the product, sales and legal teams to develop and file contracts and related documents for new and existing products.

This role is primarily responsible for developing, filing with regulatory authorities, and issuing forms for the RIS organization. Forms primarily include contracts, amendments, certificates, letters of agreement and separate account memoranda of operations.

Job Responsibilities:

  • Support regulatory filings, using primarily the SERFF (including Interstate Insurance Compact) electronic filing systems and recordkeeping requirements for the group.
  • Prepare filing submission documentation, prepare responses to insurance regulators’ questions and requests, and negotiate approvals with state insurance departments. Establish a good working relationship with insurance regulatory personnel to secure timely approval that addresses product and compliance needs.
  • Assist in the analysis of proposed and enacted laws and regulations to identify required compliance activities.
  • Analyze multiple sources of information, including plan specifications, in order to identify the pertinent facts that describe the arrangement to be purchased.
  • Develops and issues forms ranging from moderately complex product structures to very complex and hybrid product structures to support new and existing products within RIS. Determine variations in forms to ensure compliance with applicable laws and regulations.
  • Research and respond to internal and external customer questions regarding contract features and compliance.
  • Ability and willingness to learn responsibilities other than those listed here and to assist with assignments for other team member business areas, when needed.
  • Participate in special compliance, product developmentand team projects on an as needed basis.
  • Collaborate with internal business partners to identify product specifications, contract and legal requirements, form filings and product use availability.
  • Provide technical support in analysis of new product ventures and due diligence.

Job Requirements:

  • Strong interest in identifying opportunities for continuous improvement, including digital/automated business solutions, integrating technology and process improvements.
  • Self-motivated, flexible and enthusiastic.
  • Strong analytical, problem solving and research skills.
  • Strong team player and collaborator
  • Ability to interact and work collaboratively and constructively with people at various levels within RIS and with regulatores at state departments of insurance .
  • Bachelor’s degree or equivalent business experience.
  • Outcome-focused and deadline oriented.
  • Proficient in MS Word, Excel and PowerPoint, and Adobe Acrobat.
  • Attention to detail, organizational skills and the ability to multitask.
  • Excellent oral and written communication skills with ability to engage constructively with associates of various disciplines and levels as well as with insurance department regulators.
  • Paralegal or similar legal experience.
  • 5-7 years of contract development, compliance, legal or relevant industry experience.
  • Group life insurance experience a bonus.
  • Experience managing projects

Job Details:

Company:  MetLife

Vacancy Type:  Full Time

Job Location: Utica, NY, US

Application Deadline: N/A

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