Thursday , February 9 2023

MetLife Careers – Senior Contract Development Analyst

Website MetLife

Job Description:

Develops and issues group policy contracts and amendments in order to achieve all regulatory compliance for international insurance products marketed by MetLife Worldwide Benefits Business. Performs forms filing and negotiates form approval with various state insurance agencies. Also consult with actuarial, legal, sales, marketing, underwriting, claims and administrative staff to identify product specifications and issue requirements in connection with product development, product updates and changes in laws and regulations.

Job Responsibilities:

  • Provide training to all new employees.
  • Researching and responding to Underwriter questions.
  • Process, cancel and update all related items as necessary in non-renewal of contracts.
  • Develops and analyzes moderately complex contracts and related forms and reviews applicable laws and regulations to determine variations in forms, laws, and requirements.
  • May provide technical support in the analysis of new product ventures and contract-related analyses required for due diligence activities.
  • Primary responsibility is for issuance of policies to new expatriate clients and amendments and riders to contracts with existing clients.
  • May participate in the analysis of product plan designs and provisions to ensure contract accuracy.
  • Learns aspects of generating group contract documents and maintains adequate file documentation according to procedures.
  • Plays a supporting role within the Worldwide Benefits UW & Contracts Department, providing support in implementing new business and renewal contract issuance.
  • Consults with customers and insurance departments seeking compliance for Worldwide Benefits contracts.

Job Requirements:

  • Demonstrated experience conducting and effectively summarizing research
  • Strong Customer Focus
  • Ability to effectively analyze and synthesize complex information
  • Experience navigating a matrixed business environment
  • Strong understanding of insurance industry, product lines, and policy provisions
  • Strong written and oral communication skills
  • Must have ability to work cross-functionally with peers and leaders from various lines of business as well as external agencies

Qualification & Experience:

  • Bachelor’s degree strongly preferred
  • Intermediate to advanced Microsoft Office software skills – Word, Excel, and PowerPoint
  • Broad knowledge of the regulatory landscape
  • 3-5 years of professional experience
  • Exposure to group benefit products and/or public sector/regulatory stakeholders a plus

Job Details:

Company: MetLife

Vacancy Type:  Full Time

Job Location: Wilmington, DE, US

Application Deadline: N/A

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