Job Details

Contract Development Consultant

Company name

Metropolitan Life Insurance Company - MetLife

Organization Type

In-House

Job Type

Legal Staff

Date Last Verified

Nov 13,2019

Valid Through

Feb 26,2020

Posted on

May 16,2019

Years of Experience

Min 3 yrs required

Location

New York City, NY, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Contract Law >> Contract Law
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Profile

Contract Development Consultant
The candidate will develop moderately complex contract related forms and agreements for existing and new pension risk transfer business. These forms primarily include group annuity contracts, contract amendments, and annuitant certificates. Prepare detailed proposal letters for pension risk sale opportunities. Analyze multiple sources of information, including plan specifications and census data, in order to identify the pertinent facts that describe the group annuity benefits to be purchased under a group annuity contract. Partner with the RIS actuarial, legal, sales, marketing, pricing, and/ or administrative teams, as needed, to identify product specifications and the appropriate contract requirements. Research and respond to internal and external customer questions regarding contract features and compliance. Analyze contracts and review applicable laws and regulations to ensure contract forms are filed in compliance with state insurance departments. File and negotiate final form approvals with state insurance departments. Establish a good working relationship with insurance regulatory personnel to expedite the form approval process. Prepare annuity listings to be attached to the contract documents. Support internal and external partners regarding contract provisions, related form filings, product use and availability, and applicable legal requirements. Paralegal or similar legal experience is required. Should have 3+ years of contract development, compliance, legal, or relevant business experience. Must have proficiency in Excel and Microsoft Word. BS/BA degree strongly preferred. Knowledge of defined benefit plans and ERISA requirements for US Pensions business is a plus. JD is a plus.

Additional info

Requisition #: 109231

Company info

Hiring Coordinator
Metropolitan Life Insurance Company - MetLife
200 Park Avenue
New York City, NY 10166

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