AVP, Insurance and Product Risk Management

Description and Requirements
Duties : Provide critical subject matter and technical expertise. Responsible for providing an enterprise-wide framework for managing insurance and product risks. Maintain and update the pricing standards that outline the methodology and guiding principles to be used for pricing - the key financial measures used for management review of pricing practices and the processes and reports required to be filed by the pricing teams for product approval. Manage key risk processes, including pricing guidance updates and interpretations and thought leadership on existing and emerging risks and insurance disclosures in regulatory and public documents. Drive harmonization between pricing guidance and the embedded value reporting function within the Actuarial, as well as engage with senior management within Pricing, Finance and GRM. Collaborate with product and local risk teams to monitor, quantify and manage product portfolio risk, as well as communicate key product risks to senior management for appropriate level of exposure within appetite and provide independent analysis review to the Head of IPRM for product and case review queries.
Requirements : Bachelor's degree in Actuarial Science or Mathematics (willing to accept foreign education equivalent) and ten (10) years of experience performing actuarial duties related to the Asian insurance market. Specific skills/other requirements (quantitative experience requirement not applicable to this section) -- must possess the following: Performing product reviews and risk assessment for products in international markets, including regulatory regimes with capital requirements based on market consistent approach such Japan ESR / Korea K-ICS / China C-ROSS; providing written guidance and recommendation for developing pricing standards to enable the company to prioritize and utilize capital most efficiently presenting final risk assessment result to senior finance and global risk management; performing review and work with pricing models developed using actuarial software, such as Prophet and ability to code using Visual Basic Application (VBA), Python and SQL. Must possess Fellow of Society of Actuaries certificate.
Work Arrangement : Virtual
"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 wage range for applicants for this position is $185,640.00 to $268,300.00 per Year. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.
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The expected salary range for this position is $185,640 - $268,300. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
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!
About MetLife
Recognized on Fortune magazine's list of the 2025 "World's Most Admired Companies", Fortune World's 25 Best Workplaces™ for 2024, as well as the 2025 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!
MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
If you need an accommodation due to a disability, please email us at [email protected]. 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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liabilities.
$185,640 - $268,300