AVP & Actuary (Insurance & Product Risk Management)

Description and Requirements

AVP & Actuary, Insurance and Product Risk Management

Location: Bridgewater NJ; NYC; St. Louis, MO

Setting: Hybrid (3-days in the office)

Reports to: VP Chief Risk Officer - Retirement & Income Solutions

Department: Global Risk Management (GRM) oversees MetLife's financial and non-financial risks to support responsible growth and ensure we deliver on our promises to customers and stakeholders.

GRM achieves this through proactive advice, independent and effective challenge, and the implementation of strong guardrails.

The Insurance and Product Risk Management (IPRM) team within GRM establishes an enterprise-wide framework for managing insurance and product risks.

MetLife applies globally consistent pricing standards, jointly defined by Risk and Finance, which all pricing actuaries must follow.

These standards ensure products are evaluated to optimize capital allocation, prioritize offerings that create shareholder value, and support MetLife’s profitability goals while maintaining acceptable risk levels.

The Role

The AVP & Actuary, Insurance and Product Risk Management will provide insurance and product risk oversight for Retirement & Income Solutions (RIS) segment, focusing on product risk management, pricing governance, and strategic risk analysis.

This role partners closely with cross-functional teams to maintain robust risk frameworks and deliver actionable insights that drive sound business decisions.

Key Responsibilities

• Lead risk assessments and product/pricing reviews across all RIS offerings, partnering with business units to ensure risks are understood, priced appropriately, and mitigated effectively.
• Review and challenge key assumptions, including mortality, longevity, policyholder behavior, expenses, and investment margins.
• Conduct stress testing, scenario analysis, and emerging risk reviews. Assess product profitability under varying market and behavioral conditions.
• Peer-review models and challenge ALM strategies supporting the portfolio of products.
• Embed strong governance controls and risk management practices into product strategy.
• Communicate complex risk issues clearly and deliver actionable recommendations to senior management.

Essential Business Experience and Technical Skills

• Fellow of the Society of Actuaries
• 10+ years of experience in retirement product development or retirement financial modeling.
• Experience in life and retail annuity product development or financial modeling is a plus.
• Strong technical expertise and broad business acumen, with ability to manage multiple diverse projects simultaneously.
• Proficiency in Asset Liability Management (ALM).
• Exceptional organizational, mathematical, and analytical skills, including actuarial modeling capabilities.
• Ability to build partnerships and foster teamwork across diverse stakeholders.
• Ability to work independently while managing multiple priorities effectively.
• Skilled at navigating conflict and balancing perspectives to drive progress.
• High adaptability and agility in a dynamic environment.
• Willingness to be available outside standard work hours when necessary.

The expected salary range for this position is $180K to $215K. 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 "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™, as well as the 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 our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - 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, uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law.

If you need an accommodation due to a disability, please let us know. 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.