Job Information
MetLife AVP, Individual Product Risk in New York
AVP, Individual Product Risk
City/Cities
New York
State(s)
New York
Country
United States
Working Schedule
Full-Time
Work Arrangement
Hybrid
Travel Required
10%
Relocation Assistance Available
No
Posted Date
26-Apr-2024
Job ID
2451
Description and Requirements
Duties: Perform corporate review in new insurance product development process. Analyze and challenge product design and assumptions, assess profitability metrics and risks, and approve new products developed globally. Manage product post-launch performance monitoring for products with material risks, and review, analyze and report key metrics to senior risk and finance management. Lead cross-functional teams globally in annual global risk review of incentive compensation plans. Submit review results to Chief Risk Officer and MetLife Compensation Committee of the Board of Directors. Analyze and provide guidance on pricing methodology for different investment strategies and new insurance reserve/capital regulations. Analyze products with high risks, applying knowledge of insurance products in Asian markets. Conduct global reinsurance research and strategy and identify opportunities for business growth, capital diversification and risk management.
Requirements: Bachelor's degree in Actuarial Science or Finance (willing to accept foreign education equivalent) plus six (6) years of experience performing life and health insurance product development or financial modeling or, alternatively, a Master's degree in Actuarial Science or Finance (willing to accept foreign education equivalent) and four (4) years of experience performing life and health insurance product development or financial modeling. Specific skills/other requirements: analyzing, modeling and managing financial products, investment and financial asset, including equity, fixed income and derivatives (2 years); developing life and health insurance products, focusing on Asian markets, and coordinating with teams on product design, pricing, risk management and post-launch performance review (2 years); conducting life and health insurance market research on customer needs, competitor products and insurance regulations (2 years); and leading multi-functional teams on large-scale projects and presenting to senior management (2 years). Must hold Fellow or Associate of the Society of Actuaries or Chartered Financial Analyst. Position requires 10% international travel to Asia. Hybrid - 3 days in office/2 days remote.
“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.”
#LI-DNI
The wage range for applicants for this position is $185,910.00 to $263,000.00. 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.
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 2023 "World's Most Admired Companies" as well as the 2023 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 (https://www.metlifecareers.com/ml/GreatPlaceToWork) . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at accommodations@metlife.com. 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.