Position: Vice President & Actuary, Insurance Risk
Job Location: Bridgewater, New Jersey
Department: The Insurance and Product Risk function within Global Risk Management function has as its primary responsibilities to provides second line of defense oversight services for key functions within product pricing, actuarial assumptions setting, valuation and allocation of capital to business segments. The team also sets and maintains Insurance Risk framework through the development of policies on management of Insurance Risk, enterprise standards for pricing products and for identifying, managing and quantifying insurance risk.
The Role: The VP Insurance Risk will lead a team whose primary responsibilities are to provide second line of defense oversight services for key actuarial functions, including the effective review and challenge of actuarial assumptions, experience studies and controls related to valuation. The team also sets policies, standards and frameworks for insurance risk management of the Enterprise.
In collaboration with SVP, Insurance Risk set global policies, framework and standards with respect to insurance risk measurement, management and monitoring across MetLife and monitor compliance.
With minimal oversight, provide second line of defense oversight for actuarial functions including the effective review and challenge of best estimate actuarial assumptions, experience studies, and controls related to valuation.
Learn and promote industry best practice on analytics for insurance risk and effective in-force product management to improve performance and / or reduce risk.
People management via developing talent, empowering individuals and management of diverse teams to drive engagement and performance. Address training needs and gaps for individuals and groups within group and among stakeholders.
Reports to: SVP, Insurance and Product Risk
Direct reports/team: Three direct reports, four total reports
Key Stakeholders: Actuarial, Valuation, Product / Pricing, Chief Actuaries, CFOs and CROs
FSA or equivalent.
15+ years of actuarial experience within insurance company or consulting.
Preferred experience in predictive analytics and knowledge of industry best practice in application in actuarial and insurance risk management strongly preferred.
Proven ability to work effectively with internal partners in Actuarial, Product, Risk and Finance organizations.
Broad knowledge of financial risk management, actuarial risks, understanding of emerging accounting and regulatory standards, and technology savvy forward thinking attitude with extensive strategic and business improvement experience.
A proven leader of people who is able to recruit and develop a top-notch team capable of supporting future growth. An executive who understands playing the catalyst role in a productive way.
Excellent presentation skills and experience in working with senior executives and operating unit companies in business planning and strategy development.
Has worked in fast-growth, global organizations. Hands on, yet extraordinarily strategic.
Ability to command credibility and influence outcomes at the highest levels; strong influencing skills and the ability to operate effectively within a decentralized, geographically dispersed organization.
Thinks Strategically Sets direction aligned to the companys strategy, applying external and global perspective to meet local and global needs.
Creates Partnerships Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
Seizes Opportunity Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.
Drives Results Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.
MetLife, through its subsidiaries and affiliates, is one of the worlds leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
We are one of the largest institutional investors in the U.S. with more than $605 billion in total assets under management as of March 31, 2019. We are ranked #43 on the Fortune 500 list for 2018. In 2018, we were named to the Dow Jones Sustainability Index (DJSI) for the third year in a row. DJSI is a global index to track the leading sustainability-driven companies.
Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate lifes twists and turns. Visit us at www.metlife.com to learn more about our brand, history, and values.
MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
MetLife maintains a drug-free workplace.
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