AVP & Actuary

About the role

The AVP and Actuary will own the Insurance Risk Economic Capital (EC) framework and oversee actuarial assumptions, providing independent review and challenge of actuarial assumptions, including increasing use of AI and advanced analytics in assumption setting. This role will lead the transformation of EC processes from manual, spreadsheet-driven workflows to automated, scalable, and insight-driven capabilities.

Responsibilities

• End-to-End Ownership of Economic Capital
• Own the Insurance Risk EC framework, including reporting, planning, methodologies, and outputs.
• Ensure EC results are accurate, timely, and decision-useful, with strong governance and auditability.
• Serve as the central point of accountability for EC across Insurance Risk and Actuarial stakeholders.
• Continuously evolve EC methodologies to reflect changes in business strategy, products, and risk profile.
• Modernize EC Reporting & Production
• Lead the transformation of EC reporting toward automated, controlled, and scalable processes.
• Significantly reduce reliance on manual spreadsheets and fragmented workflows.
• Establish sustainable production processes with clear controls, data lineage, and documentation.
• Foster a shift from production-focused work to insight-driven analysis within the team.
• Own and Enhance EC Planning & Projections
• Own the EC planning process, including projection of capital aligned with business plans and strategic initiatives.
• Improve efficiency, consistency, and transparency of forward-looking capital analysis.
• Enable scenario-based and dynamic capital planning, supporting decision-making across the organization.
• Incorporate AI and Emerging Risks into EC
• Own the approach for integrating AI-related risks into the EC framework.
• Ensure risks such as model instability, bias, and data drift are appropriately reflected in capital assessments.
• Evolve practices over time as AI usage expands.
• Actuarial Assumption Review & Challenge
• Provide independent review and challenge of key actuarial assumptions, including mortality, morbidity, and PHB behavior assumptions.
• Evaluate assumption-setting methodologies, experience studies, and use of advanced analytics and AI models.
• Ensure assumptions are appropriate, explainable, and aligned with observed experience and forward-looking risks.
• Cross-Functional Leadership & Influence
• Work closely with Actuarial, Product, Finance, Capital Management, and Modeling teams.
• Act as a bridge between risk, business, and technical teams, enabling alignment and execution.
• Influence senior stakeholders through clear communication of complex risk and capital insights.

Requirements

• 10+ years in insurance, actuarial, or risk management role
• FSA/ASA (or equivalent) strongly preferred
• Strong understanding of: Economic capital frameworks, Actuarial assumptions and experience studies, Insurance product risks
• Experience improving or transforming reporting, modeling, or analytics processes
• Familiarity with: Data and analytics tools (e.g., Python, visualization tools), Automation approaches, AI / advanced analytics concepts
• Strong analytical, problem-solving, and communication skills

Preferred Qualifications

• Strong sense of ownership and accountability for critical enterprise processes
• Comfortable challenging actuarial assumptions with credibility and independence
• Curious and forward-looking, with interest in AI, analytics, and evolving risk practices
• Collaborative leader who can influence across functions without direct authority

Location Expectation

This is a hybrid role requiring a minimum of 3 days per week in office. The expected salary range for this position is $165,000 to $218,000. 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 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

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!

Equal Opportunity Employer

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 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. 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.