Actuary, Insurance & Product Risk Mgmt

MetLife; Bridgewater (MA); On-site; USD 116,000 - 155,000; Full time

Benefits offered by this job

Health plan

Disability insurance

Life insurance

401(k) with employer matching

Retirement pension

Group discounts

Job summary

MetLife is seeking an Actuary for Insurance and Product Risk Management within the Retirement & Income Solutions (RIS) segment. You will oversee risk, pricing governance, and strategic risk analysis across Pension Risk Transfer, Structured Settlements, Longevity Reinsurance, and related products.

You will partner with cross‑functional teams to maintain robust risk frameworks, challenge actuarial assumptions, and drive informed business decisions.

Qualifications

• Fellow of the Society of Actuaries (FSA) with 5+ years of insurance or consulting experience.
• Strong actuarial expertise with broad business acumen and strategic thinking.
• Advanced analytical, mathematical, and actuarial modeling capabilities.
• Proven ability to build partnerships across stakeholders and foster teamwork.
• Self‑motivated and adaptable, with the ability to manage multiple priorities in a dynamic environment.

Responsibilities

• Conduct risk assessments and product/pricing reviews across RIS offerings, ensuring risks are identified, understood, and appropriately mitigated.
• Review and challenge key actuarial assumptions, including mortality, longevity, policyholder behavior, expenses, and investment margins.
• Perform stress testing, scenario analysis, and emerging risk evaluations to assess product profitability under varying conditions.
• Evaluate actuarial models and asset‑liability management (ALM) strategies to support sound product and portfolio performance.
• Strengthen risk governance by integrating risk management practices into product strategy and providing clear, actionable recommendations to senior leadership.

Skills

Actuarial Expertise

Cross‑functional Collaboration

Analytical Skills

Modeling Capabilities

Strategic Thinking

Job description

Join our Global Risk Management Group, where you’ll play a key role in safeguarding the company, ensuring we deliver on our commitments to customers and stakeholders, and driving responsible growth. As part of our team, you’ll identify, monitor, and mitigate both financial and non-financial risks across the organization. Leverage your expertise as the second line of defense to advise our business on effective risk management strategies. This means challenging ideas, implementing robust controls, and enforcing guardrails to foster responsible business growth. Join us in advancing MetLife’s legacy of trust through exemplary risk management practices.

The Opportunity

The 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. The diverse RIS portfolio includes products such as Pension Risk Transfer, Structured Settlements, Longevity Reinsurance, Stable Value, Retail Annuity Reinsurance and other products. This role partners closely with cross‑functional teams to maintain robust risk frameworks and deliver actionable insights that drive sound business decisions.

Key Responsibilities

• Conduct risk assessments and product/pricing reviews across RIS offerings, ensuring risks are identified, understood, and appropriately mitigated.


• Review and challenge key actuarial assumptions, including mortality, longevity, policyholder behavior, expenses, and investment margins.


• Perform stress testing, scenario analysis, and emerging risk evaluations to assess product profitability under varying conditions.


• Evaluate actuarial models and asset‑liability management (ALM) strategies to support sound product and portfolio performance.


• Strengthen risk governance by integrating risk management practices into product strategy and providing clear, actionable recommendations to senior leadership.

Required Qualifications

• Fellow of the Society of Actuaries (FSA) with 5+ years of insurance or consulting experience.


• Strong actuarial expertise combined with broad business acumen and strategic thinking.


• Advanced analytical, mathematical, and actuarial modeling capabilities.


• Proven ability to build partnerships, collaborate across stakeholders, and foster teamwork.


• Self‑motivated and adaptable, with the ability to manage multiple priorities in a dynamic environment.

Preferred Qualifications

• Experience in retirement product development or retirement financial modeling is a plus.


• Proficiency in Asset Liability Management (ALM).

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 $116,300 - $155,100. This role may also be eligible for annual short‑term incentive compensation. 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, paid time off, paid holidays, volunteer time off, tuition assistance and much more! For more information regarding MetLife’s U.S. benefits, please click here.

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.

As part of our New Frontier strategy, MetLife is building an AI-enabled, people-centered future. We’re looking for people who bring curiosity, adaptability, and a growth mindset as we use AI to enhance how we serve customers, support communities, and evolve the way work gets done. At MetLife, AI is a responsible partner that supports human judgment, creativity, and continuous improvement while helping us build trust, inclusion, and long-term value.

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 (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 [e-mail]. 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.

This posting is for a current vacancy and is anticipated to remain open for at least 90 days from the listed posting date.