MetLife

Team: Regional Product Review / Product Pricing Actuary - AVP

Location: Asia Regional Office, Hong Kong

Role Value Proposition

• Perform independent peer review process for new / repricing products for Asia countries before launch, which includes
  • Review of the appropriateness of product design and identify associated risks / mitigations
  • Review of the appropriateness of all assumptions
  • Review of the profitability key metrics / sensitivity testing
  • Produce a peer review report in a timely manner based on the global template for management’s review / signoff
  • Design and implement effective risk controls
• Review and validate countries’ pricing models to ensure adherence to pricing methodology and approach. Develop deep understanding of countries’ statutory basis (reserve and capital regime) and how to reflect / impact in pricing
• Ensure financials and risks of the products are within the company’s appetite and compliant with definitions set by Corporate Office, and consistency between pricing and VNB reporting
• Work closely with countries on the post-launch monitoring metrics to ensure effective risk controls
• Coordinate monthly product update meeting between Regional, Corporate and Local Product team
• Participate in the Regional review of countries’ quarterly VNB reporting and annual experience studies
• Provide actuarial support on ad-hoc project for strategic markets to meet business needs
  • Provide designated countries with actuarial and technical support in product development and product innovation, pricing including modeling and model validation, and reinsurance arrangement
  • Develop and enhance the pricing models and tools for new product initiatives / repriced products for designated markets
• Provide technical guidance for the Employee Benefits business in Asia
  •  Independent peer review process for employee benefit quotes across Asia; review is an active process with the country teams.
  • Act as a Employee Benefit center of expertise providing technical advice, consultation, professional development and training to local actuarial, finance and underwriting teams

Preferred Qualifications / Experience:

• Pricing experience with strong modeling and technical skills, including Excel spreadsheet (VBA) and actuarial software (Prophet)
• Solid experience in product design and solution development, with exposure / deep understanding of different line of business (e.g., Life & Saving – Par, Non-Par, Unit-linked, Endowment / Wealth / Health / medical), preferably in multiple Asian markets
• Group pricing experience is a plus
• Stochastic modelling experience is a plus
• IFRS17 knowledge / experience is a plus
• Work with little and remote supervision from the Regional Office
• Strong analytic and strategic thinking capabilities
• Excellent oral and written communication skills with a strong ability to influence and be able to communicate efficiently with senior stakeholders
• FSA or equivalent credential