What are the responsibilities and job description for the VP, Head of COLI/BOLI Product position at MetLife, Inc?
Description and Requirements
Join MetLife’s Retirement & Income Solutions team and help shape the future of financial security for millions. As the trusted market leader in institutional retirement, you’ll contribute to delivering $5.5 billion in annual benefits payments to almost one million retirees and beneficiaries. Here, you’ll work with annuities, risk solutions, and stable value products that help companies reduce risk and maintain financial strength while empowering individuals to retire with confidence. Join us to help solve today’s most complex retirement challenges and make a lasting impact on our customers’ lives.
Reporting to SVP, head of RIS Risk Solutions, the VP role plays a critical leadership role in our business. The successful candidate will be highly visible within the organization. The candidate will be responsible for the P&Ls of the well-established COLI and BOLI business and driving profitable growth in alignment with MetLife’s New Frontier strategy.
- Oversee performance outcomes across growth, retention, earnings, profitability for MetLife's COLI/BOLI business, in partnership with Investment, Finance, Risk, and Client Service functions
- Effectively manage complex client and broker relationships
- Develop and execute business strategy and make decisions to set pricing target and refine / sunset products, that meet both customer demands and shareholders' goals
- Recruit, manage and develop talent for COLI/BOLI business team while setting clear goals, operating rhythm, and accountability for delivery and outcomes
- Compliance with all applicable laws and regulations
- 15 years of insurance industry experience
- 10 years of progressive people leadership experience, including team management, succession planning and leadership of leaders
- Strong business knowledge of COLI/BOLI products
- Strong knowledge of Statutory, GAAP, and capital frameworks in Life Insurance
- Understands value drivers across the business, including the role of AI – financially, operationally, competitively.
- Bachelor’s degree in business, actuarial science, math, statistics, economics, or related discipline
- Professional credentials: FSA, FIA or CFA
- Proven experience in spearheading innovative strategies in insurance solutions, pricing methodologies, and market expansion.
- Track record of leading strategic transformations, including new product development, portfolio optimization, or risk transfer solutions.
- Strong relationships with banks, insurers, brokers, and regulatory bodies to navigate complex market landscapes effectively.
The expected salary range for this position is $217,500 - $290,000. 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.
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