MetLife

Position Summary

MetLife, one of the world’s leading financial services companies, offers insurance, annuities, employee benefits, and asset management to individual and institutional customers. MetLife Global Operations Support Center (GOSC), part of Global Technology & Operations provides MetLife with a strategic advantage through its world class infrastructure, operating practices and highly skilled workforce. 

This role shall provide an opportunity to work in one of areas such as Valuation and Reporting (Statutory, US GAAP, IFRS17, Solvency II, Local Stat.), Reinsurance, Product Peer Review, Modeling, Experience Studies, ALM etc.  The team is aligned across regions (US, EMEA and Asia) and will provide an exposure to learn / interact with Global and Regional Chief Actuaries.  

Job Responsibilities

To ensure delivery of below objectives (exact combination would depend upon role alignment):

·        Support the actuarial valuation of liabilities on monthly and quarterly basis 

·        Oversee valuation and engage with stakeholders to test, analyze, and quantify impacts variable changes

·        Responsible for the production & analysis of results across different valuation bases, reporting requirements

·        Ensuring compliance with the regulation and responsible for audit, regulators request and other related tasks

·        Provide explanation and analysis of results to leaders including the production of written reports

·        Perform variance analysis & effectively manage research/resolution/follow-ups for closure of open items and explain results to the Reporting manager

·        Support in specification and validation of new valuation methodologies and product implementations

·        Provide support in managing US GAAP valuation and reporting 

·        Develop and support the team in areas such as automation projects

·        Active involvement in the areas of UAT test and valuations of new products

Key Performance Indicators:

·        Error free preparation of financial reports within required timelines and relevant actuarial standards;

·        Work on any ongoing enhancements/developments to improve/simplify/automate the reporting process including use of the new age AI tools

·        Contributing towards building a culture of collaboration, engagement, and trust while supporting the professional development of team members

·        Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications

·        Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to leadership team

·        Execution of second-line data validation and completeness checks complying to actuarial and audit standards

Education, Technical Skills & Other Critical Requirement

Education

·        Should be a graduate preferably in a numerate stream

·        Minimum 3 actuarial exams 

Experience 

(In Years)

·        Minimum 2 years of actuarial experience

Technical Skills

·        An understanding of actuarial reporting software

OR

·        Awareness of Solvency II, IFRS, Economic Capital, US GAAP and Embedded Value / Knowledge of reserving, Local Insurance Laws, regulations would be beneficial

Other Critical Requirements

·        Strong oral and written communication skills

·        Respectful of deadlines, discipline and process, yet flexible and pragmatic

·        Aptitude for finding creative solutions to problems, challenge preconceptions

·        Attention to detail

·        Good business acumen