MetLife

Particular focus of the role includes:

·       Responsible for production and analysis of US GAAP and Local Statutory valuation results for countries within MetLife.

·       Take the results of models run centrally and submits these results to the USGAAP ledger/ valuation templates as part of a control process

·       Developing and delivering the US GAAP and local statutory actuarial valuation models for EMEA countries as per requirements.

·       Performing adequate checks and controls on the model built and ensure proper documentation is in place

·       Coordinating with different actuarial teams like GAM, Regional chief actuary’s team, Finance team, SII team etc to meet modelling and reporting requirements. 

·       Keep extending on understanding the existing US GAAP and local statutory valuation processes, models, and all relevant concepts around GAAP / regional statutory valuation.

·       Develop strong working relationships and strategic partnerships with internal clients (e.g.sub-regional leads and actuaries) to ensure a high degree of customer satisfaction

·       Guiding, assisting, and training new team members as and when needed. 

·       Providing technical support to team members

·       Support additional financial research, governance, controls, actuarial methods and standards used within assigned sub-region

·       Review work produced by team, manage project timelines and ensure critical focus on good quality delivery 

·       Liaison with Financial Controllers to ensure suitable and consistent reserving and accounting practices

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

Principal Accountabilities of Position:

Local statutory & USGAAP: 

·       Timely and accurate delivery and analysis of the US GAAP and local statutory valuation balance sheet.

·       Accurate testing of the models built

·       Explanation of the results particularly the movement in local statutory valuation results, and in USGAAP.

·       Liaison with Regional Chief Actuary, Financial Controllers to ensure suitable and consistent reserving and accounting practices.

·       Interaction with Internal and External Auditors as required.

·       Execution of any compliance control applicable to the region(s) like SoX controls and other signoffs. 

·       Error free, clear communication of results via reporting templates, memos, reports or presentations.

·       Assist Actuarial lead to support the USGAAP / LDTI Reporting Manager and ensure critical focus on core deliverables throughout the course of the reporting year

Key Performance Indicators (KPIs) of Position:

• Error free preparation of financial reports to required timescales and relevant actuarial standards;
• Execution of second-line data validation and completeness checks to required actuarial and audit standards.
• Contributing towards good team morale and positive team engagement and professional development.
• Ensuring excellent communication between Noida-based team and stakeholders based in different geographical locations.

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