Actuarial Consultant

Description and Requirements

GG11 Role – UK Product

Job Location: GOSC-based

Role Value Proposition:

The role involves supporting the UK Product team on a wide array of fields including pricing, underwriting, product development, model development, financial reporting, experience analysis and working closely with other functions on actuarial tasks emanating from Employee Benefits, Individual Protection, and Wealth Management.

Key Responsibilities:

• Financial Modelling and Reporting:
  • Develop and maintain pricing, reporting, management information and quote models.
  • Accurately reflect all reinsurance arrangements and capital calculations in models.
  • Work with Global Employee Benefits, EMEA and other functions to ensure collaboration and success.
• Contribute to the Product Development Process:
  • Market research and pricing analyses.
  • Manage and complete all product approval documentation in conjunction with all stakeholders.
  • Calculate financial metrics and participate in experience analyses and assumptions setting.
  • Ensure a customer focus in all aspects of the actuarial control cycle.
• BAU Activities:
  • Work closely with other members of the Product team to support ongoing product management and monitoring, and reporting responsibilities.
  • Collaborate with other functions in the business.

Essential Business Experience and Technical Skills:

Required:

• Minimum Bachelor’s degree in Actuarial Science.
• Very strong technical background with MS Office, especially Excel VBA.
• The successful candidate must:
  • Pay attention to detail.
  • Take ownership and personal responsibility for delivering timely, high-quality work.
  • Be able to understand, question and challenge work undertaken.
  • Possess strong problem-solving skills.
  • Self-starter with ability to work independently, aptitude to investigate and understand problems in a time-efficient manner.
  • Effective multi-tasker.
  • Have good communication skills with the ability to interact with different stakeholders.
  • Good actuarial knowledge with strong drive to learn and improve continually.
  • Be able to source and collate data, draw conclusions and present findings.
  • Learn quickly from experience.

Preferred:

• Experience with Python, Alteryx, SQL, and other quantitative software packages.
• Working knowledge of the UK protection industry.
• Good progression with actuarial exams.
• Innovative and creative mind.
• Exceptional communication skills.

Global Grade: GG 11 – Unit Manager

Hiring Manager: Kapil Sachdeva/ Will Alder (State-side)

About MetLife: Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies" and Fortune World’s 25 Best Workplaces™ for 2024, 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. 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 empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible. Join us!