Actuarial Lead

Country: India

Working Schedule: Full-Time

Work Arrangement: Hybrid

Relocation Assistance Available: Yes

Posted Date: 09-May-2025

Job ID: 8575

Description and Requirements

Summary of Position Responsibilities:

The Modelling & Actuarial Solutions (M&AS) team is responsible for delivering actuarial modelling solutions in accordance with enterprise & regional objectives by building robust, scalable actuarial solutions. This role is responsible for working within the M&AS: Global Systems Development (GSD) Team to develop and deliver Prophet global libraries for internal regional MetLife customers.

This will involve:

• Supporting the Prophet Asset Liability Strategies Library through the software development life cycle
• Providing support to customers on the above libraries through:
  • Responding to queries
  • Reviewing model setups as required
  • Hot fixes to requirements and issues (subsequently integrating them into the library)
  • Documentation and training
• Collaborating with M&AS Teams, Other Actuarial Teams, and IT to develop Prophet models
• Working with all Customers to provide a seamless experience in using the above-mentioned global libraries

Key Working Relationships:

ALM Team; Modelling & Actuarial Solutions Regional Teams; IT; FIS

Principal Accountabilities of Position:

Key Responsibilities:

• Manage and maintain Prophet ALS library to serve customer requirements:
  • Interacting with Customers to understand evolving requirements
  • Involved in the development, testing, and documentation of all changes to the global libraries
  • Manage merges of new FIS library releases into existing versions
• Build Prophet models in line with MetLife’s Modelling & Actuarial Solutions Prophet coding standards
• Perform testing activities to provide quality assurance to the customer
• Continuously engage with Customers to help resolve queries and provide expertise wherever needed

Key Performance Indicators (KPIs) of Position:

• Making sure the ALS global library is developed to specifications and tested to be aligned with MetLife Actuarial Practice Standards
• Training and documentation are sufficient to ensure that Customers and Team members can upskill
• 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 senior leadership team

Essential Experience, Skills and Competencies:

Nearly qualified actuary from a recognized professional body or qualified by suitable experience.

• 6+ years of actuarial experience
• Ability to find solutions within agreed timescales
• Excellent ability to communicate in English, (both written and verbal)
• Good business acumen
• Exposure to actuarial modelling software (preferably Prophet)

Advantageous Skills and Experience:

• Ability to program in various mainstream languages
• Knowledge of other modelling platforms, for example Python, MG ALFA, etc. or strong programming skills (mainly VB, VBA, C++)
• Knowledge of financial reporting in Solvency II, IFRS17, Economic Capital and Embedded Value
• Experience in ALS development, extended formulate and asset modelling knowledge

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!