Actuarial Lead

City: Noida

Country: India

Working Schedule: Full-Time

Work Arrangement: Hybrid

Relocation Assistance Available: No

Posted Date: 19-May-2025

Job ID: 8867

Description and Requirements

The role involves supporting more senior actuaries who are:

• Responsible for the month-end entries for the reinsurance group for a number of countries within MetLife.
• Perform variance analysis and 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, models, and product implementations.
• Assist with the production of Local Statutory (IFRS 4) valuations for a number of countries within MetLife.
• Explain results to the Chief Actuary, including analysis of movement in reserves and intangibles in the Income statement.
• Cater to STAT and GAAP requirements for reporting and analysis for reinsurance.
• Perform research relating to queries raised by reinsurers, auditors, etc., and assist with preparing timely responses.
• Prepare monthly reports summarizing experience under all reinsurance treaties for the current month/YTD.
• Assist with the analysis of current and historical financial results for reinsurance business; design and prepare reports/studies that will enhance the analysis.
• Work with the regional stakeholders to handle all the deliverables for Monthly, Quarterly, and Annual reporting for Reinsurance business.
• Work on any ongoing enhancements/developments to improve/simplify/automate the reporting process.
• Communicate the settlements with other stakeholders like different reinsurers and the Finance Team.
• 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 the Noida-based team and stakeholders based in different geographical locations.
• Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to the senior leadership team.

About MetLife

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 All Together Possible. Join us!