Actuarial Specialist

Description and Requirements

Job Title: Actuarial Specialist / Actuarial Lead

Department and Location: Actuarial - Noida, India

Summary of Position Responsibilities:

The Modelling & Actuarial Solutions (MAS) 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 MAS 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, Intex & Bermuda Infusion Libraries 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 MAS 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
• IT
• FIS

Principal Accountabilities of Position:

Key Responsibilities:

• Manage and maintain Prophet ALS, Intex and BI libraries 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:

• Ensuring the ALS and Intex global libraries are 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:

• Pursuing Actuarial exams from a recognized professional body or qualified by suitable experience.
• 3+ 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, Asset Modelling.
• Experience in ALS development, extended formulate and asset modelling knowledge.

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.

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