Actuarial Specialist

Description and Requirements

Position Summary

The role involves supporting more senior actuaries who are engaged with various teams to coordinate and implement reporting.

• Execute monthly/quarterly valuation reporting and corresponding analysis for various MetLife Europe and Middle East countries.
• Support in specification and validation of new valuation methodologies, models, and product implementations.
• Provide explanation of results for the Chief Actuary review.
• Perform research relating to queries raised by auditors and assist with preparing timely responses.
• Work with regional stakeholders to handle all deliverables for Monthly, Quarterly, and Annual reporting for Reinsurance business.
• Work on ongoing enhancements/developments to improve/simplify/automate the reporting process.
• Implement changes/updates in process and regulations on an ongoing basis.
• Develop strong working relationships and strategic partnerships with internal clients and stakeholders.
• Ensure critical focus on core deliverables throughout the course of the reporting year.

Job Responsibilities

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 in different geographical locations.
• Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership.

Knowledge, Skills and Abilities

Education:

• A bachelor's or master's university degree with a heavy mathematical focus (e.g., mathematics, engineering, physics, computer science, financial economics).

Experience:

• 2-5 years of actuarial experience; a partly qualified fellow of the Institute & Faculty of Actuaries with relevant reporting experience and making good progress through the actuarial exams (circa CA1 level).

Essential experience, skills, and competencies:

• Meticulous in the validation, presentation, and communication of results.
• Respectful of deadlines, discipline, and process, yet flexible and pragmatic within a growing business.
• Capable of working autonomously or with a team, balancing own initiative with advice from others.
• Able to navigate through complex problems and organizations to achieve results and deliver solutions.
• Able to communicate complex issues to non-experts.
• Experience of USGAAP, Regulatory reporting, IFRS, Solvency II, and EV/VNB reporting would be preferred.
• Demonstrable experience of insurance products sold by MetLife globally is a distinct advantage.
• Recent practical experience of financial/actuarial modeling systems (Prophet would be a plus).
• Excellent Excel/VB/VBA skills (Prophet skills would be a plus).

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.