Senior Actuarial Analyst

Description and Requirements

Job Purpose:

Responsible for supporting local statutory valuations (IFRS4/IFRS17) and quarterly GAAP close of the Levant countries within regulatory deadlines. This includes clear explanations to various stakeholders and assisting in the review of new regulations related to actuarial, including impact analysis.

Carry out experience studies to propose best estimate assumptions for Statutory and GAAP Valuations. Provide any other support needed by the Levant Chief Actuary.

Job Responsibilities:

1. Carry out all work related to local Statutory Valuations (IFRS4/IFRS17) including:

• Getting all the reports and information from Home Office and other departments
• Support in completing all the Regulatory Forms
• Responding to queries from both Auditors and Regulators
• Coordinating the signing off on Regulatory forms from the Appointed Actuary
• Ensuring timely submission to the Regulator within the deadline

2. Full Support on Quarterly/Monthly US GAAP Valuation including:

• Ensuring that all data has been provided to the Production unit on time
• Reviewing all Actuarial Entries, comparing with prior quarters
• Conducting reasonability and trend analysis
• Supporting the Levant Chief Actuary in explaining the results to management

3. Support the Levant Chief Actuary on the following:

• Updating the Actuarial policies, procedures, and controls
• Preparing actuarial reports and complying with other actuarial reporting obligations required by law
• Advising on, monitoring, investigating, and reporting on the setting of premiums
• Monitoring solvency position for Levant and the risks affecting liabilities to policyholders
• Keeping up-to-date on local regulatory developments related to Actuarial Valuation and Solvency Requirements

4. Carry Out Annual Experience Studies:

• Including Mortality, Lapse, Expense, Interest, and Premium Persistency
• Coordinating with relevant departments to get the information and reports
• Comparing the results with prior years and reviewing for significant change
• Proposing Best Estimate Assumptions for local Statutory and GAAP Valuation

5. Recommend Policyholders’ Bonuses to the Levant Chief Actuary.

6. Ensure proper documentation of all work.

7. Comply with MetLife code of conduct.

8. Be flexible and a team member to support other areas whenever needed.

9. Establish working relationships with the Production Team and other Departments to ensure timely numbers and their explanation.

Job Requirements:

• At least 2 exams completed in the track to be an Associate of US Society of Actuaries or UK Institute of Actuaries or equivalent
• 7+ years of total experience including at least 4 years in Actuarial Valuation
• Strong communication and multi-tasking skills
• Team-oriented and flexible
• Fluent in English and Arabic
• Fluent in the local language will be an advantage
• Computer literate including Excel, Word, and PowerPoint
• Knowledge of Local Valuation Regulations

About MetLife

Recognized on Fortune magazine's list of the "World's Most Admired Companies," MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies. We provide 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 to help our colleagues, customers, communities, and the world create a more confident future. United by purpose and guided by our core values, we’re inspired to transform the next century in financial services.