Actuarial Specialist

Description and Requirements

Position Summary

MetLife, one of the world’s leading financial services companies, offers insurance, annuities, employee benefits, and asset management to individual and institutional customers.

MetLife Global Operations Support Center (GOSC), part of Global Technology & Operations, provides MetLife with a strategic advantage through its world-class infrastructure, operating practices, and highly skilled workforce.

This role shall provide an opportunity to work in areas such as Valuation and Reporting (Statutory, US GAAP, IFRS17, Solvency II, Local Stat.), Reinsurance, Product Peer Review, Modeling, Experience Studies, ALM, etc. The team is aligned across regions (US, EMEA, and Asia) and will provide exposure to learn and interact with Global and Regional Chief Actuaries.

Job Responsibilities

To ensure delivery of below objectives (exact combination would depend upon role alignment):

• Support the actuarial valuation of liabilities on a monthly and quarterly basis.
• Oversee valuation and engage with stakeholders to test, analyze, and quantify impacts of variable changes.
• Responsible for the production and analysis of results across different valuation bases and reporting requirements.
• Ensuring compliance with regulations and responsible for audits, regulators' requests, and other related tasks.
• Provide explanation and analysis of results to leaders, including the production of written reports.
• 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 and product implementations.
• Provide support in managing US GAAP valuation and reporting.
• Develop and support the team in areas such as automation projects.
• Active involvement in UAT testing and valuations of new products.

Key Performance Indicators:

• Error-free preparation of financial reports within required timelines and relevant actuarial standards.
• Work on ongoing enhancements/developments to improve/simplify/automate the reporting process.
• Contribute towards building a culture of collaboration, engagement, and trust while supporting the professional development of team members.
• Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications.
• Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to the leadership team.
• Execution of second-line data validation and completeness checks complying with actuarial and audit standards.

Education, Technical Skills & Other Critical Requirements

Education:

• Should be a graduate, preferably in a numerate stream.
• Minimum 3 actuarial exams.

Experience:

• Minimum 2 years of actuarial experience.

Technical Skills:

• An understanding of actuarial reporting software.
• Awareness of Solvency II, IFRS, Economic Capital, US GAAP, and Embedded Value. Knowledge of reserving, local insurance laws, and regulations would be beneficial.

Other Critical Requirements:

• Strong oral and written communication skills.
• Respectful of deadlines, discipline, and process, yet flexible and pragmatic.
• Aptitude for finding creative solutions to problems and challenging preconceptions.
• Attention to detail.
• Good business acumen.

About MetLife

Recognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World’s 25 Best Workplaces™, 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 our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services.

At MetLife, it’s All Together Possible. Join us!