Senior Actuarial Associate

Description and Requirements

Role Overview

The role supports actuarial reporting and analysis across MEA countries under both IFRS 17 and US GAAP. Reporting to a senior actuary, the candidate will deliver valuation and financial reporting analysis, strengthen end-to-end controls, and support quarterly close and audit processes in partnership with the regional US GAAP team and local stakeholders.

Key Responsibilities

• US GAAP Reporting
  • Support the central US GAAP team with valuation and reserve analysis for MEA entities, including AI initiatives, various issues which need working with both local team and central team.
  • Support the MEA US GAAP lead with analysis of US GAAP earnings and key P&L drivers; help prepare clear explanations and management-reporting narrative for stakeholders.
  • Support experience analysis (mortality, lapses, expenses and other drivers as applicable) and contribute to setting and governance of US GAAP assumptions, including documentation and change impact analysis.
  • Support the US GAAP quarterly close in partnership with the regional US GAAP team (deliverables, reconciliations, and controls), including DAC / LDTI analysis where relevant, coordination with modelling/IT on model changes, and timely responses to auditor queries.
• IFRS17 Support & Consolidation
  • Produce and review IFRS 17 valuation and financial reporting outputs across MEA entities, including completeness checks, reconciliations, and governance over period-end deliverables.
  • Coordinate with Finance to translate actuarial outputs into IFRS 17 journals, disclosures and reporting packs; support close timetables and resolve reconciliation issues from model output through to the general ledger.
  • Support IFRS 17 delivery in Levant countries, including assumptions governance, results review, movement analysis, disclosure support, and responses to audit and regulator queries:
    • Lebanon: Period-end IFRS 17 production and review, audit support, and regulatory submissions aligned to agreed timelines.
    • Jordan & Egypt: Support inspections and remediation of submission backlogs; improve handoffs and reconciliation processes with controllers and finance.
• Assumptions Management
  • Centralize assumption update and review processes across Gulf, Levant, Ukraine, and Turkey for both IFRS 17 and US GAAP.
  • Coordinate with local teams to develop, document, and propose assumptions to Chief Actuaries, ensuring appropriate governance and consistency across reporting bases where required.
  • Assess and explain the impact of assumption changes on IFRS 17 (including CSM and liability movements) and US GAAP (including reserves and earnings), and support incorporation into models and reporting.
• Expense Unitization
  • Centralize expense unitization across all MEA countries.
• Controls & Risk Management
  • Strengthen actuarial controls across all countries and bases.
  • Partner with risk teams to implement robust risk frameworks for actuarial processes.
  • Ensure issues are addressed and cross-checked across regions.
• Change Management
  • Manage all change requests submitted to MAS (Modelling and Actuarial Solutions).

Required Skills & Qualifications

• Associate of the Society of Actuaries or Institute of Actuaries
• 6+ years of experience
• Strong working knowledge of IFRS 17 actuarial reporting (measurement, CSM analysis, movements, and disclosures) and ability to explain results to Finance and auditors.
• Strong working knowledge of US GAAP valuation and financial reporting, including reserve and earnings analysis, experience studies and assumption setting, and quarterly close and audit support (DAC / LDTI where applicable).
• Strong analytical skills with demonstrated ability to investigate movements, reconcile results across systems, and deliver clear, audit-ready explanations.
• Ability to run cross-country reporting processes end-to-end, coordinating with local actuarial teams, Finance, Operations, Modelling and IT to meet close timelines.
• Clear written and verbal communication skills to present technical actuarial outcomes, key drivers, and issues to senior actuarial leadership, Finance, and auditors.

Preferred Experience

• Regional exposure across MEA markets.
• Hands-on experience with assumption setting governance and experience studies, including communicating impacts under IFRS 17 (CSM/movements) and US GAAP (reserves/earnings).
• Experience supporting period-end close and audit processes for IFRS 17 and/or US GAAP, including control evidence, reconciliations, and responding to auditor questions.

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 #AllTogetherPossible. Join us!