Actuarial Specialist

Description and Requirements

Designation: Actuarial Lead

Job Location: Noida

Global Grade: 10-Assistant Manager

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

Key Responsibilities include:

• 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.
• Ensure compliance with regulations and manage audit requests and related tasks.
• Provide explanation and analysis of results to leaders, including the production of written reports.
• Perform variance analysis and manage research, resolution, and follow-ups for closure of open items.
• Support in specification and validation of new valuation methodologies and product implementations.
• 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 enhancements to improve, simplify, and automate the reporting process.
• Contribute to building a culture of collaboration, engagement, and trust while supporting the professional development of team members.
• Maintain strong focus on quality, timeliness, and effective communications.
• Take demonstrable ownership of work, flagging any issues to the leadership team.
• Execute second-line data validation and completeness checks complying with actuarial and audit standards.

Education:

Should be a graduate, preferably in a numerate stream with a minimum of 4 actuarial exams.

Experience: 3-4 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 and 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 and 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, we’re inspired to transform the next century in financial services.

At MetLife, it’s #AllTogetherPossible. Join us!