The Actuarial Associate will manage US GAAP and STAT reporting, support automation projects, develop pricing models, and produce actuarial reports. The role involves collaboration with internal teams, mentoring actuarial students, and maintaining strong communication with stakeholders. Active involvement in valuing new business and ensuring compliance with local insurance laws is expected.
Description and Requirements
Focus of the role includes:
- Responsible for managing US GAAP/STAT reporting, Experience Studies, New Business Valuation and Statutory reporting for Nepal.
- Develop and support the team for various activities:
- Support automation projects.
- Provide production steward reviews for new Prophet models for pricing new products.
- Ensure completion of Local statutory valuation filing.
- Develop strong working relationships and strategic partnerships with internal clients (e.g. Dev team, QA team, local office, IT and other users of models) to ensure a high degree of customer satisfaction
- Lead a team of Noida-based actuarial students to support supervisor and ensure critical focus on core deliverables throughout.
Job Responsibilities
To support the delivery of the following objectives:
- Active involvement in the areas of Product pricing, New Business Value, UAT test, Valuations and modelling new products.
- Preparation of various internal reports along with actuarial statutory report / Mortality / morbidity Studies.
- Knowledge of reserving, Local Insurance Laws, regulations would be beneficial.
- Timely review of VNB report with high accuracy.
- Populate CFT projection model for liquidity test.
- Work closely with Appointed Actuary/ CFO/Financial controller and other stakeholders for various ad-hoc task.
- Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications.
- Aspiration and preferably track record of success in pursuing actuarial study to become an Actuary.
- Learn and provide desired output using actuarial software like PolySystem/Prophet.
- Good communication skill (both written and spoken) in English.
- Good with coding and VBA skills.
- Maintain productive working relationships with internal and external team members.
- Provide extensive support to the finance department in process improvement, Reinsurance and other relevant.
Key Performance Indicators (KPIs) of Position:
- Review necessary enhancements to the Global Tools taking into consideration multiple bases (e.g., US STAT, US GAAP LDTI, RBC, Local STAT etc.)
- Validation of changes made in the Models for Pricing and Valuation.
- Contributing towards good team morale and positive team engagement and professional development
- Ensuring excellent communication between Noida-based team and stakeholders based in different geographical locations.
- Taking ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team .
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies" and Fortune World's 25 Best Workplaces™ for 2024, 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.
At MetLife, it's #AllTogetherPossible . Join us!
#BI-Hybrid
Top Skills
Polysystem
Prophet
Stat Reporting
Us Gaap
VBA
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