Actuarial Lead

Description and Requirements
Job Description - Actuarial Services - EMEA
Position Title:
Manager
Function, Responsibility Level: Actuarial Analysis, Operations
Reports to (Responsibility Level): Senior Manager
Supervises:
Assistant Manager/Team Leader
Location:
Noida
Global Grade: 11
Cost Center (85 series):
TBS
Complexity:
PID/s Load Mapping:
Position Summary
Particular focus of the role includes:
• Responsible for the modelling and analysis on valuations and projections across all reporting bases (Regulatory Reporting, SII, Value of New Business (VNB), and ORSA)
• Provide explanation and analysis of results to key stakeholders including the production of written reports;
• Support assumption setting processes;
• Support in specification and validation of new valuation methodologies, models and product implementations;
• Support additional financial research, governance, controls, actuarial methods and standards used within assigned sub-region;
• Develop strong working relationships and strategic partnerships with internal clients (e.g. sub-regional CFO and CRO) to ensure a high degree of customer satisfaction;
• Review work produced by team, manage timelines and ensure critical focus on Actuarial Analysis core deliverables throughout the course of the reporting year
Job Responsibilities
To ensure the delivery of the following objectives:
• External and Internal Reporting
• Timely and accurate analysis of actuarial balances on existing business for Regulatory Reporting, SII, ORSA and VNB;
• Timely and accurate analysis of business and capital plans;
• Explanation of variance between reported results and previous plans;
• Liaison with Financial Controllers to ensure suitable and consistent reserving and accounting practices;
• Assistance to the Chief Actuary and senior management team in the continuous monitoring of the adequacy of capital resources, and analysis of the solvency balance sheet as well as new business premium rates and propositions;
• Interpretation/analysis of experience studies and the determination of best estimate assumptions and provisions for adverse deviation (PADs) where applicable for reserving;
• Error free, clear communication of results via reporting templates, memos, reports or presentations
Key Performance Indicators (KPIs) of Position:

• Error free preparation of financial reports to required timescales and relevant actuarial standards;
• Execution of second-line data validation and completeness checks to required actuarial and audit standards.
• 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 demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team.
Knowledge, Skills and Abilities
Education

• A bachelors or masters university degree with a heavy mathematical focus (e.g. mathematics, engineering, physics, computer science, financial economics - these are examples only)
• Good exam on progress.

Experience

• Around 6 years of actuarial experience,

Knowledge and skills (general and technical)
Essential experience, skills and competencies:

• Meticulous in the validation, presentation and communication of results;
• Respectful of deadlines, discipline and process, yet flexible and pragmatic within a growing business;
• Capable of working autonomously or with a team, and of balancing own initiative with advice from others;
• Able to navigate through complex problems and organisations to achieve results and deliver solutions;

• Able to communicate complex issues to non-experts;

• Experience of Regulatory Reporting and VNB reporting;
• Demonstrable experience of insurance products sold by MetLife globally being a distinct advantage;
• A thorough knowledge of actuarial reporting across a wide range of product types: unit linked; creditor, individual protection and group business;
• Recent practical experience of financial / actuarial modelling systems (Prophet would be a plus);
• Excellent Excel/VB/ VBA skills. (Python coding skills would be a plus)

Other Requirements (licenses, certifications, specialized training - if required)
• NA
Working Relationships
Internal Contacts
(and purpose of relationship):
• Actuarial Manager; Dublin Actuarial Team Lead ; Chief Actuary
External Contacts
(and purpose of relationship) - If Applicable
• CFO; CRO; Global Actuarial Modelling; Product; Experience Analysis
Enclosures:
MetLife Values :
Our purpose and values
Our purpose is why we are in business and reflects what we stand for and believe in. Our purpose is to help people pursue more from life . Our values are how we achieve that purpose, through an expression of who we are, what we stand for as a company and how we conduct our business :
Put Customers First
Caring for and respecting customers is core to everything we do. It defines our work and shapes the culture for our people, radiating out to our shareholders and communities.
Be The Best
We are relentless in our search for new and better ways of doing things. As a leader in our industry, we constantly raise the bar, take calculated risks and learn quickly from our mistakes.
Make Things Easier
Products in our industry aren't always easy to understand. That's why we are always looking for simpler ways to connect customers to the best solutions. By doing this, we aim to exceed their expectations and build trust.
Succeed Together
United by our purpose, we live by a collective commitment to honesty, integrity and diversity. We are open and inclusive, proudly taking and applying the best ideas from every part of our company.
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!
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