Assistant Manager- Operations at MetLife

Job Description – Actuarial Services - US

Position Title:

Team Lead
Function, Responsibility Level: Actuarial Analysis, Operations
Reports to (Responsibility Level): Senior Manager

Supervises:

None

Location:

Noida

Global Grade: 10

Cost Center (85 series):

TBS

Complexity:

C5T5

PID/s Load Mapping:

Position Summary

Particular focus of the role includes:
  • Responsible for the 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;
  • Assist Actuarial Team Leader to support Senior Actuarial Reporting Manager and ensure critical focus on Actuarial Analysis core deliverables throughout the course of the reporting year

Job Responsibilities

To support 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 senor 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)

Experience

  • Around 2-3 years of actuarial experience, 4-5 Actuarial exams, with interest to be a fellow with relevant reporting 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, IFRS, and EV/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/ R coding skills would be a plus)

Other Requirements (licenses, certifications, specialized training – if required)

  • NA

Working Relationships

Internal Contacts

(and purpose of relationship):

  • Actuarial Team Leader; Senior Actuarial Reporting Manager; Chief Actuary

External Contacts

(and purpose of relationship) – If Applicable
  • CFO; CRO; Global Actuarial Modelling; Product

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.

MetLife:

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 help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
We are ranked #44 on the Fortune 500 list for 2019. In 2019, we were named to the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. DJSI is a global index to track the leading sustainability-driven companies.
MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.
MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

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