Actuarial Lead

Description and Requirements

The role involves supporting more senior actuaries who are:

• Responsible for the month end entries for reinsurance group for a number of countries within MetLife.
• Performing variance analysis and effectively managing research, resolution, and follow-ups for closure of open items.
• Supporting in specification and validation of new valuation methodologies, models, and product implementations.
• Assisting with the production of Local Statutory (IFRS 4) valuations for a number of countries within MetLife.
• Explaining results to the Chief Actuary, including analysis of movement in reserves and intangibles in the Income statement.
• Catering to STAT and GAAP requirements for reporting and analysis for reinsurance.
• Performing research relating to queries raised by reinsurers, auditors, etc., and assisting with preparing timely responses.
• Preparing monthly reports summarizing experience under all reinsurance treaties for the current month/YTD.
• Assisting with the analysis of current and historical financial results for reinsurance business; designing and preparing reports/studies that will enhance the analysis.
• Working with regional stakeholders to handle all deliverables for Monthly, Quarterly, and Annual reporting for Reinsurance business.
• Working on any ongoing enhancements or developments to improve, simplify, or automate the reporting process.
• Communicating the settlements with other stakeholders like different reinsurers and the Finance Team.
• Ensuring critical focus on core deliverables throughout the course of the reporting year.

Job Responsibilities

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 the 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.

About 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 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.