City: Noida
Country: India
Working Schedule: Full-Time
Work Arrangement: Hybrid
Relocation Assistance Available: Yes
Posted Date: 10-Jan-2025
Job ID: 6092
Description and Requirements
Growth ID: 2024-11-046
Summary of Position Responsibilities:
The Global Actuarial Modeling team is responsible for delivering actuarial modeling solutions in accordance with enterprise and regional objectives by building and maintaining robust, scalable actuarial solutions.
This role is responsible for working within the US Modeling team to develop and deliver actuarial models for internal MetLife customers. This will involve:
- Collaborating with the US Actuarial team and IT partners to develop Prophet models
- Defining input data requirements to support country-specific reporting requirements
- Working within the Global Actuarial Modeling team to produce and deliver actuarial results for regional MetLife customers
Direct Reports: None
Indirect Reports: n/a
Key Working Relationships: Actuarial Team Leader; CFO; Global Actuarial Modeling; IT Departments supporting the modeling environment; Product.
Budgetary Responsibility: None
Profit / Earnings Responsibility: None
Principal Accountabilities of Position:
Key Responsibilities:
- Develop multi-use Prophet models to support reporting for:
- Cash Flow Testing
- Embedded Value
- GAAP
- Risk Based Capital
- Economic Capital
- Asset Liability Management
- Work with customers to test, analyze, and quantify impacts of model changes
- Support production model runs in a controlled environment to reduce model risk
- Actively engage with business partners across the organization to improve our reporting processes
Key Performance Indicators (KPIs) of Position:
- 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
- Contribute towards building a culture of collaboration, engagement, and trust while supporting the professional development of team members
- Ensure open communication across teams in various functions and geographies
- Take demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team
Essential Experience, Skills and Competencies:
- Nearly/newly qualified actuary from a recognized profession or qualified by suitable experience
- 5-7 years of actuarial experience
- Experience developing actuarial models in Prophet or similar system
- Excellent ability to communicate in English, both written and verbal
- Aptitude for finding creative solutions to problems, challenge preconceptions
- Good business acumen
Advantageous Skills and Experience:
- An understanding of actuarial reporting software such as Prophet and a good ability to program in various mainstream languages
- Knowledge of other modeling platforms, for example MoSes, MG ALFA, etc. or strong programming skills (mainly VB, VBA, C++)
- Knowledge of financial reporting in Cash Flow Testing, Economic Capital, and Embedded Value
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 All Together Possible. Join us!
