Actuarial Associate (1 Year Contract)

Working Schedule

Full-Time

Work Arrangement

Hybrid

Relocation Assistance Available

No

Posted Date

06-Nov-2024

Job ID

5201

Description and Requirements

The Team You Will Join

As an Actuarial Associate, you will join a collaborative team of professionals dedicated to delivering high-quality actuarial analysis and insights. The team comprises individuals with varying levels of experience, from seasoned actuaries to emerging talent, all working together to support the organization's financial objectives and regulatory compliance.

Team members are committed to fostering a supportive environment where knowledge sharing and continuous learning are encouraged.

The Opportunity

We are seeking a motivated and detail-oriented Actuarial Associate to join our dynamic team, with a critical role to contribute on IFRS 17 valuations. This role provides an excellent opportunity for an aspiring actuary to develop their skills and gain valuable experience in the insurance industry.

The successful candidate will support the actuarial team in performing preparation, review, analysis, and reporting activities related to IFRS 17, the new accounting standard for insurance contracts. The candidate will also be involved in assessments of best estimate assumptions including impact analysis, value of new business, KPI monitoring, solvency projection and monitoring, as well as any other support required by the Gulf Chief Actuary.

How You’ll Help Us Build a Confident Future (Key Responsibilities)

• Lead the preparation of quarterly reserve analysis files including performing the necessary checks and controls to ensure reasonableness of the results:

  - Support in the evaluation of the impact of valuation assumptions and valuation model changes under IFRS 17

  - Support in identifying and implementing enhancements to our IFRS 17 data, systems, and processes

• Lead the Quarterly/Monthly Statutory & LDTI Valuation including timely data gathering, preparation and review of all actuarial related entries, trend analysis, and analysis and explanation of results to management.
• Create necessary reports and documentation to support IFRS 17 valuation results.
• Manage multiple regulators as well as various auditors across the Gulf countries.
• Develop your skills by actively participating in training programs and pursuing actuarial exams to enhance knowledge and skills in the field.
• Coordinate and collaborate with senior actuarial staff, finance professionals, and other departments such as Products, Operations, and IT to ensure alignment and compliance with IFRS 17 requirements.

What You Need to Succeed (Required Qualifications)

• Working towards Associate of US Society of Actuaries or UK Institute of Actuaries or equivalent
• Bachelor degree in Mathematics, Actuarial Science or related field
• At least 3-5 years of total experience including 2 years in Actuarial Valuation
• Advanced skills in Excel, Word, and PowerPoint
• Proficient practical and theoretical knowledge of pricing, reserving, and actuarial analysis
• Fluent in English

What Can Give You an Edge (Additional Skills)

• Good inter-personal skills, problem solving, and ability to work under pressure.
• Team Player & Flexible
• Fluent in Local Language will be an advantage
• Knowledge of Local Valuation Regulations

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!