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Director, Capital and Reinsurance

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Date Posted: Aug 11, 2022

Location(s): HK Kuala Lumpur, MY

Company: MetLife

 

 

Role Value Proposition:

  • Develop a holistic view of MetLife Asia’s capital and reinsurance requirements and optimal structure.
  • Partner across the region to firstly manage requirements under all relevant capital regimes to our business including: local solvency, rating agency capital models, Economic Capital (EC) and any potential capital requirements
  • Regional responsibility for ensuring that Asia has a holistic and strategic approach to the use of reinsurance, both inward and outward.
  • Provide expert decision support through effective reporting to the Asia CFO, Global Treasury team, Asia Leadership Group in connection with capital management and reinsurance activities.
  • Partner with Finance, Risk and all businesses to understand capital and liquidity requirements under base case and projections as well as stressed market conditions, develop response and provide recommendations of actions to be taken.
  • Develop strategies to support the effective deployment of capital in compliance with all relevant policies.

 

Main responsibilities:

  • Understand capital regimes that drive business strategy at global, regional and local level
  • Manage capital projection process (dividends, contributions, M&A transactions, etc) to support cash flow forecast
  • Manage regional reinsurance, including reinsurance relationships with external and internal reinsurers, use of reinsurance for capital management and efficient reinsurance risk transfer and assessment. Work with Global Reinsurance team to ensure adequate controls in place for reinsurance activities in Asia ex Japan
  • Partner with Risk and Finance to assess capital needs under business as usual and stress conditions; assist in the development of Target Capital for Asia operating entities
  • Develop appropriate reports to drive the strategic management of capital for the Asia CFO
  • Assess and analyze evolving and newly emerging regulatory and rating agency capital requirements and recommend actions where appropriate. Support the process for annual rating agency discussion with rating agencies
  • Partner with CFOs and businesses across the region to help support decisions that drive effective capital management; ensure regular and effective two-way communication
  • Partner with Investment, Cash Management and Risk to ensure connectivity with Liquidity Stress Modeling; Coordinate and manage reporting for liquidity assessment for Asia ex Japan
  • Ensure that each country has a sound capital management plan which is agreed with the regional CFO, corporate Treasury and local Boards as applicable
  • Participate in projects to support the sub regional CFO for financial & risk assessment as required for Bangladesh, Nepal, Malaysia and Vietnam

 

Candidate Qualifications

  • Strong analytical background, around 10 years life insurance experience with relevant experience in capital or financial risk management ideally familiar with Asian and other regulatory regimes;
  • Experience in local statutory financial reporting, local accounting [i.e. International Financial Reporting Standards (IFRS) or U.S. Generally Accepted Accounting Principles (US GAAP)], and embedded values (Traditional Embedded Values, European Embedded Value and Market Consistent Embedded Value);
  • Experience of using reinsurance and derivatives for transforming risk exposures of balance sheets;
  • A qualified actuary, accountant or risk professional from an internationally recognized profession or qualified by suitable experience.
  • Excellent communication and collaboration skills across different countries and cultures.

 

 

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 one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired 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.

 

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

 

 

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.

 

 

MetLife maintains a drug-free workplace.

 

 

Requisition #: 127202