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Manager, Actuarial Modelling Asia

Date Posted: Jan 8, 2021

Location: Kuala Lumpur, MY

Company: MetLife

 

POSITION TITLE:   Manager, Actuarial Modelling Asia

 

LOB/ Global Function

Global Actuarial Modelling Group (GAM) is the central actuarial modelling, testing and production team in MetLife. This modelling team in Kuala Lumpur has been recently set up with the aims to support all the modelling needs in the Asia region, working with the GAM Hong Kong team.  The model will cover all important financial calculations and projections including local statutory, local GAAP, US GAAP, EV, ALM and EC reporting as well as pricing and M&A purpose.

 

DEPARTMENT: Global Actuarial Modelling, Asia Regional Modelling

 

LOCATION: Kuala Lumpur

 

THE ROLE:

The incumbent will be supporting the modelling team in implementing and maintaining MetLife Asia’s actuarial financial models on Prophet, mainly focused on the carrying out the design by the leadership. Also, the incumbent has to carry out the coding to meet internal and external requirements and overseeing the conversion of the countries designated to him/her

The incumbent will also be looking after issues that arise during the conversion. This includes understanding differences between new and old models, and explaining to/resolving with local countries if possible.

 

Key Relationships:

Reports to: AVP, Actuarial Modelling Asia

Direct Reports: -

Other Key Stakeholders: Local representatives of local offices, other actuaries in regional office and home office

 

Key Responsibilities:

Ensuring the new model will be built based on sounded actuarial principles, high consistency among all the MetLife countries and efficient system design;

  • Implementing Prophet model in accordance with internal and external requirements, with supports from team members;
  • Resolving difficult technical issues encountered during implementation for local countries and explaining variances observed;
  • Communicating to local countries counterparts regularly on issues arise during the project and understand the root causes of the issues;
  • Designing training materials and model documentation of the new model;
  • Working closely with local countries in designing optimal valuation processes using the new model
  • Enforcing efficient model controls and maintaining good model support after implementation

 

While this role is based in Kuala Lumpur, it is expected that you will from time to time travel throughout Asia to understand local requirements and business needs as well as the other parts of the world in order to assure complete compliance with corporate standards.

 

CANDIDATE QUALIFICATIONS:

Business Knowledge/Technical Skills:

  • Have past experience of successful implementation of actuarial models on Prophet for multinational insurance companies
  • At least 2-4 years of practical Prophet experience, in-depth knowledge of using advanced features in Prophet. ALS experience will be a big plus
  • Have experience of working with actuarial models for reporting, pricing and valuation under different accounting frameworks
  • Have past work experience in EV, US GAAP and local statutory financial reporting
  • A qualified or nearly qualified actuary from an internationally recognised profession or qualified by suitable experience, such as ASA or FSA.
  • Proficiency in programming languages such as Python will be a plus
  • Strong in communication with peoples from different countries and have different cultures

 

Leadership Competencies:

  • Creates Partnerships - Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Grows Talent - Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.
  • Models our Values - Creates a culture that promotes the company’s values and standards through role modelling, accountability and ownership of decisions.
  • Focuses on Customers - Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
  • Drives Results - Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.

 

MetLife is proud to be an equal opportunity employer.  We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.  It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law.