Regional Actuarial Audit Lead, Asia

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Date Posted: Nov 21, 2023

Location(s): Kuala Lumpur, MY

Company: MetLife

 

 

Role Value Proposition:

 

The objective of Internal Audit Actuarial is to review and test the controls around actuarial processes and assure our business partners that their methods are efficient, accurate, and following company and industry best practices. Responsibilities include conducting audits, proposing recommended solutions to control weaknesses, and providing client advisory to improve their actuarial practices. This position will interact with actuarial, finance, risk and IT teams.

 

Key Responsibilities

  • Perform analysis of regulatory and accounting changes, product strategy, and economic/demographic conditions to identify key sources of actuarial related risk in Asia and develop a risk-based audit strategy.
  • Lead country level audits and perform deep dive on various topics including US GAAP, IFRS 17, assumption setting, product development and pricing, capital, and investments.
  • Create and foster relationships with the local actuarial staff throughout Asia, including the local Chief Actuaries and regional Chief Actuary. Develop relationships with non-actuarial business partners within Audit, Risk, Finance, and IT.
  • Add value by identifying root causes of potential reserving, reporting, or pricing error and making recommendations to management to address the risk.
  • Recognized as a strong candidate to participate on business partnering assignments due to strong technical skills project management abilities, and knowledge of MetLife.
  • Partner with both local and US audit teams in planning and executing audits
  • Perform and validate complex actuarial calculations and evaluate the reasonableness of methodology and assumptions. Analyze and assess financial statements for accuracy and completeness.
  • Communicate potential financial and operational impacts of audit issues to management

 

 

Essential Business Experience and Technical Skills:

  • Qualified actuary or an extensive experience in actuarial valuations and audit
  • 10 years + experience
  • Fluency in English. Speaking skills - Japanese, Mandarin or Korean language skill desirable

Preferred:

  • Experience in 2 or more the following: US GAAP Reporting, IFRS 17 Reporting, or European Embedded Value, Pricing, or Assumptions Development
  • Strong presentation, written, relationship management, and project management skills.
  • Ability to work independently and at times lead a small project team

 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on 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.

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Requisition #: 134017 

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