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Senior Manager/ Manager, Actuarial Modelling Asia

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Date Posted: Aug 4, 2022

Location(s): Kuala Lumpur, MY

Company: MetLife

 

Global Actuarial Modelling Group (GAM) is the central actuarial modelling, testing and production team in MetLife. 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.


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
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

 

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 recognized 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

 

 

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 #: 126676