Assistant Manager-Operations

Job Description – Actuarial Services – US

Position Title:

Team Leader/Assistant Manager

Function, Responsibility Level: US Valuation

Reports to (Responsibility Level): Unit Manager

Supervises:

Location:

Noida

Global Grade: 10

Cost Center (85 series):

85028119

Complexity:

C5T5

PID/s Load Mapping:

Position Summary

Focus of the role involves supporting senior actuaries in US who (are):

• Responsible for transitioning to US GAAP Long Duration Target Improvements (LDTI) for Retirement & Income Solutions (RIS) and Long-Term Care (LTC)
• Responsible for core deliverables that primarily involves maintaining valuation reserves (GAAP & STAT) throughout the course of the reporting year

This position will assist stakeholders in model validation, analysis of change in regulation, reserve movement analysis, and suggesting better ways to make the process efficient.

Job Responsibilities

• Support transition efforts to LDTI reporting:
  • Support in specification and validation of new valuation methodologies
  • New model validation: Polysystem for RIS & Triton for LTC
  • Breaking down, understanding, and presenting the impact of new regulation on reserves and income statement
  • Automating LDTI calculations/making it more systematic
  • Update the challenger models with LDTI specifications
• Analyze monthly reserves roll-forward to discern reasonableness of change in reserves and present the gain/loss analysis
• Support additional financial research, governance, controls, actuarial methods and standards used within assigned sub-region and insurance products;
• Develop strong working relationships and strategic partnerships with internal and external stakeholders to ensure a high degree of customer satisfaction;
• Support stakeholders on core deliverables throughout the course of the reporting year
• Work with different teams to deliver solutions
• Taking ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team.

Knowledge, Skills and Abilities

Education

A bachelors or masters university degree in Finance or quantitative field

Knowledge and skills (general and technical)

Essential experience, skills and competencies:

• Meticulous in the validation, presentation and communication of results;
• Respectful of deadlines, discipline and process, yet flexible and pragmatic
• Capable of working autonomously or with a team
• Able to navigate through complex problems and structures to achieve results and deliver solutions;
• Experience of USGAAP and Statutory rules and regulations preferred
• A thorough knowledge of actuarial reporting across a wide range of product types: unit linked; creditor, individual protection and group business; long term care
• Excellent Excel skills. (VBA knowledge would be a plus)
• Working experience in Polysystem is preferred

Experience

• 3 - 4 years of actuarial experience, preferably knowledge of US markets.
• At least cleared 6 actuarial exams from IAI/IFoA/SOA

Other Requirements (licenses, certifications, specialized training – if required)

• Strong verbal and written communication skills
• Strong interpersonal skills.

Working Relationships

Internal Contacts

(and purpose of relationship):

External Contacts

(and purpose of relationship) – If Applicable

Enclosures:

MetLife Values :

Our purpose and values

Our purpose is why we are in business and reflects what we stand for and believe in. Our purpose is to help people pursue more from life. Our values are how we achieve that purpose, through an expression of who we are, what we stand for as a company and how we conduct our business: