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Assistant Manager-Operations

Date Posted: May 3, 2021

Location: Noida, IN, 0

Company: MetLife

 

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:

Customers First

Put Customers First
Caring for and respecting customers is core to everything we do. It defines our work and shapes the culture for our people, radiating out to our shareholders and communities.

Be The Best

Be The Best
We are relentless in our search for new and better ways of doing things. As a leader in our industry, we constantly raise the bar, take calculated risks and learn quickly from our mistakes.

Make Things Easier

Make Things Easier
Products in our industry aren't always easy to understand. That's why we are always looking for simpler ways to connect customers to the best solutions. By doing this, we aim to exceed their expectations and build trust.

Succeed Together

Succeed Together
United by our purpose, we live by a collective commitment to honesty, integrity and diversity. We are open and inclusive, proudly taking and applying the best ideas from every part of our company.

 

 

               

 

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 ranked #44 on the Fortune 500 list for 2019. In 2019, we were named to the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. DJSI is a global index to track the leading sustainability-driven 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.

 

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.