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Assistant Manager- Operations

Date Posted: Jul 22, 2021

Location: Noida, IN, 0

Company: MetLife

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 Responsibilties

 

 

  • 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

 

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

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.