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Team Leader - Operations

Date Posted: Jan 11, 2022

Location: Noida, IN, 0

Company: MetLife

Position Summary

 

Particular focus of the role includes:

  • Responsible for the development of SII production tools and Datawarehouse.
  • Responsible for the impact analysis of SCR, MCR and Risk Margin.
  • Support in the preparation of development related documents.
  • Provide explanation to Datawarehouse team and help them to understand the required changes.
  • End to End testing of all the SII production tools and Datawarehouse development.
  • Responsible for understanding SII regulation and implementing the new regulatory requirement in our production process.
  • Support development team in understanding the change request raised by other team and implement these changes in our production tools.
  • Develop strong working relationships and strategic partnerships with internal clients to ensure a high degree of customer satisfaction.

Assist development team to support in all development activities and ensure critical focus on smooth SII actuarial valuation throughout the course of the reporting year.

Job Responsibilities

 

To support the delivery of the following objectives:

 

  • Timely and accurate development of changes made in the SII production tools such as ACE Tool, Market Risk Tool, Premium Tool, Tax Tool and Datawarehouse.
  • To develop deep understanding of out SII production tools to ensure error free development.
  • Explanation of changes made in the tools and impact on our key results of Solvency Capital Requirement, Minimum capital requirement and Risk Margin.
  • Involved in various documentation such as Business requirement document, release request and conversion memo to support the development.
  • Error free, clear communication of developments via impact templates, development memos and presentations.
  • Communicating development results and replying to queries raised by other team on changes and taking necessary approval before implementing the development in the production.

 

Key Performance Indicators (KPIs) of Position:

 

  • Error free development to required changes in given timescales and relevant actuarial standards.
  • Execution of second-line data validation and completeness checks to required actuarial and audit standards.
  • Contributing towards good team morale and positive team engagement and professional development.
  • Ensuring excellent communication between Noida-based team and stakeholders based in different geographical locations.

Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to senor leadership team.

 

Education

A bachelors or masters university degree with a heavy mathematical focus (e.g. mathematics, engineering, physics, computer science, financial economics)

 

Experience

Around 3-5 years of actuarial experience, 6+ Actuarial exams, with interest to be a fellow with relevant reporting experience

 

Essential experience, skills and competencies:

 

  • Meticulous in the validation, presentation and communication of results;
  • Respectful of deadlines, discipline and process, yet flexible and pragmatic within a growing business;
  • Capable of working autonomously or with a team, and of balancing own initiative with advice from others;
  • Able to navigate through complex problems and organisations to achieve results and deliver solutions;
  • Able to communicate complex issues to non experts;
  • Experience of Regulatory Reporting, IFRS, and EV/VNB reporting;
  • Demonstrable experience of insurance products sold by MetLife globally being a distinct advantage;
  • A thorough knowledge of actuarial reporting across a wide range of product types: unit linked; creditor, individual protection and group business;
  • Recent practical experience of financial / actuarial modelling systems (Prophet would be a plus);

Excellent Excel/VB/ VBA skills. (Python/ R coding skills would be a plus)

 

 

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.