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Assistant Manager Operations

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Date Posted: Sep 23, 2022

Location(s): Noida, IN, 0

Company: MetLife

 

Position Summary

 

 

Particular focus of the role includes:

  • Responsible for the SII quarterly and annual reporting.
  • Responsible for the analysis of SCR, MCR and Risk Margin.
  • Support in the preparation of production related files and controls.
  • To understand and provide a resolution to queries raised by analysis and ensuring timely closure of responses.
  • Provide support to analysis teams by providing requisite information.
  • Timely and accurate reporting for SII.
  • To understand the tools completely and comply with changes when needed.
  • Provide support to development team in 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.
  • Provide support in all the audit related activities.
  • 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 reporting of SII numbers using all the requisite tools such as ACE Tool, Market Risk Tool, Premium Tool, Tax Tool and Datawarehouse.
  • Timely resolution of queries from analysis teams.
  • To develop deep understanding of out SII production tools to ensure error free reporting.
  • Run all the controls in time to ensure that all results are correct and accurate to the best possible level.
  • Explanation of changes in the impact on our key results of Solvency Capital Requirement, Minimum capital requirement and Risk Margin on quarterly basis and key drivers for the change.
  • Communicating well with the external stakeholders

 

Key Performance Indicators (KPIs) of Position:

 

  • Accurate and timely SII reporting with high 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.

Knowledge, Skills and Abilities

 

 

Education

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

 

Experience

  • Around 2-3 years of actuarial experience, 4-5 Actuarial exams, with interest to be a fellow with relevant reporting experience

 

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 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)

 

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

  • NA

 

Working Relationships

 

Internal Contacts

(and purpose of relationship):

 

  • Actuarial Team Leader; Senior Actuarial Reporting Manager; Chief Actuary

 

External Contacts

(and purpose of relationship) – If Applicable

 

  • CFO; CRO; Global Actuarial Modelling; Product

 

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.