Unit Manager - Operations

Job Title:

Unit Manager

Department and Location

Actuarial - Noida, India

Reports to (Name and Title):

Reporting to Senior Manager

Summary of Position Responsibilities:

Global Actuarial Modeling team is responsible for delivering actuarial modeling solutions in accordance to enterprise & regional objectives by building robust, scalable actuarial solutions and to further increase the coverage for the use of Prophet within the organization, whilst enforcing MetLife’s Global Actuarial Modeling Prophet standards and MetLife’s Actuarial Practices. 

This role is responsible for working within Global Actuarial Modeling Team to develop and deliver actuarial models for internal regional MetLife customers. This will involve:

• Collaborating with Regional Actuarial Teams, Local Actuarial Teams and IT to develop Prophet models
• Defining input data requirements to support country specific reporting requirements.
• Working within Global Actuarial Modeling team to produce and deliver actuarial results for regional MetLife customers.

Direct Reports  (number & titles)

None

Indirect Reports (number & titles)

n/a

Key working relationships

Actuarial Team Leader; CFO; Global Actuarial Modeling; Product. FSC

Budgetary responsibility

None

Profit / Earnings responsibility

None

Principal Accountabilities of Position:

: Key Responsibilities: 

• Develop Prophet models to satisfy calculation requirements.
• Build Prophet models in line with MetLife’s Global Actuarial Modeling Prophet coding standards.
• Perform testing activities to provide quality assurance to the customer.
• Support production activities to deliver actuarial results to satisfy various reporting exercises and various financial impact assessments.

Key Performance Indicators (KPIs) of Position:

• Error free preparation of financial reports to required 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.

Essential Experience, Skills and Competencies:

Essential experience, skills and competencies:

• Nearly/newly qualified actuary from a recognized profession or qualified by suitable experience. 
• 5-7 years of actuarial experience
• Proficient in modeling in Prophet
• Experience in developing Prophet models for either Solvency II/Economic Capital or Embedded Value.
• Ability to find solutions within agreed timescales
• Excellent ability to communicate in English, (both written and verbal)
• Good business acumen

Advantageous skills and experience:

• An understanding of actuarial reporting software such as Prophet and a good ability to program in various mainstream languages.
• Knowledge of other modeling platforms, for example MoSes, MG ALFA, etc. or strong programming skills (mainly VB, VBA, C++)
• Knowledge of financial reporting in Solvency II, IFRS, Economic Capital and Embedded Value.