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Unit Manager - Operations

Date Posted: Apr 28, 2021

Location: Noida, IN, 0

Company: MetLife

 

Job Title:

Unit Manager or 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.

 

 

 

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.