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Unit Manager - Operations

Date Posted: Nov 26, 2021

Location: Noida, IN, 0

Company: MetLife

Position Summary

 

Particular focus of the role involves supporting Assets Modelling Group (AMG) which (is):

  • Responsible for the modelling and production of asset cashflows for annual (sometimes quarterly) Cash Flow Testing Results (as per US Statutory Rules and Regulations); annual Loss Recognition Testing (as per US GAAP) and Embedded Value
  • Responsible for analysis of asset metrics like Internal Rate of Return, Duration, Credit Spreads etc.
  • Responsible for modelling of sectors like Bonds, Equity, Derivatives and other Structured Finance assets through platforms like Prophet ALS, VBA, Python
  • Explain results to the stakeholders and logical answer to questions raised by Appointed Actuary with deep understanding of business economics
  • Support in specification and validation of new valuation methodologies and Prophet model releases
  • Develop strong working relationships and strategic partnerships with internal and external stakeholders to ensure a high degree of customer satisfaction;

Assist Actuarial Reporting Manager to support the stakeholders and ensure critical focus on core deliverables throughout the course of the reporting year

Job Responsibilities

 

AMG team manages asset modelling & analysis for the whole US general account portfolio, separate account and MetLife's replicating portfolios as well as provide asset modeling solutions to MetLife’s businesses world-wide. The team supports US GAAP Loss Recognition Testing, Cash Flow Testing, Embedded Value Reporting as well as RBC calculations for US market. These are the main job responsibilities:

 

LRT, CFT, RBC, EV

  • Timely and accurate delivery of the projected asset cashflows and balances (like Book Values, Market Values)
  • Timely and accurate analysis of interest rate scenarios, spreads, defaults etc. and their impact on asset cashflows
  • Explanation of variance between reported results and previous quarters/years;
  • Error free, clear communication of results via reporting templates, memos, reports or presentations.
  • Staying updated with changes in US-GAAP and Statutory guidelines on a regular basis

 

Key Performance Indicators (KPIs) of Position:

 

  • Error free delivery of projected asset results to liability testers within 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 US

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

 

Essential experience, skills and competencies:

 

  • Research into Asset-Liability modelling intricacies and able to validate system results through own logics
  • 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 with a team, and of balancing own initiative with advice from others;
  • Able to navigate through complex problems and structures to achieve results and deliver solutions;
  • Capability of dealing with large data-sets
  • Recent practical experience of financial / actuarial modelling systems (MG-ALFA, Prophet, etc.);

Excellent Excel, SQL and VBA skills. (Python knowledge would be a plus)

 

Education

A bachelors or masters university degree in Finance or quantitative field

 

Experience

 

  • 5-7 years of actuarial experience in Life Insurance industry, preferably knowledge of US markets.

Cleared 10-12 actuarial exams from IAI/IFoA

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.