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Unit Manager Operations

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Date Posted: Sep 19, 2022

Location(s): Noida, IN, 0

Company: MetLife

Summary of Position Responsibilities:

 

 

The Global Actuarial Modeling team is responsible for delivering actuarial modeling solutions in accordance with enterprise & regional objectives by building and maintaining robust, scalable actuarial solutions, whilst adhering to MetLife’s actuarial coding and practice standards. 

 

This role is responsible for working within the US Modeling team to develop and deliver actuarial models for internal MetLife customers. This will involve:

  • Collaborating with the US Actuarial team and IT partners to develop Prophet models
  • Defining input data requirements to support country specific reporting requirements.
  • Working within the 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; IT Departments supporting the modelling environment; Product.

Budgetary responsibility

None

Profit / Earnings responsibility

None

 

Principal Accountabilities of Position:

 

 

Key Responsibilities: 

  • Develop multi-use Prophet models to support reporting for:
    • Cash Flow Testing
    • Embedded Value
    • GAAP
    • Risk Based Capital
    • Economic Capital
    • Asset Liability Management
  • Work with customer to test, analyze, and quantify impacts of model changes
  • Support production model runs in controlled environment to reduce model risk
  • Actively engage with business partners across the organization to improve our reporting processes

 

 

 

 

Key Performance Indicators (KPIs) of Position:

 

  • 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.
  • Contribute towards building a culture of collaboration, engagement, and trust while supporting the professional development of team members
  • Ensure open communication across teams in various functions and geographies.
  • Take demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to senior 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
  • Experience developing actuarial models in Prophet or similar system
  • Excellent ability to communicate in English, (both written and verbal)
  • Aptitude for finding creative solutions to problems, challenge preconceptions
  • 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 Cash Flow Testing, 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.