The Actuarial Lead will support senior actuaries in month-end entries, variance analysis, valuation methodologies, and financial reporting for reinsurance activities.
Description and Requirements
Particular focus of the role involves supporting more senior actuaries who (are):
- Responsible for the month end entries for reinsurance group for a number of countries within MetLife
- Perform variance analysis & effectively manage research/resolution/follow-ups for closure of open items and explain results to the Reporting manager
- Support in specification and validation of new valuation methodologies, models and product implementations;
- Assist with the production of Local Statutory (IFRS 4) valuations for a number of countries within MetLife
- Explain results to the Chief Actuary (including analysis of movement in reserves, intangibles in the Income statement)
- Cater to STAT and GAAP requirement for reporting and analysis for reinsurance
- Perform research relating to queries raised by reinsurers, auditors, etc. and assist with preparing timely responses
- Prepare monthly reports summarizing experience under all reinsurance treaties for the current month/ YTD
- Assist with the analysis of current and historical financial results for reinsurance business; design and prepare reports/studies that will enhance the analysis.
- Work with the regional stakeholders to handle all the deliverables for Monthly, Quarterly and Annual reporting for Reinsurance business
- Work on any ongoing enhancements/developments to improve/simplify/automate the reporting process
- Communicate the settlements with other stakeholders like different reinsurers and Finance Team
- Ensure critical focus on core deliverables throughout the course of the reporting year.
Job Responsibilities
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.
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies" and Fortune World's 25 Best Workplaces™ for 2024, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services.
At MetLife, it's #AllTogetherPossible . Join us!
#BI-Hybrid
Top Skills
Actuarial Standards
Data Validation
Financial Reporting
Gaap
Ifrs 4
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