Actuarial Consultant

About the Role

This role would provide for product pricing for one of the MetLife entities. Position reports to Actuarial Manager / Senior Actuarial Manager. Global Grade: GG 11.

Key Responsibilities

• Building the pricing models for the new plans or modifying to reprice the existing ones.
• Making sure the new products align with enterprise goals and meet both the regulatory requirement as well as shareholder's target.
• Ensuring compliance with the regulation and responsible for audit, regulators request and other related tasks.
• Provide explanation and analysis of results to leaders including the production of written reports.
• 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.
• Develop and support the team in areas such as automation projects, production steward reviews of models for new product pricing and completion of Local statutory valuation filing.
• Active involvement in the areas of UAT test, valuations and modelling new products.

Key Performance Indicators

• Meeting the timelines with respect to the key pricing milestones to the stakeholders.
• Error free preparation of pricing models compliant with relevant actuarial standards.
• Work on any ongoing enhancements/developments to improve/simplify/automate the reporting process including use of the new age AI tools.
• Contributing towards building a culture of collaboration, engagement, and trust while supporting the professional development of team members.
• Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications.
• Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to leadership team.
• Execution of second-line data validation and completeness checks complying to actuarial and audit standards.

Requirements

• Should be a graduate preferably in a numerate stream.
• 6+ actuarial exams.
• 5 - 7 years of actuarial experience.
• Understanding of the pricing process with good excel skills.
• An understanding of actuarial reporting software OR awareness of Solvency II, IFRS, Economic Capital, US GAAP and Embedded Value / Knowledge of reserving, Local Insurance Laws, regulations would be beneficial.
• Strong oral and written communication skills.
• Respectful of deadlines, discipline and process, yet flexible and pragmatic.
• Aptitude for finding creative solutions to problems, challenge preconceptions.
• Attention to detail.
• Good business acumen.

Should be a graduate preferably in a numerate stream with 6+ actuarial exams. 5–7 years of actuarial experience required. Understanding of pricing process with good Excel skills and understanding of actuarial reporting software. Strong oral and written communication skills, attention to detail, and good business acumen essential.