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Assistant Manager Operations

Employer
MetLife
Location
Noida Greater Noida, Uttar Pradesh Gautam Buddha Nagar, Gautam Buddha Nagar, India
Salary
Competitive Salary
Closing date
Feb 13, 2024

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Job Role
Accounts Assistant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Position Summary

Particular focus of the role involves supporting more senior actuaries who (are):
  • Responsible for the production and analysis of annual (sometimes quarterly) Cash Flow Testing Results (as per US Statutory Rules and Regulations) for Variable Universal Life and Ordinary Life in EMEA Market, specifically Gulf region for MetLife
  • Responsible for annual Loss Recognition Testing (as per US GAAP) and Embedded Value
  • Responsible for monthly and quarterly deliverables for best-estimate liability cash flows and calculation of metrics like duration etc.
  • 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, Prophet models and product implementations
  • Support additional financial research, governance, controls, actuarial methods and standards used within assigned sub-region and insurance products
  • 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

To support the delivery of the following objectives for EMEA Business:

LRT, CFT, RBC, EV
  • Timely and accurate delivery of the projected cash flows, balance sheet and P&L
  • Timely and accurate analysis of surplus, reserves and attributions
  • 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 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 US
  • Taking demonstrable ownership of work clearly flagging any issues and goal delivery concerns to senor leadership team.

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