Actuarial Specialist

Job Title:

Actuarial Specialist / Actuarial Lead

Department and Location

Actuarial - Noida, India

Summary of Position Responsibiliti es:

The Modelling & Actuarial Solutions (MAS) team is responsible for delivering actuarial modelling solutions in accordance with enterprise & regional objectives by building robust, scalable actuarial solutions and to further increase the coverage for the use of Prophet within the organization, whilst enforcing MetLifes Modelling & Actuarial Solutions Prophet standards and MetLifes Actuarial Practices.

This role is responsible for working within the MAS Global Systems Development (GSD) Team to develop and deliver Prophet global libraries for internal regional MetLife customers. This will involve:
Supporting the Prophet Asset Liability Strategies, Intex & Bermuda Infusion Libraries through the software development life cycle
Providing support to customers on the above libraries through:
o Responding to queries
o Reviewing model setups as required
o Hot fixes to requirements and issues (subsequently integrating them into the library)
o Documentation and training
Collaborating with MAS Teams, Other Actuarial Teams, and IT to develop Prophet models
Working with all Customers to provide seamless experience in using the above-mentione d global libraries
Key working relationships
ALM Team; Modelling & Actuarial Solutions; IT; FIS
Principal Accountabiliti es of Position:
Key Responsibiliti es:
Manage and maintain Prophet ALS, Intex and BI libraries to serve customer requirements:
o Interacting with Customers to understand evolving requirements
o Involved in the development, testing and documentation of all changes to the global libraries
o Manage merges of new FIS library releases into existing versions
Build Prophet models in line with MetLifes Modelling & Actuarial Solutions Prophet coding standards
Perform testing activities to provide quality assurance to the customer
Continuously engage with Customers to help resolve queries and provide expertise wherever needed
Key Performance Indicators (KPIs) of Position:
Making sure the ALS and Intex global libraries are developed to specifications and tested to be aligned with MetLife Actuarial Practice Standards
Training and documentation are sufficient to ensure that Customers and Team members can upskill
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 senior leadership team
Essential Experience, Skills and Competencies:
Essential experience, skills and competencies:
Pursuing Actuarial exams from a recognized professional body or qualified by suitable experience
3+ years of actuarial experience
Ability to find solutions within agreed timescales
Excellent ability to communicate in English, (both written and verbal)
Good business acumen
Exposure to actuarial modelling software (preferably Prophet)
Advantageous skills and experience:
Ability to program in various mainstream languages
Knowledge of other modelling platforms, for example Python, MG ALFA, etc. or strong programming skills (mainly VB, VBA, C++)
Knowledge of financial reporting in Solvency II, IFRS17, Economic Capital and Embedded Value, Asset Modelling
Experience in ALS development, extended formulate and asset modelling knowledge










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