Description and Requirements
Particular focus of the role includes:
• Responsible for production and analysis of US GAAP and Local Statutory valuation results for countries within MetLife.
• Take the results of models run centrally and submits these results to the USGAAP ledger/ valuation templates as part of a control process
• Developing and delivering the US GAAP and local statutory actuarial valuation models for EMEA countries as per requirements.
• Performing adequate checks and controls on the model built and ensure proper documentation is in place
• Coordinating with different actuarial teams like GAM, Regional chief actuary's team, Finance team, SII team etc to meet modelling and reporting requirements.
• Keep extending on understanding the existing US GAAP and local statutory valuation processes, models, and all relevant concepts around GAAP / regional statutory valuation.
• Develop strong working relationships and strategic partnerships with internal clients (e.g.sub-regional leads and actuaries) to ensure a high degree of customer satisfaction
• Guiding, assisting, and training new team members as and when needed.
• Providing technical support to team members
• Support additional financial research, governance, controls, actuarial methods and standards used within assigned sub-region
• Review work produced by team, manage project timelines and ensure critical focus on good quality delivery
• Liaison with Financial Controllers to ensure suitable and consistent reserving and accounting practices
• Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team.
Principal Accountabilities of Position:
Local statutory & USGAAP:
• Timely and accurate delivery and analysis of the US GAAP and local statutory valuation balance sheet.
• Accurate testing of the models built
• Explanation of the results particularly the movement in local statutory valuation results, and in USGAAP.
• Liaison with Regional Chief Actuary, Financial Controllers to ensure suitable and consistent reserving and accounting practices.
• Interaction with Internal and External Auditors as required.
• Execution of any compliance control applicable to the region(s) like SoX controls and other signoffs.
• Error free, clear communication of results via reporting templates, memos, reports or presentations.
• Assist Actuarial lead to support the USGAAP / LDTI Reporting Manager and ensure critical focus on core deliverables throughout the course of the reporting year
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!
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