Actuarial Services - MGCC

Position Title: Actuarial Consultant

Reports to (Responsibility Level): Actuarial Manager / Senior Actuarial Manager

Supervises: NA

Location

Noida

Global Grade

GG 11

Complexity: 7/T5C5

PID/s Load Mapping

Position Summary

This role would provide for product pricing for one of the Metlife entities.

Job Responsibilities To ensure delivery of below objectives (exact combination would depend upon role alignment):

- 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 recent 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

Education, Technical Skills & Other Critical Requirement

Education

- Should be a graduate preferably in a numerate stream
- 6+ actuarial exams

Experience (In Years)

- 5 - 7 years of actuarial experience

Technical Skills

- 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

Other Critical Requirements

- 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

📌 Actuarial Consultant (Noida)
🏢 MetLife
📍 Noida