Assistant Manager Operations_Actuarial US

Posted 17 Days Ago
Be an Early Applicant
Remote
3-5 Years Experience
Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
At MetLife, we’re a purpose-driven company that helps our customers build a more confident future.
The Role
Responsible for developing and delivering actuarial models for internal MetLife customers. Collaborates with the actuarial team and IT partners to develop Prophet models. Supports production model runs to reduce model risk and engages with business partners to improve reporting processes.
Summary Generated by Built In

Description and Requirements
Summary of Position Responsibilities:
The Global Actuarial Modeling team is responsible for delivering actuarial modeling solutions in accordance with enterprise & regional objectives by building and maintaining robust, scalable actuarial solutions, whilst adhering to MetLife's actuarial coding and practice standards.
This role is responsible for working within the US Modeling team to develop and deliver actuarial models for internal MetLife customers. This will involve:

  • Collaborating with the US Actuarial team and IT partners to develop Prophet models
  • Defining input data requirements to support country specific reporting requirements.
  • Working within the Global Actuarial Modeling team to produce and deliver actuarial results for regional MetLife customers.


Direct Reports (number & titles)
None
Indirect Reports (number & titles)
n/a
Key working relationships
Actuarial Team Leader; CFO; Global Actuarial Modeling; IT Departments supporting the modelling environment ; Product.
Budgetary responsibility
None
Profit / Earnings responsibility
None
Principal Accountabilities of Position:
Key Responsibilities:

  • Develop multi-use Prophet models to support reporting for:
  • Cash Flow Testing
  • Embedded Value
  • GAAP
  • Risk Based Capital
  • Economic Capital
  • Asset Liability Management
  • Work with customer to test, analyze, and quantify impacts of model changes
  • Support production model runs in controlled environment to reduce model risk
  • Actively engage with business partners across the organization to improve our reporting processes


Key Performance Indicators (KPIs) of Position:

  • 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.
  • Contribute towards building a culture of collaboration, engagement, and trust while supporting the professional development of team members
  • Ensure open communication across teams in various functions and geographies.
  • Take 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:

  • 3-5 years of actuarial experience
  • Ability to find solutions within agreed timescales
  • Excellent ability to communicate in English, (both written and verbal)
  • Aptitude for finding creative solutions to problems, challenge preconceptions
  • Good business acumen


Advantageous skills and experience:

  • An understanding of actuarial reporting software such as Prophet and a good ability to program in various mainstream languages.
  • Knowledge of other modeling platforms, for example MoSes, MG ALFA, etc. or strong programming skills (mainly VB, VBA, C++)
  • Knowledge of financial reporting in Economic Capital and Embedded Value.


Summary of Position Responsibilities:
The Global Actuarial Modeling team is responsible for delivering actuarial modeling solutions in accordance with enterprise & regional objectives by building and maintaining robust, scalable actuarial solutions, whilst adhering to MetLife's actuarial coding and practice standards.
This role is responsible for working within the US Modeling team to develop and deliver actuarial models for internal MetLife customers. This will involve:

  • Collaborating with the US Actuarial team and IT partners to develop Prophet models
  • Defining input data requirements to support country specific reporting requirements.
  • Working within the Global Actuarial Modeling team to produce and deliver actuarial results for regional MetLife customers.


Direct Reports (number & titles)
None
Indirect Reports (number & titles)
n/a
Key working relationships
Actuarial Team Leader; CFO; Global Actuarial Modeling; IT Departments supporting the modelling environment ; Product.
Budgetary responsibility
None
Profit / Earnings responsibility
None
Principal Accountabilities of Position:
Key Responsibilities:

  • Develop multi-use Prophet models to support reporting for:
  • Cash Flow Testing
  • Embedded Value
  • GAAP
  • Risk Based Capital
  • Economic Capital
  • Asset Liability Management
  • Work with customer to test, analyze, and quantify impacts of model changes
  • Support production model runs in controlled environment to reduce model risk
  • Actively engage with business partners across the organization to improve our reporting processes


Key Performance Indicators (KPIs) of Position:

  • 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.
  • Contribute towards building a culture of collaboration, engagement, and trust while supporting the professional development of team members
  • Ensure open communication across teams in various functions and geographies.
  • Take 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:

  • 3-5 years of actuarial experience
  • Ability to find solutions within agreed timescales
  • Excellent ability to communicate in English, (both written and verbal)
  • Aptitude for finding creative solutions to problems, challenge preconceptions
  • Good business acumen


Advantageous skills and experience:

  • An understanding of actuarial reporting software such as Prophet and a good ability to program in various mainstream languages.
  • Knowledge of other modeling platforms, for example MoSes, MG ALFA, etc. or strong programming skills (mainly VB, VBA, C++)
  • Knowledge of financial reporting in Economic Capital and Embedded Value.


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Top Skills

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The Company
HQ: New York, NY
43,000 Employees
Hybrid Workplace
Year Founded: 1868

What We Do

Named one of Fortune’s “World’s Most Admired Companies,” MetLife is leading the global transformation of an industry we’ve defined for more than 150 years. At MetLife, every innovation and line of code is a lifeline for our customers and their families—from victims of natural disasters to people living with disabilities and beyond.  With operations in more than 40 markets and leading positions across the globe, MetLife’s building a workforce of diverse and empowered voices that all belong.  Join our remarkable journey—one in which you help write the next century of innovation in financial services—because with MetLife, making the world a better place is All Together Possible.

Why Work With Us

At MetLife, you’ll be working for a company whose purpose is to help customers throughout their life’s journey, and often in their most critical time of need. You’ll be a part of developing leading-edge platforms that will have a lasting impact on the lives and well-being of tens of millions of customers.

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