Assistant Manager Operations

Location

Noida | India

Job description

Particular focus of the role involves supporting more senior actuaries who (are):

• Responsible for the month end entries for reinsurance group for a number of countries within MetLife
• 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 new valuation methodologies, models and product implementations
• Assist with the production of Local Statutory (IFRS 4) valuations for a number of countries within MetLife
• Explain results to the Chief Actuary (including analysis of movement in reserves, intangibles in the Income statement)
• Cater to STAT and GAAP requirement for reporting and analysis for reinsurance
• Perform research relating to queries raised by reinsurers, auditors, etc. and assist with preparing timely responses
• Prepare monthly reports summarizing experience under all reinsurance treaties for the current month/ YTD
• Assist with the analysis of current and historical financial results for reinsurance business design and prepare reports/studies that will enhance the analysis.
• Work with the regional stakeholders to handle all the deliverables for Monthly, Quarterly and Annual reporting for Reinsurance business
• Work on any ongoing enhancements/developments to improve/simplify/automate the reporting process
• Communicate the settlements with other stakeholders like different reinsurers and Finance Team
• Ensure critical focus on core deliverables throughout the course of the reporting year.

Job Responsibilities

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.

Knowledge, Skills and Abilities

• A bachelors or masters university degree with a heavy mathematical focus (e.g. mathematics, engineering, physics, computer science, financial economics - these are examples only)

• 2-5 years of actuarial experience, A partly qualified fellow of the Institute & Faculty of Actuaries with relevant reporting experience and making good progress through the actuarial exams (circa CA1 level)

Essential experience, skills and competencies:

• Meticulous in the validation, presentation and communication of results
• Respectful of deadlines, discipline and process, yet flexible and pragmatic within a growing business
• Capable of working autonomously or with a team, and of balancing own initiative with advice from others
• Able to navigate through complex problems and organisations to achieve results and deliver solutions
• Able to communicate complex issues to non experts
• Experience of USGAAP (preferred), Regulatory reporting, IFRS, and EV/VNB reporting
• Demonstrable experience of insurance products sold by MetLife globally being a distinct advantage
• Recent practical experience of financial / actuarial modelling systems (Prophet would be a plus)
• Excellent Excel/VB/ VBA skills. (Python coding skills would be a plus)

Job tags

Salary