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Location

Noida | India

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Job description

Particular focus of the role includes:

• Responsible for producing the experience studies results and proposing assumptions
• Understand and analyse the data required to produce the studies.
• Provide explanation and analysis of results to key stakeholders including the production of written reports;
• Produce the impact of the assumption change
• Support in specification and validation of new methodologies, and models for any existing or new studies
• Proactive interaction with other teams such as the modelling team and analysis team to make sure that the experience studies are in line with the relevant products which are modelled
• Enhancement of the experience studies process, especially to overcome any limitations which was previously in the study
• Work on any change request in the experience studies which are approved by the chief actuary.

Job Responsibilities

To support the delivery of the following objectives:

Experience Studies:

• Request for the relevant data from the data IT team
• Validate the data with appropriate checks and controls to make sure the data is apt for conducting experience studies
• Create appropriate summary of the data which can be shared to the relevant stakeholders
• Convert the data to be input ready for the study and apply appropriate reconciliation of data if any data needs to be excluded based on the exclusion criteria
• Interpretation of experience studies results and proposal of new assumptions to be shared with the stakeholders
• Error free, clear communication of results via memos, reports or presentations.

Key Performance Indicators (KPIs) of Position:

• Error free preparation of experience studies 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

Education

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

Experience

• Around 2-3 years of actuarial experience, 4-5 Actuarial exams, with interest to be a fellow with relevant reporting experience

Knowledge and skills (general and technical)

Essential experience, skills and competencies:

• Experience in working with large data and able to summarize the data
• Excellent Microsoft Excel/Word/ VB/ VBA skills
• Experience in SQL is preferable (Python/ R coding skills would be a plus)
• 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
• Good understanding of Regulatory Reporting, IFRS, and EV/VNB reporting;
• Demonstrable experience of insurance products sold by MetLife globally being a distinct advantage;

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Salary