Location
Noida | India
Job description
Position Summary
Focus of the role includes:
- Responsible for managing pricing for Nepal
- Develop and support the team for various activities:
- Support automation projects
- Provide production steward reviews for new Prophet models for pricing new Products
- Develop strong working relationships and strategic partnerships with internal clients (e.g. Dev team, QA team, local office, IT and other users of models) to ensure a high degree of customer satisfaction
- Lead a team of Noida/Nepal based actuarial students to support Senior Manager and ensure critical focus on core deliverables throughout.
Job Responsibilities To support the delivery of the following objectives: - Develop/enhance pricing models for new product initiatives
- Price products using appropriate assumptions and ensure financials and risks meets company's guidelines
- Able to communicate effectively and present the financial metrics to Appointed Actuary and Regional Office to seek for product approval, based on the company's guidelines on risk and profitability
- Coordinate efforts to file applications with various stakeholder to allow operations of products and services
- Direct efforts to obtain regulatory approval to introduce new viable insurance products to the marketplace
- Work closely with department management to introduce new products and features into the underwriting and claims departments daily function in addition to ensuring that all relevant business units are equipped with the necessary tools and data to economically deliver insurance products
- Contribute knowledge and expertise toward executive presentations to the senior management, Press Releases.
- Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications
- Provide desired output using actuarial software like PolySystems/Prophet/Product pricing related system.
Key Performance Indicators (KPIs) of Position: - Review necessary enhancements to the Pricing Models.
- Validation of changes made in the Models for Pricing.
- Contributing towards good team morale and positive team engagement and professional development
- Ensuring excellent communication between Noida/Nepal based team and stakeholders based in different geographical locations
- Taking ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team
Knowledge, Skills And Abilities Education - Should be a Graduate preferably in Actuarial Science/ Mathematics/ Stats/ Commerce Stream
Experience - Around 5 years of actuarial experience with 8+ actuarial exams and experience in Pricing.
Knowledge and skills (general and technical)
Essential experience, skills and competencies: - 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
- Excellent Excel/VB/ VBA skills
- PROPHET and POLYSYSTEMS models.
- Knowledge of SQL, R and ability to learn new software.
Other Requirements (licenses, Certifications, Specialized Training – If Required) MetLife: 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 help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
We are ranked #44 on the Fortune 500 list for 2019. In 2019, we were named to the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. DJSI is a global index to track the leading sustainability-driven companies.
MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.
MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
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