Actuarial Consultant

Description and Requirements
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 new 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
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World's 25 Best Workplaces™, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
As part of our New Frontier strategy, MetLife is building an AI-enabled, people-centered future. We're looking for people who bring curiosity, adaptability, and a growth mindset as we use AI to enhance how we serve customers, support communities, and evolve the way work gets done. At MetLife, AI is a responsible partner that supports human judgment, creativity, and continuous improvement while helping us build trust, inclusion, and long-term value.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
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