Actuarial Governance Senior Consultant

Description and Requirements
The Team You Will Join
This position will be a member of the Actuarial Governance team which is part of the Actuarial Services Department. Actuarial Governance is responsible for developing, guiding and governing actuarial policies, methods, processes, and standards of practice globally. The team's responsibilities include developing actuarial policies to keep MetLife's actuaries in compliance with relevant financial reporting requirements and actuarial standards of practice. Our work includes performing peer reviews and identifying opportunities to enhance actuarial practice and processes within Actuarial to be more consistent, efficient and principled.
The Opportunity
This role is a dynamic and exciting opportunity for an intellectually curious, critical thinking aspiring actuary to learn and grow in Actuarial expertise, knowledge and relevant skills and to gain exposure to upper management. We will expect and encourage independent thinking and analysis of actuarial processes and practices. We will provide support and coaching, where necessary, on concepts, theories, and feedback to enable you to work more confidently and effectively. You will get to work and interact with actuarial professionals globally, especially with regional chief actuaries and their valuation and experience studies staff, along with other colleagues in Finance, Audit and Risk. The senior actuarial associate will be principally responsible for coordinating various efforts to document actuarial practices and to assist in analyzing them for appropriateness and providing recommendations for improvement.
Success at this role is the ability to think critically and with an growing understanding to further actuarial practice. The incumbent will need to gather information, including through independent research, analyze and synthesize it for relevance and based on understanding and then through discussion with others, and asking questions designed to understand actuarial practice and thought processes of other actuarial experts, provide analysis, observations and recommendations for them to consider in enhancing their work. The incumbent will need to work with lead actuaries responsible for valuation throughout the global organization and sometimes more senior actuaries in performing this role.
How You'll Help Us Build a Confident Future (Key Responsibilities)

• While the work we do changes to meet the needs and priorities of the actuarial community and of MetLife overall, the incumbent will work on:
  • Peer reviewing, developing and maintaining documentation of actuarial processes for reinsurance valuation and support of reinsurance reporting
  • Peer reviewing actuarial processes such as experience studies and assumption updates for several lines of business, providing recommendations, tools and guidance as needed.
  • Developing, explaining and enhancing compliance with actuarial practice standards and guidelines, which include MetLife Actuarial Practice Standards (MAPS) and related guidance; regulatory guidance and financial reporting standards and practices
  • Developing and testing calculation tools, analytics and AI enabled tools to assess or enhance actuarial practice and processes.
  • Collaborating with actuarial departments to develop plans and processes that address MetLife governance and control requirements such as Data Governance and other emerging actuarial issues
  • Planning, preparing for and documenting Actuarial Governance & Controls Steering Committee meetings which include senior actuaries from different regions and areas of responsibility.

What You Need to Succeed (Required Qualifications)

• • Graduates of Actuarial science or graduates of Mathematics, Computer Science, Finance, Accounting or Engineering with actuarial background
  • 5+ years relevant experience in the insurance industry
  • Experience with understanding actuarial methods and processes and controls from an actuarial risk perspective
  • Ability to work independently and to communicate with a global group of actuaries who will have technical thinking in common
  • Strong modeling, technical, analytical, and problem-solving skills

What Can Give You an Edge (Additional Skills)

• • Ability to manage multiple projects at once and flexibility to adjust to changing priorities
  • Excellent organizational and time management skills
  • Flexibility in meeting with those in different time zones across the globe
  • Excellent communication and social skills

Benefits We Offer
Our benefits are designed to care for your holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer health care coverage for you and your family, insurance discounts for home, car, and pet protection, as well as parental leave. We also provide premium gym membership for you and your direct relatives, volunteer time off, discounts with specific universities, flexible Fridays, connectivity reimbursement, and much more!
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies", 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.
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 empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
At MetLife, we are committed to fostering diversity among employees, through non-discriminatory treatment for reasons of gender, gender expression, sexual orientation, religion, age, nationality, marital status, disability, physical or economic condition, HIV and embarrassment as a requirement for entry, permanence or ascension and there is equal employment opportunities.
#BI-Hybrid