Actuarial Specialist

MetLife; Dadri; On-site; INR 1,500,000 - 2,400,000; Full time

Job summary

MetLife in India seeks a specialist to develop, maintain and improve tools for Solvency II calculation and analysis, supporting quarterly production to ensure robust, timely results. You'll maintain BEL/RA and SCR tools, implement changes from regulatory updates, translate requirements into tool specs, and strengthen automated checks, reconciliations and audit trails for accuracy and control.

Collaborating with actuarial, modelling, finance and IT teams, you will help deliver changes into

Job description

This role sits within the EMEA Solvency II Development team and is primarily responsible for developing, maintaining and improving the tools and processes used to calculate and analyse Solvency II results. The role will also support quarterly Solvency II production to help ensure robust, timely and well-controlled delivery of results.
Key responsibilities
Solvency II Development - primary focus

• Maintain and enhance Solvency II calculation and reporting tools, with a focus on BEL/RA and SCR production, analysis and controls.
• Implement tool and process changes arising from regulatory updates, methodology developments and business requirements.
• Translate agreed business and actuarial requirements into practical tool specifications, calculation logic, test scenarios and implementation plans.
• Perform impact assessments and support end-to-end testing, including test execution, result reconciliation, defect investigation and evidence retention.
• Strengthen automated checks, reconciliations and audit trails to improve accuracy, control and transparency across the Solvency II process.
• Identify opportunities to simplify workflows, reduce manual intervention and improve the efficiency and resilience of recurring production activities.
• Maintain clear documentation for tool logic, methodology, operating procedures, controls, testing and change history.
• Work with actuarial production, modelling, finance, risk, IT and other stakeholders to deliver changes into production in a controlled manner.

Solvency II production and analysis - supporting focus

• Support quarterly calculation and analysis of BEL/RA and SCR under the Standard Formula methodology.
• Produce and analyse base and stressed BEL results, investigate movements and support explanation of material drivers.
• Run, review and validate relevant Solvency II tools and outputs, escalating issues and supporting timely resolution.
• Support quarterly regulatory reporting deliverables, including QRT inputs, reconciliations, review packs and clear commentary on results.
• Provide production support during peak reporting periods and help ensure deliverables meet agreed timelines and quality standards.
• Support audit, control and governance requirements by preparing clear evidence and responding to review queries.