Actuarial Specialist

MetLife; Dadri; On-site; INR 800,000 - 1,200,000; Full time

Job summary

MetLife India in Dadri seeks an actuarial professional to support valuation and financial reporting across US GAAP, local statutory, and IFRS 17 frameworks for Asia life insurance products. The role partners with local offices and global stakeholders to ensure accurate reserves and analyses.

Candidates with 2–3 years of actuarial experience and a degree in actuarial science or related field are preferred; progress toward actuarial qualification is encouraged.

Qualifications

• 2 to 3 years of actuarial work experience.
• Degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress toward actuarial qualification preferred.
• Prior experience in life insurance valuation or reporting is an advantage.

Responsibilities

• Perform US GAAP, US STAT, and Local Statutory valuations for life insurance products.
• Support IFRS 17 reporting, including ongoing reporting and implementation activities.
• Assist with risk-based capital, solvency regime, and regulatory reporting requirements.
• Conduct experience studies (mortality, lapse, expenses) and support assumption setting.
• Analyze and explain movements in reserves and financial results.
• Prepare and maintain actuarial documentation, methodologies, and audit support materials.
• Collaborate with cross-functional teams including Finance, IT, and external consultants.
• Ensure accuracy, integrity, and timely delivery of actuarial outputs.

Skills

Valuation concepts

IFRS 17

US GAAP analysis

SQL

Analytical skills

Communication

Education

Actuarial Science degree

Mathematics/Statistics background

Actuarial qualification progress preferred

Tools

Prophet

SQL

Job description

Role Summary

The role supports actuarial valuation and financial reporting activities for Asia life insurance businesses across multiple accounting and regulatory frameworks. The incumbent will work closely with local offices, finance, and global stakeholders to deliver accurate reserve calculations, IFRS 17 reporting, and related actuarial analyses.

Role Summary

The role supports actuarial valuation and financial reporting activities for Asia life insurance businesses across multiple accounting and regulatory frameworks. The incumbent will work closely with local offices, finance, and global stakeholders to deliver accurate reserve calculations, IFRS 17 reporting, and related actuarial analyses.

Key Responsibilities

• Perform US GAAP (US GAAP), US STAT, and Local Statutory valuations for life insurance products
• Support IFRS 17 reporting, including ongoing reporting and implementation / enhancement activities
• Assist with risk-based capital, solvency regime, and regulatory reporting requirements
• Conduct experience studies (mortality, lapse, expenses, etc.) and support assumption setting
• Analyze and explain movements in reserves and financial results
• Prepare and maintain actuarial documentation, methodologies, and audit support materials
• Collaborate with cross-functional teams including Finance, IT, and external consultants
• Ensure accuracy, integrity, and timely delivery of actuarial outputs

Technical Skills

Key Skills & Competencies

• Strong understanding of reserving and valuation concepts
• Solid knowledge of cashflows, financial statements, and insurance accounting
• Good understanding of IFRS 17 principles and reporting framework
• Prophet user experience preferred (model development experience is not mandatory)
• SQL
• Strong analytical and problem-solving skills

Professional Skills

• Ability to work independently with minimal supervision
• High level of integrity and professional judgment
• Takes ownership and accountability for deliverables
• Strong written and verbal communication skills
• Able to clearly explain technical results to non-technical stakeholders

Qualification & Experience

• 2 to 3 years of actuarial work experience
• Degree in Actuarial Science, Mathematics, Statistics, or related field
• Progress toward actuarial qualification preferred
• Prior experience in life insurance valuation or reporting, knowledge of participating business is an advantage