Actuarial Consultant

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

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!