Actuary

17363

Summary of Position Responsibilities

Responsibilities

**1.** **Gulf IFRS 17 Reporting**

• Lead quarterly and year‑end IFRS 17 actuarial reporting across all Gulf entities, ensuring accuracy, timeliness, and strong governance.
• Review reserve analysis, valuation assumptions, model changes, and disclosures; clearly explain key drivers and impacts.
• Drive enhancements and automation to IFRS 17 data, systems, and processes to improve robustness and efficiency.
• Prepare audit‑ready and regulator‑ready reporting
• Lead Gulf IFRS 17 balance sheet and income statement projections
• Proactively identify emerging risks, analytical gaps, or process weaknesses and propose necessary enhancements to strengthen actuarial insight, governance, and controls.

**2.** **Statutory & LDTI Valuation Support**

• Oversee timely provision of data and review actuarial valuation results and entries for reasonableness and trends.
• Support interpretation and communication of results, key movements, and risks to senior management.

**3.** **Actuarial Governance & Regulatory Support**

• Support the Gulf Chief Actuary in maintaining actuarial policies, procedures, and controls in line with regulatory and internal requirements.
• Contribute to statutory and regulatory actuarial reporting, solvency monitoring, and impact assessment of regulatory changes.
• Provide actuarial advice on pricing, risks, capital, and the ability to meet policyholder obligations.

**4.** **Experience Studies & Assumptions**

• Oversee annual experience studies (e.g. mortality, lapse, expenses) and ensure timely delivery and robust analysis.
• Review and verify trends and impacts against prior years and recommend Best Estimate assumptions for statutory, GAAP, and VNB purposes

**5.** **Collaboration & Stakeholder Management**

• Work closely with actuarial, finance, and cross‑functional teams (Products, Operations, IT) to deliver robust end‑to‑end outcomes.
• Provide actuarial leadership, constructive challenge, and support to broader actuarial initiatives as needed.

**6.** **Professional Development & Capability Building**

• Pursue ongoing professional development, including actuarial exams and training.
• Contribute to team capability through knowledge sharing, coaching, and technical review support.

Key Performance Indicators (KPIs) of Position

• Timely and accurate completion of statutory valuations in compliance with regulatory, actuarial, and governance requirements, with no material audit issues.
• Annual experience studies and assumption updates completed by Q3, with approvals, documentation and implementation across relevant valuations.
• On‑time delivery of monthly and quarterly GAAP valuations, with high‑quality results, minimal rework, and well‑explained movements versus prior periods.
• Policyholder bonuses and crediting rates appropriately analyzed, approved through governance, and implemented ahead of year‑end.
• Effective management of valuation risks and controls, evidenced by stable processes, effective stakeholder communication, and positive audit outcomes.

Experience, Skills and Competencies

• Associate of the US Society of Actuaries, UK Institute and Faculty of Actuaries, or equivalent.
• Bachelor’s degree in Mathematics, Actuarial Science, or a related field.
• 5–7 years of actuarial experience, including at least 2 years in actuarial valuation.
• Prior experience with IFRS 17 valuation and reporting is required.
• Strong actuarial knowledge across valuation, reserving, pricing, and actuarial analysis, with understanding of local valuation regulations.
• Strong analytical judgment, attention to detail, and ability to work independently under tight reporting deadlines.
• Good interpersonal and problem‑solving skills; able to work effectively under pressure.
• Team player with flexibility to support multiple priorities.
• Fluent in English; local language skills are an advantage.
• Proficient in Excel, Word, and PowerPoint; advanced Excel skills preferred.

About MetLife