Description

Department:  Global Asset Liability Management, GALM, acts as a trusted advisor to ALM committees and Investments regarding investment plans and strategies. The team is responsible for projections of liability market values and key measures such as duration, partial durations, and convexity. These projections are also used by Global Risk Management for Economic Capital.  GALM also performs asset adequacy analysis and loss recognition testing. It also supports regulatory reporting for the company’s Bermuda entities.

Role Value Proposition:

This role will be to support all aspects of activity in the team, working closely with an existing team of actuaries focusing on the following key areas: (1) Reinsurance modelling developments, (2) analysis and reporting per Bermuda’s regulatory requirements, (3) organize, co-ordinate, and support governance requirements and meetings, and (4) ALM reporting. The reporting work is predominantly for MetLife Japan’s business.

This is both a technical role that will develop excellent analysis knowledge and a sound understanding of reinsurance, capital management and Bermuda regulations, as well as a role that will develop soft skills in the preparation and presentation of reports to senior stakeholders.

Key Relationships:

• Reports to: Vice President and Actuary
• Team:  The person will be one in a team of six
• Key Stakeholders: Japan ALM committee, Enterprise Capital Management team, and Global Risk Management - both in Japan and US.

Key Responsibilities:  

• Produce and analyze results for quarterly reserving with respect to MetLife Japan’s reinsured business subject to the Scenario Based Approach (SBA), and/or Standard Reserving as required by the Bermuda Monetary Authority (BMA)
• Work closely with Production team to get results-generation automated
• Work with Modelling team to implement model enhancements per the reinsurance treaties, to ensure robust and accurate reporting – will require knowledge of both asset and liability modeling
• Preparing SBA interest rate scenarios and investment assumption model inputs
• Proactively work to address queries/concerns from both internal and external stakeholders regarding Bermuda reporting

Requirements

Essential Business Experience and Technical Skills:

• Fellow of Society of Actuaries (or equivalent)
• Degree in Actuarial studies, Mathematics, or Statistics
• 5-7 years’ work experience in an actuarial or investment role
• Expert Prophet coder, including Prophet ALS                                   
• Expert in VBA, knowledge of Python (NumPy and Pandas would be a plus)
• Knowledge of capital markets, interest rate theory, derivatives, and fixed income investment products
• Advanced practical and theoretical knowledge of actuarial modeling and analysis
• Strong written and oral communication skills
• Strong data analysis skills and attention to detail

The following would be advantageous but are not essential:

• Knowledge of Reinsurance
• An understanding of Life & Health products