Actuary Full Time NEW

Description and Requirements

Summary of Position Responsibilities:

We are seeking a technically strong and highly motivated Actuary to take end‑to‑end ownership of Gulf IFRS 17 valuation and related actuarial reporting. This role offers a strong opportunity for an independent actuary to deepen IFRS 17 expertise while operating as the primary actuarial owner for IFRS 17 matters across the Gulf.

The successful candidate will lead Gulf IFRS 17 reviews, analysis, audits, and reporting activities, working closely with finance, auditors, and senior stakeholders. Responsibilities include assessment of best estimate assumptions and related impact analysis, value of new business analysis, KPI monitoring, and solvency projections and monitoring, as well as broader actuarial support to the Gulf Chief Actuary.

The role requires strong actuarial judgment, independent problem‑solving capability, and the ability to manage complex actuarial topics with limited supervision, while delivering robust, audit‑ready results within tight reporting timelines.

Principal Accountabilities of Position:

• 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.
• 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.
• 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.
• 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
• 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.
• 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

Recognized on Fortune magazine’s list of the “World’s Most Admired Companies” and Fortune World’s 25 Best Workplaces™, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

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!