Milliman Hiring for Consultant – ARE Job at Dubai Full Time

Qualifications

• Bachelor’s or master’s degree from a reputed institution.
• Exposure to IFRS-17 implementation assignments.
• Part qualified actuary from a reputable actuarial institute (SOA, IFoA, CAS, IAI, etc) AND/OR
• Accounting/Finance professional with diverse experience in insurance with strong knowledge of IFRS (ACCA, CPA, CMA, CFA, other reputable qualification).
• Expert knowledge of accounting and financial aspects of insurance operations.

Competencies

• Ability to assess data requirements and system implications for IFRS 17 clients.
• Expert knowledge on designing data dictionaries and chart of accounts for IFRS 17 clients.
• Ability to design and review future finance processes, workflows, and controls for IFRS-17 clients.
• Astute critical thinking skills, sound decision-making ability, and the ability to evaluate analyses for client communications.
• Ability to help plan projects, identify project deliverables, meet deadlines, and ensure compliance with quality procedures.
• Exceptional verbal and written communication skills.
• Ability to help identify client-specific issues and resources needed to solve problems.
• Dynamic people skills with the desire to develop a successful client base.
• Client focused and results oriented with proven ability to work in a fast-pace environment.
• Self-motivated, creative, and resourceful.

Job description

This position assumes full time employment as a ‘Consultant – Actuarial/Accounting’. You will be engaged to:

• Assist the Team Lead in IFRS 17 implementation projects for Middle East insurers.
• Conduct workshops with the clients on technical topics of IFRS17.
• Contribute to the development of technical papers to document key assumptions chosen by the client and help key decision makers to make informed choices.
• Advise clients on the governance side to ensure effective communication of key milestones, thereby reducing implementation delays.
• Understand the current data and IT systems of the clients, understand their workflows and evaluate data gaps while performing a data quality assessment.
• Assist in development of Business Requirement Document (BRD) for IFRS 17 Target Operating Model (TOM).
• Present functional design options to client.
• Advise and assist clients in selecting the appropriate IT vendors for IFRS 17 solution.
• Assist and guide the client in implementing the IFRS 17 vendor solution including UAT, dry-runs and parallel runs and interpretation of the results.
• Engage with External Auditors and other stakeholders during post-implementation phase to provide clarifications and training on using the end-user reports.
• Actuarial audits and financial due diligence.
• Work on projects involving pricing, product development, reserving, financial projections, mergers & acquisitions, and other related projects.
• Be responsible for reviewing the work of others, assisting with research, and supporting business development efforts.
• Train and mentor analysts who are working on the projects for which you are responsible;
• Expect to typically work on numerous projects simultaneously.
• Assist in drafting proposals and engagement letters to help facilitate the process of bringing in new clients and new assignments.
• Expected to add insights into the technical direction of projects, check initial solutions for reasonability, and assist Principals with client communications.
• Participate in client interaction that generally includes data collection, project updates, answering basic technical questions, and assisting in the delivery of results.

About Milliman

Milliman is among the world’s largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.