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Job Summary
Zurich Middle East is part of Zurich Insurance Group, one of the world’s largest and most experienced insurers. Our mission is to help our local community understand and protect themselves from risk both locally and globally.
Reporting to Finance Manager M.E, the Actuarial Analyst is expected to perform analysis of technical / actuarial results under IFRS17 for the ME business, valuation of business cases for distribution, support on external audit management, regulatory reporting and acts as M.E pricing & propositions business partner.
Job Accountabilities
As Underwriting Service Specialist, your role will involve:
- Calculates actuarial best estimate reserves (loss and premium), planning, and profitability analyses for defined segments of insurance business.
- Performs research, loss emergence studies, and other statistical analyses.
- Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
- Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.
- Performs research, experience studies and other statistical analysis.
- Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.
- Performs experience investigations and data validation.
- Establishes and runs actuarial cash flow models for use in actuarial reporting.
- Provide support for calculation of statutory reserves and financial valuations.
- Provides product development and pricing support.
- Analysis of Insurance technical projections for Forecast, Planning, Actuals
Job Qualifications
To be successful in this role, you will need:
- Bachelor’s degree and 3 or more years of Life actuarial experience.
- Part-qualified FIA, FSA or equivalent
- Strong written and verbal communication, with the ability to present complex concepts to a non-technical audience
- Experience in analysis, assumption setting
- Excellent ability to work with data
- Meticulous in preparing and checking work paying close attention to detail.
- Committed and determined to meeting deadlines.
- Strong organization skills with time management
- Ability to multi-task and work in a dynamic team
- Excellent Excel and other MS Office skills
- Willing to challenge current processes and practices with a view for improvement.
Preferred Skills:
- Strong Programming / Visualization skills e.g. R, PowerBi, Prophet
- Knowledge of and experience with Prophet or other actuarial modelling software
- Knowledge of relevant regulations and the impact on pricing, reserving and reporting
- Knowledge of IFRS17
- Knowledge of Embedded Value
Why Zurich
At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?
We are an equal opportunity employer who knows that each employee is unique – that’s what makes our team so great!
Join us as we constantly explore new ways to protect our customers and the planet.
- Location(s): AE – Dubai
- Remote working: No
- Schedule: Full Time
- Recruiter name: Leigh Jeremy Jaye Santander
