Description
Positions:
- Actuarial Associate
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- Assist in all actuarial related work and correspondence with the Consulting Actuary related to all lines of business namely individual life, group life, medical and P&C lines.
- A Prepare quarterly Actuarial Valuation Data for all lines of business including handling of all queries and checking for abnormalities in the data provided to the Consulting Actuary. Review quarterly valuation results provided by the Consulting Actuary.
- A Calculate Combined Ratios on quarterly basis for all short-term lines of business.
- A Calculate ratios on investments (quick ratio, current ratio, ROE and liquidity ratio) as part of ALM analysis on a quarterly basis.
- A Calculate NAV and unit prices of unit linked plans.
- A Prepare and conduct presentation for AM Best, respond to their queries and fulfill their data requirements.
- A Support and coordinate with relevant departments and Consulting Actuary with regards to regulatory submissions including quarterly valuations, pricing and performance review reports, product submissions.
- A Prepare annual budget of the company as per the regulatory requirements.
- A Assist the risk function in ORSA and recovery planning exercise by performing prospective solvency calculations, conducting stress/scenario testing and monitoring key risk indicators
- All product-related work including market research, developing/enhancing illustration tools, review of compensation structure, review of policy terms and conditions, review of pricing assumptions/results, submission of product to regulator, support to IT, review of marketing and training material, etc.
- A Assist the management and the Consulting Actuary with work related to the quarterly financial reporting as per IFRS 17 standard.
- Any other duty as and when assigned by the management.
Requirements
- A Bachelor's or Master's degree in actuarial science, mathematics, statistics or a related field. Actively pursuing actuarial exams.
- A Strong analytical and problem-solving skills.
- A Excellent communication and interpersonal skills.
- A Expertise in MS Office (Especially in Excel and PowerPoint). Experience of working for the UAE market would be a plus.
- A Ability to work independently or as part of a team. Experience:
- A Minimum 4 years of experience in insurance, reinsurance or in an actuarial consulting business. Prior experience in individual life insurance is preferred.
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About Company:
With over forty years’ experience, Alliance Insurance has grown to become one of UAE’s leading providers of premium insurance services to individuals, corporations and government bodies. Established in 1975, our business was founded on a commitment to excellence by providing unmatched customer service, security and reliability to our clients.
Building on these traditional values, we are proud to have played a part in the region’s exponential growth over the past four decades, and we continue to look forward and develop as a business to meet the needs of the region’s rapidly changing market.
Since the early days, our reputation as a leading service provider has grown by putting customers first; a philosophy that’s at the heart of our continued success. Our experience, expertise, professional partnerships and flexible approach give our clients confidence that their individual needs are being safeguarded.
Alliance gives you a level of confidence that goes far beyond what’s written in the policy document. We only work with world-class reinsurance partners, leaving you safe in the knowledge that our products give you the highest standard of security.
Our extensive network of UAE branches allows us to reach customers quickly, giving both individual and institutional clients a more dynamic service. Our helpful field staff and professional technical support team are available to give you prompt, quality service.
As a forward-thinking company we employ state-of-the-art technology to safeguard our way of doing business. In a constantly evolving hi-tech world, our information and communications systems adopt the latest innovation to better serve our customers.
How to Apply?
To be considered for any career position at Alliance Insurance P.S.C - Dubai, please apply through the application form or send your updated CV in Word or PDF format to Here
Interested candidates can send your CV to:
- hr@alliance-uae.com
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