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Head - Actuarial Reserving

Date Posted
1st November 2016
Reference
CR0111161
Sector
General Insurance
Job Type
Permanent
Location
Oman & UAE
Benefits
Excellent Package
Salary
Negotiable

Job Description Apply: Head - Actuarial Reserving

Jobs like this involve providing multi-disciplinary actuarial information, advice and services, particularly with respect to reserving, to support and enable appropriate reserves to be reported in financial statements.  You will spend your time developing reserving and actuarial/statistical models, conducting detailed actuarial analyses and contributing to business development, management and change activities.  You will work with and lead other actuarial/statistical colleagues and information suppliers/customers delivering ‘fit for purpose’ actuarial information, advice and services.  Typically you will be one of a central team of Reserving specialists or may be the Reserving specialist in a multi-disciplinary team in Actuarial or Finance.  You will have strong analytical, communication and relationship management skills.

  • Specifying, building and operating actuarial and statistical models to meet business needs and requirements, ensuring methods and assumptions used are appropriate and consistent with relevant Group/Regional guidelines and reflect material regulatory requirements.
  • Contributing to reserving and business planning and management processes through the provision of accurate and timely information, reports and/or forecasts and appropriate commercial actuarial advice and services.
  • Developing actuarial/statistical models as required to support and inform business activities and decisions.
  • Conducting detailed actuarial analyses as required, including working with complex or partial data, to produce timely, accurate, insightful and commercially appropriate outputs.
  • Building and maintaining effective working relationships with information suppliers and users/customers in order to ensure information is ‘fit for purpose’.
  • Contributing to corporate transactions and business change activities providing accurate and reliable models and forecasts to support decision making and action planning.
  • Reviewing and approving actuarial/statistical work done by others, ensuring it is accurate, complete, uses appropriate methods and assumptions and is generally ‘fit for purpose’.      
  • Leading and contributing towards the development of less experienced colleagues to raise standards and expertise across the team

This role is part of the Middle East regional team, with specific focus on Oman & UAE. Reporting to the CFO, UAE & Oman, with a matrix reporting to the Chief Actuary- CEEME. Management of internal and external audit on all actuarial related activities, including but not limited to capital/solvency Impart training on and management of ROCA & Trading COR. Will be the ME holding company’s registered Actuary, with associated responsibilities to the CBB. For this role, you will have a dotted line reporting to the CFO & Company Secretary, ME. 

Please email for a comprehensive Job Specification


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