Actuarial Manager

  • Full Time
  • GCC

Job Status : Active

π‰πŽπ π’π”πŒπŒπ€π‘π˜
As an Actuarial Manager, you will oversee IFRS 17 reporting, insurance liability valuations, and actuarial modeling. You will ensure compliance, enhance methodologies, and provide financial insights to support strategic decision-making. Collaborating with finance and risk teams, you will drive accurate reporting, profitability analysis, and business planning.

ππ”π€π‹πˆπ…πˆπ‚π€π“πˆπŽππ’, π’πŠπˆπ‹π‹π’ & π„π—ππ„π‘πˆπ„ππ‚π„:
1. Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
2. Actuarial certification from a recognized actuarial body or progress in actuarial exams (e.g., SOA, IFoA).
3. Minimum 5 years of actuarial experience, preferably in an insurance or Big 4 environment.
4. Strong knowledge of IFRS 17 standard.
5. Experience in reserving, data analysis, and financial reporting.
6. Proficiency in R, Python, or other programming languages for automating data flows.
7. Advanced knowledge of Microsoft Excel.

π‰πŽπ π‘π„π’ππŽππ’πˆππˆπ‹πˆπ“πˆπ„π’:
1. Manage regular IFRS 17 reporting cycles, ensuring timely and accurate deliverables.
2. Maintain and update IFRS 17 methodology and accounting policy documentation.
3. Ensure valuation methodologies for insurance liabilities align with IFRS 17 guidelines.
4. Maintain and enhance actuarial models used for IFRS 17 calculations.
5. Oversee data transformation and validation processes, ensuring data integrity.
6. Maintain and refine the framework for actuarial assumptions in cash flow estimates.
7. Refine and monitor expense allocation frameworks for accurate cost attribution.
8. Maintain and refine risk adjustment methodology and calculations.
9. Analyze financial results, identifying key drivers of profitability and variances.
10. Ensure continuous compliance with IFRS 17 requirements and internal policies.
11. Assist in valuing insurance contract liabilities and preparing relevant reports.
12. Maintain the reserving framework, including models, data processes, and documentation.
13. Support the development of forecasts, budgets, and strategic planning.
14. Collaborate with finance, risk management, and other departments to provide actuarial expertise.

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