Senior Actuarial Analyst
Job description / Role
Job TypeFull Time
Job Location
UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Finance, Business Analysis & Consulting
Company Industry
Finance, Investment & Asset Management
The senior actuarial analyst role
The senior actuarial analyst will work on different areas of actuarial practice related to the underwriting department, mainly for health reinsurance business, using actuarially and statistically accepted methods. They will work closely with different members of the team and will be supervised by both the actuarial assistant manager(s) and the actuarial manager.They are expected to work independently at times with little guidance and at other times under more supervision and detailed guidance, depending on the nature of the project.
What you do
The senior actuarial analyst is expected to work on different types of projects and tasks handled by the actuarial team, which include but are not necessarily limited to the following:
- Developing, testing, and maintaining the pricing tools used by internal and external underwriters
- Maintaining and enhancing the other models and tools used in the department
- Assisting in the reporting of reinsurance statements
- Analyzing reinsurance treaties - new opportunities and renewals
- Carrying out pricing exercises and setting the book rates for different products and markets
- Portfolio monitoring and profitability analysis
- Assisting in underwriting and pricing large policies or special arrangements
- Carrying out experience analyses
- Assisting in the reserving exercises
When carrying out the different types of tasks, they are required to:
- Maintain proper documentation of all work performed and prepare manuals or technical sheets when needed (products developed, tools created, etc.)
- Adhere to professional standards, including when communicating findings and recommendations to colleagues, management, or clients
- Bachelor's degree; certification in actuarial science background preferred
- Four years of relevant experience, including in particular health insurance
- Good knowledge of reinsurance principles is a plus
- Fluency in English
- High analytical skills and numerical ability, including analyzing and interpreting complex data
- A high degree of proficiency and experience in Excel and in VBA (or other programming languages like R and SQL) are required
- Experience in Alteryx is a plus
- Legally permitted to work in the country of operations
- Strong attention to detail
- Strong project management and time management skills
- Ability to work under pressure and meet tight deadlines
- Ability to work independently
- High level of discretion in dealing with and handling confidential information
- Ability to collaborate with other teammates at all levels and maintain a strong team spirit
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow, and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love, or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, or sexual orientation.
Great to have you on board. Let's care for tomorrow.
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