Actuarial Consulting Manager

1 day ago


Kuwait City, Al Asimah Baker Tilly Full time

Job Objective / Summary
Conduct the strategic and operational planning for the Department and manage the implementation of actuarial consulting engagements for clients.

Qualifications

  • Bachelor's degree in applied actuarial sciences
  • Holding a master's degree in applied actuarial science is preferable.

Professional Certificates
Passing academic requirements of the actuary certification, which includes:

  • Associate of the Society of Actuaries (ASA), USA;
  • Associate of Institute and Faculty of Actuaries (AIA), UK.

Experience

  • Minimum 3 years of experience in actuarial work.
  • Minimum 10 years of experience in insurance companies.
  • In addition to the above, experience with actuarial consulting firms is preferable.

Job Responsibilities

  • Prepare the Department's strategic plan and annual operational plan at service level and budgeting level;
  • Assist in preparing annual promotion plan for the Department services;
  • Develop creative copywriting of webpages related to actuarial consulting services;
  • Prepare technical and financial proposals submitted to clients;
  • Prepare the client engagement letters;
  • Implement the client engagements;
  • Review, evaluate and advise on the client's policy for actuarial matters, procedures and controls;
  • Prepare actuarial calculations;
  • Review and evaluate the client's solvency margin and financial and technical position;
  • Review, evaluate and make recommendations regarding the client's investment policy;
  • Review and evaluate the validity and accuracy of data and information on issues related to the calculation of technical reserves;
  • Review, evaluate and advise on reinsurance agreements and strategy to maintain the client's financial position;
  • Review and evaluate the client's general policy regarding insurance products, in addition to designing and developing the pricing policy and reviewing the terms and conditions of insurance policies and contracts;
  • Prepare monthly reports submitted to senior position;
  • Perform any other tasks that may be assigned to them by the direct manager.

Knowledge

  • International Financial Reporting Standard 17 (IFRS 17)
  • Law No. 125 of 2019 regarding the Regulation of Insurance and its Executive Bylaw
  • International Standards of Actuarial Practice (ISAPs)
  • Software used for managing insurance contracts from actuarial perspective

Technical Skills

  • Ability to calculate the actuarial technical reserves
  • Ability to calculate the solvency margin for insurance companies
  • Ability to establish corporate governance systems for insurance companies
  • Ability to prepare any other reports relating to the actuarial consulting as mandated by Insurance Regulatory Unit

Mandatory Requirements
Transferable residency.

What we Offer

  • Competitive monthly salary as compared to market benchmark.
  • Private health insurance
  • Annual salary review considering the annual performance evaluation

Why working at Baker Tilly?

  • A workplace with international standards
  • Working days from Sunday till Thursday
  • Working hours from 8 am till 5 pm with one hour break from 12 to 01 pm.
  • Growth in your career path based on job performance.
  • Sustainable training and career development.

Company Industry

  • Accounting & Auditing

Department / Functional Area

  • Accounts
  • Taxation
  • Audit
  • Company Secretary

Keywords

  • Manager
  • Actuarial Consulting
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