
Actuarial Consulting Manager
1 day ago
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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