Actuarial

About This Role

Job Description

Role Purpose:

Accountable for running periodic regulatory reports, a supporting role for the monthly reserving exercise and ensure delivering external and internal reports by meeting deadlines.

1-Management Reporting:

• Execute all month-end reporting Netbilled Summary, ensuring adequacy of Technical reserves and performing necessary actuarial analysis.
• Implement existing technical models to evaluate expected reserves and ensure timely submission in accordance with regulatory presentation.
• Execute the AOP and outlook modelling
• Partnering with necessary departments to ensure capturing all risks related to claims and premium reserves.

2-Regulatory Reporting:

• Ensure meeting regulatory reports deadlines and follow up queries.
• Engaging with external partners to ensure adequate model is in place and utilize it internally.
• Support the business representatives to address all queries through the governed lines of communication
• Execute newly established regulatory practices and ensure proper documentation is in place.

3-Data Management and Enhancements:

• Implement solutions for modelling and reporting challenges.
• Maintaining data and model governance.
• Develop and document data model elements and maintain high quality database

4-Team Leadership:

• Cyclical KT sessions with actuaries to ensure knowledge transfer.
• Present business updates and support team in learning (NBS, quarterly reserving and Business trends analysis)

5-Business Intelligence:

• Carry out current forecasting methods and develop methodologies to accommodate different business risks.
• Monitor inflation/business trends (i.e. mix impact) and ensure alignment with operation finance
• Preform relevant co-insurance and reinsurance treatments upon reporting financial results.
• Execute business intelligence tool to help the business succeed as a holistic progressive finance function. (i.e. Back-testing report, Shortfall reconciliation, reserving adequacy tests).

6-Business Support:

• Carry out analysis of existing and newly launched products
• Support regulatory financial initiatives (i.e. IFRS17) and ensure project delivery.
• Support reinsurance team in reporting and analysis.

Skills

• Strong MS Office skills.
• Excellent SAS/SQL/Excel VBA skills
• Extensive knowledge of statistical modelling techniques such as regression, seasonality analysis and others.
• Strong data management and analytical reporting skills.
• Good progress with actuarial exam (Preferred).
• Strong presentation and communication skills.
• Process and results oriented.
• High attention to detail.

Education

Bachelors of Actuarial Science