Actuarial Analyst

Actuarial Analyst
  • Abu Dhabi
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  • Job Country: UAE
  • Job Industry: Finance, Banking & Insurance
  • Job Profile: Actuarial Analyst
  • Training Duration: 1 month
  • Number of Jobs Opening: 65
  • Salary: 150000 ( 150000 - 250000 Per Month)
  • Job Type: Full Time
  • Visa: Provided by company
  • Food: Provided by company
  • Accommodation: Provided by company
  • Air ticket: Provided by company
  • Medical Insurance: Provided by Company
  • Commuting to job location: Provided by company
  • Required Experience: 3 Years
  • Minimum Education Level: Bachelor’s Degree
  • Primary Language Requirement: English
  • Level of Language: Beginner
  • Secondary Language Requirement: English
  • Employee Acceptance: International
  • Work Location: Work at Office/Being at Work
  • Hiring Need: Immediate

Job Description: We are currently seeking a highly analytical and detail-oriented Actuarial Analyst to join our team in Abu Dhabi, UAE. As an Actuarial Analyst, you will be responsible for performing actuarial analyses, conducting risk assessments, and providing insights to support decision-making in the insurance and financial industry. This position requires a strong understanding of actuarial principles, excellent mathematical and statistical skills, and proficiency in using actuarial software. Key Responsibilities: Data Analysis and Modeling: Collect and analyze data related to insurance policies, claims, and financial performance. Develop mathematical models and use actuarial software to perform statistical analyses and projections. Risk Assessment: Conduct risk assessments and evaluate the financial implications of potential risks. Estimate future liabilities, calculate reserves, and analyze the impact of risk factors on insurance portfolios. Pricing and Product Development: Assist in the development of insurance products by analyzing pricing models, assessing profitability, and determining appropriate premium rates. Collaborate with underwriters and product managers to ensure competitive and sustainable product offerings. Financial Reporting: Prepare actuarial reports, financial statements, and regulatory filings in compliance with accounting standards and regulatory requirements. Provide insights and recommendations based on the analysis of financial data. Portfolio Management: Monitor and analyze the performance of insurance portfolios, identifying trends, and assessing the financial health of the business. Provide recommendations for portfolio optimization and risk management strategies. Regulatory Compliance: Stay updated on relevant insurance regulations and ensure compliance with regulatory requirements. Assist in the development and implementation of internal controls and processes to meet regulatory obligations. Collaboration and Communication: Collaborate with cross-functional teams, including underwriting, finance, and claims, to gather data, share insights, and support business decision-making. Communicate complex actuarial concepts and findings to non-technical stakeholders in a clear and concise manner. Continuous Learning: Stay abreast of industry developments, actuarial methodologies, and emerging trends in insurance and financial markets. Pursue professional development opportunities to enhance actuarial knowledge and skills.

Job Requirement: Requirements: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field. Progress toward actuarial certifications such as SOA or CAS is preferred. Proven experience as an Actuarial Analyst or in a similar role within the insurance or financial industry. Strong mathematical and statistical skills, with proficiency in actuarial modeling and software. Knowledge of actuarial principles, insurance products, and risk management concepts. Excellent analytical and problem-solving skills to assess complex data and interpret results. Strong attention to detail and accuracy in data analysis and calculations. Proficient in using actuarial software and tools such as Excel, SAS, or R. Strong communication and interpersonal skills to collaborate with cross-functional teams. Ability to work independently, manage multiple priorities, and meet deadlines. Familiarity with insurance regulations and accounting standards. Fluency in English; additional language skills are advantageous.

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