Bachelor’s Degree in mathematics, actuarial science, or statistics.
4-6 years of experience (as an actuary in the insurance industry).
Excellent command of English.
Excellent knowledge of Excel and ResQ software.
Laying down the mechanism, foundations, and assumptions for calculating cash flows, provisions & reserves, and creating policies to comply with IFRS17 standards.
Evaluating the basis for calculating technical ratios and setting the best estimate for technical reserves required under the insurance regulations and the company's policy and re-evaluating the same periodically.
Determining and evaluating the risks that the company is exposed to, resulting from the company's insurance business, and setting the necessary precautions in terms of providing technical & financial allocations to mitigate these risks.
Determining the mechanism, assumptions, and pricing bases for the insurance company's products (previous and new).
Make recommendations regarding the company's investments in proportion to the nature of the risks written by the company and the applicable production lines.
Evaluating the company's available information, identifying weaknesses (if any), and working with the Information Technology Department and Security Department to modify and develop.
Assistance and support in obtaining the company's financial rating from rating agencies.
Evaluating reinsurance agreements and providing recommendations on possible improvements to reduce the severity of the risks underwritten in line with the company's underwriting and pricing policies.