Senior Actuary

Confidential Company  Amman - Jordan  Date Posted: 2022/07/06   Login to Apply

Requirements

  • 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.
Required Skills
  • Finance
  • Insurance
  • Mathematical skills
  • Pricing Skills
Job Details
  • Location Amman - Jordan
  • Industry Other
  • Job Type Full-Time
  • Degree Bachelor
  • Experience 4 - 6
  • Nationality Unspecified
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