Actuary - General Insurance
About this role
Job Title: Actuary - General Insurance
1- year Employment Contract (renewable)
Hybrid: Approximately six months remote and six months on site
Duties:
• Develop and maintain insurance pricing models to accurately reflect risk and ensure competitive pricing in the market. • Analyze and report on the financial implications of various insurance products and recommend suitable pricing strategies. • Conduct reserve calculations to accurately estimate future claim payments and ensure the clients' financial stability. • Collaborate with clients' underwriting, product development, and finance teams to provide actuarial input and support business decisions. • Reviewing historical claims data to identify patterns and adjust underwriting strategies. • Designing reinsurance programs to mitigate risks and optimize clients' exposure to large losses. • Stay informed of industry trends, regulatory changes, and actuarial best practices to ensure compliance and optimize clients' business strategies. • Engaging with clients, auditors, regulators and other stakeholders. • Working to tight deadlines and keeping up to date with changes in actuarial science and emerging technologies in the insurance industry.
Experience:
• Strong background in general insurance with proven 5+ years of work experience in a similar role. • Hands on experience and familiarity with Solvency II, IFRS 17, and other relevant regulatory frameworks. • Proficiency in statistical tools and programming languages such as R, Python, or SQL. • Expertise in actuarial software like ResQ, Igloo, or other reserving and pricing platforms. • Ability to communicate complex actuarial concepts to a non-technical audience.
Qualifications:
• Bachelor ’ s degree in mathematics, statistics, actuarial science, economics, or a related field. • Membership or certification from the Institute and Faculty of Actuaries (IFoA), or equivalent.
Job Benefits:
• Accommodation • Medical Insurance • Annual Flight Allowance • Full Relocation Covered • Tax-Free Salary & Benefits • Annual Leave 30 Days