Actuarial Manager

About the Company

We are a dedicated insurance and financial-services firm focused on prudent risk management, actuarial precision, ongoing profitability, and informed decision-making supported by data. Our teams encompass Actuarial, Underwriting, Claims, Finance, Risk, Investments, Product, Compliance, Data Analytics, and Executive Leadership divisions that collaborate to understand risks, optimize portfolios, and drive sustainable financial results.

Role Overview

We are looking for an experienced Actuarial Manager to oversee actuarial functions including pricing, reserving, forecasting, capital modeling, portfolio analytics, and risk evaluation. This role involves leading strategic actuarial projects and delivering actionable insights that influence business decisions across the full insurance lifecycle from product design to financial reporting and planning.

Key Responsibilities

• Formulate and apply actuarial frameworks, strategies, and governance aligned with company goals.
• Lead actuarial efforts in pricing, reserving, forecasting, capital management, risk analysis, portfolio and financial planning.
• Build and sustain models estimating insurance liabilities, premiums, claims, expenses, profitability, and capital needs.
• Conduct pricing analyses for current and new insurance products to ensure competitiveness and technical accuracy.
• Evaluate historical claims data, loss ratios, frequency/severity trends, exposure, and patterns to refine pricing and reserving.
• Recommend pricing adjustments based on rate adequacy reviews and impacts of policy variation.
• Collaborate with Underwriting and Product teams for market-aligned insurance product development.
• Monitor product post-launch performance and advise pricing/underwriting modifications.
• Develop and review claims-reserving approaches and conduct adequacy assessments, including scenario and sensitivity analyses.
• Support financial reporting, preparation of actuarial information for statements, and regulatory submissions.
• Analyze actual versus expected experience; lead forecasting of premiums, claims, expenses, profitability and capital.
• Assess portfolio profitability and recommend improvements on underperforming segments.
• Engage in enterprise risk management through quantitative actuarial evaluation and capital modeling.
• Perform stress testing, scenario modeling, solvency, and capital adequacy assessments considering external factors.
• Support and optimize reinsurance strategies and evaluate financial impacts of reinsurance structures.
• Generate actuarial reports, dashboards, forecasts, and deliver clear presentations to stakeholders at all levels.
• Maintain model governance standards, ensure data quality, and advance automated reporting and analytics.
• Stay abreast of emerging risks, industry practices, regulations, and actuarial science innovations.
• Ensure compliance with legal and regulatory requirements and assist in audits and governance processes.

Candidate Profile

• Demonstrable expertise in actuarial science, insurance, financial modeling, and risk management.
• Experience with pricing, reserving, capital modeling, and actuarial methodologies.
• Technical skills in claims data analysis, financial and quantitative modeling, and actuarial software.
• Proficiency in Excel with advanced modeling capabilities; programming knowledge in Python, R, SQL, SAS preferred.
• Excellent communication skills, capable of presenting complex concepts to various stakeholders.
• Strong commercial acumen, strategic thinking, analytical focus, attention to detail, and integrity.
• Ability to manage multiple projects and priorities independently within a remote work setup.
• Educational background in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related fields.
• Professional actuarial qualifications or progress toward recognized certifications highly preferred.
• Experience in UAE or GCC insurance and financial markets advantageous.

Key Performance Indicators

• Pricing accuracy and adequacy
• Loss-ratio and combined ratio performance
• Reserve adequacy and precision
• Forecast and actuarial reporting accuracy
• Portfolio profitability and risk-adjusted returns
• Capital adequacy and solvency measures
• Reinsurance efficiency
• Claims development tracking
• Regulatory compliance and audit results
• Stakeholder satisfaction and project delivery timeliness