Job Summary

Zurich Middle East is part of Zurich Insurance Group, one of the world\'s largest and most experienced insurers. Our mission is to help our local community understand and protect themselves from risk both locally and globally.

Reporting to the Head of Retail Pricing, the Senior Actuarial Analyst - Life holds an actuarial qualification and, acting in an actuarial capacity, performs life pricing, product development and risk management tasks, requiring minimal direct supervision. The Senior Actuarial Analyst - Life is expected to perform more complex analysis under the supervision of more senior actuaries, all for the purpose of developing new, or maintaining existing life products, valuing life business, and evaluating risks. The Senior Actuarial Analyst - Life will also assist in the training of less experienced personnel.

Job Accountabilities

As Senior Actuarial Analyst - Life, your role will involve;

• Calculate premiums and profitability for new and/or existing life products in line with agreed methodologies, identifying crucial sources of customer value and profitability for the Company.
• Under minimal supervision, support valuation of actuarial reserves, financial reporting of embedded value and new business value, preparation of data for solvency and risk-based capital calculations to required quality and timelines for management reporting and business decision-making purposes.
• With appropriate review, coordinate, prepare, and perform actuarial analyses including demographic experience analysis, new business profitability analysis and forward-looking projections of capital availability and solvency to required quality and timelines for management reporting and business decision-making purposes.
• Provide advice and technical expertise on actuarial and risk quantification modeling approaches and implement routine cash flow model developments to ensure quality of model output.
• Assist in the design, testing and maintenance of life pricing models and tools.
• Ensure that the life pricing processes for the assigned Business Unit(s) are appropriately governed and controlled in accordance with Group, Regional, and Local internal / regulatory policies.
• Review summary datasets
• Perform statistical analysis e.g., monitoring levels of business, business mix analyses, comparisons of actual to expected.
• Research and analysis of experience trends and expenses (biometric risks, persistency etc.)
• Provide support for development of rates, rating plans and pricing and portfolio management strategies.
• Where appropriate, provide support on product/ rate/ any other regulatory submissions and/or regulatory response.
• Specify and test IT developments for new products.

Job Qualifications

To be successful in this role, your will need:

• Bachelor\'s degree and 3 or more years of Life actuarial experience
• Part-qualified FIA, FSA or equivalent.
• Strong written and verbal communication, with the ability to present complex concepts to a non-technical audience.
• Experience in analysis, assumption setting.
• Excellent ability to work with data.
• Meticulous in preparing and checking work paying close attention to detail.
• Committed and determined to meet deadlines.
• Strong organization skills with time management
• Ability to multi-task and work in a dynamic team
• Excellent Excel and other MS Office skills
• Willing to challenge current processes and practices with a view to improvement.

Preferred Skills:

• Strong Programming / Visualization skills e.g. R, PowerBi, Prophet
• Knowledge of and experience with Prophet or other actuarial modelling software
• Knowledge of relevant regulations and the impact on pricing, reserving, and reporting

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We are an equal opportunity employer who knows that each employee is unique - that\'s what makes our team so great!

Join us as we constantly explore new ways to .

• Location(s): AE - Dubai
• Remote working: No
• Schedule: Full Time
• Recruiter name: Leigh Jeremy Jaye Santander

Zurich