We are hiring an Actuarial Analyst within our Reinsurance & Actuarial Division in the Head Office in Lebanon to handle a regional role covering Lebanon & GCC markets.
Summary:
The Actuarial Analyst uses statistical models to analyze data and calculate the probability of and costs associated with certain events. Using Actuarial Techniques, he/she will build the pricing models, complete rate revisions, filings and indications while collaborating with Product Managers and other business partners. He/she also performs a strong portfolio management and analytical assessment, preparing the technical provisions at best estimate as well as at regulation requirements to feed the P&L and budgeting exercise.
Key Responsibilities:
- Produce Technical Pricing for all products and lines of business
- Embed Technical Price in underwriting decision to judge actual price & record deviations including discrepancies
- Align motor and medical pricing review with local regulation
- Ensure pricing review covers expected cost of claims, expenses, taxes, cost of reinsurance
- Develop Actuarial Pricing Framework documenting the Technical Pricing methodology based on actuarial analysis and techniques
- Perform analysis on peril and loss type and uses significant risk factors
- Assess regular predictive accuracy of technical price versus observed claims experience
- Develop Actuarial KPIs and tools to support all lines of business
- Monitor monthly technical and sales results
- Support regulators requests in all countries when needed
- Reconcile database with financials on a quarterly basis
- Put in place sound actuarial reserving techniques to ensure data validation and adequate provisions are reserved in the Company Balance Sheet
- Analyze P&L on monthly basis to ensure performance as per the budget
- Attends seminars related to her/his area of expertise as per the approved annual budget.
Requirements:
- Minimum 2 years of experience in insurance actuarial, mainly in Non-Life policies
- Bachelor's degree in Mathematics or Actuarial Science, Master's degree is preferable
- CII Diploma/Certificate is a plus
- Microsoft Office skills
- Excellent Excel Skills
- Good Reporting capabilities
- Good Analytical Skills
Additional details about this position will only be provided to short-listed candidates.
