Consultant - Are

Job Details

Description

**Qualifications**
- Bachelor’s or master’s degree from a reputed institution.
- Exposure to IFRS-17 implementation assignments.
- Part qualified actuary from a reputable actuarial institute (SOA, IFoA, CAS, IAI, etc) AND/OR
- Accounting/Finance professional with diverse **experience in insurance** with strong knowledge of IFRS (ACCA, CPA, CMA, CFA, other reputable qualification).
- Expert knowledge of accounting and financial aspects of insurance operations.

**Competencies**
- Ability to assess data requirements and system implications for IFRS 17 clients.
- Expert knowledge on designing data dictionaries and chart of accounts for IFRS 17 clients.
- Ability to design and review future finance processes, workflows, and controls for IFRS-17 clients.
- Astute critical thinking skills, sound decision-making ability, and the ability to evaluate analyses for client communications.
- Ability to help plan projects, identify project deliverables, meet deadlines, and ensure compliance with quality procedures.
- Exceptional verbal and written communication skills.
- Ability to help identify client-specific issues and resources needed to solve problems.
- Dynamic people skills with the desire to develop a successful client base.
- Client focused and results oriented with proven ability to work in a fast-pace environment.
- Self-motivated, creative, and resourceful.

**Job description**

This position assumes full time employment as a ‘Consultant - Actuarial/Accounting’. You will be engaged to:

- Assist the Team Lead in IFRS 17 implementation projects for Middle East insurers.
- Conduct workshops with the clients on technical topics of IFRS17.
- Contribute to the development of technical papers to document key assumptions chosen by the client and help key decision makers to make informed choices.
- Advise clients on the governance side to ensure effective communication of key milestones, thereby reducing implementation delays.
- Understand the current data and IT systems of the clients, understand their workflows and evaluate data gaps while performing a data quality assessment.
- Assist in development of Business Requirement Document (BRD) for IFRS 17 Target Operating Model (TOM).
- Present functional design options to client.
- Advise and assist clients in selecting the appropriate IT vendors for IFRS 17 solution.
- Assist and guide the client in implementing the IFRS 17 vendor solution including UAT, dry-runs and parallel runs and interpretation of the results.
- Engage with External Auditors and other stakeholders during post-implementation phase to provide clarifications and training on using the end-user reports.
- Actuarial audits and financial due diligence.
- Work on projects involving pricing, product development, reserving, financial projections, mergers & acquisitions, and other related projects.
- Be responsible for reviewing the work of others, assisting with research, and supporting business development efforts.
- Train and mentor analysts who are working on the projects for which you are responsible;
- Expect to typically work on numerous projects simultaneously.
- Assist in drafting proposals and engagement letters to help facilitate the process of bringing in new clients and new assignments.
- Expected to add insights into the technical direction of projects, check initial solutions for reasonability, and assist Principals with client communications.
- Participate in client interaction that generally includes data collection, project updates, answering basic technical questions, and assisting in the delivery of results.

**About Milliman**

Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.