Actuarial Analyst

**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 Actuarial Analyst - Life holds an actuarial qualification and, acting in an actuarial capacity, performs more complex analyses, life pricing, product development and risk management tasks, requiring mínimal direct supervision. The Actuarial Analyst - Life is also expected to support in developing new, or maintaining existing life products, valuing life business, and evaluating risks. The Actuarial Analyst - Life will also assist in the training of less experienced personnel.**Job Accountabilities**

**As 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 mínimal 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.
- Support on reviewing pricing basis and assumptions for relevance, adequacy and appropriateness and update if needed
- Assist in the design, testing and maintenance of life pricing models and tools.
- Support Finance, market-facing business units, Underwriting, Claims, Risk, Capital Management, Investment Management, Actuarial and other functions and actuarial business partners on reporting, reserving, reinsurance, solvency, risk and capital management and other operational and strategic business decisions by providing necessary data and analyses to required quality and timelines.
- 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 5 or more years of Life actuarial experience.
- Qualified or 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.
- Strong Programming / Visualization skills e.g., VBA, SQL, R
- Willing to challenge current processes and practices with a view to improvement.

**Preferred skills**:

- 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 protect our customers and the planet.
- Location(s): AE - Dubai
- Remote working: No
- Schedule: Full Time
- Recruiter name: Leigh Jeremy Jaye Santander