Senior Consulting Actuary

Milliman is one of the world's leading actuarial consulting firms. We are currently looking for an experienced and highly skilled Senior Life Actuary to join our team in Dubai.

The ideal candidate will have a strong background in life insurance actuarial practices, with a demonstrated ability to deliver strategic insights and guide a team towards meeting the client's objectives.

Department: Actuarial – Life

Milliman is one of the world’s leading consulting firms providing actuarial consulting related to retirement funding and healthcare financing, enterprise risk management and regulatory compliance, data analytics, and business transformation, as well as a range of other consulting and technology solutions.

Milliman currently provides actuarial and consulting services to insurers, government entities and other stakeholders across the GCC countries.

Key responsibilities

• Lead the Life Actuarial department, managing a diverse team based in both Dubai and Riyadh offices
• Providing guidance to actuarial team to prepare appropriate analysis and modelling
• Work on a wide range of life insurance assignments including valuation, IFRS17 implementation, pricing and product development, experience studies, embedded value calculations, reinsurance, and capital modeling
• Ensuring regular reporting requirements are completed on time, accurately and with the appropriate controls
• Review and refinement of analysis and reports produced by the actuarial team
• Prepare and present results and recommendations to clients for consideration
• Oversee the design and development of new life insurance products.
• Project management, including preparing detailed project plans, monitoring progress, and managing project budgets
• Liaising with key client contacts to obtain required data and information and provide project status updates
• Ensure adherence to Milliman’s policies and processes throughout all activities

Educational requirements

• An undergraduate degree pursuing actuarial science, mathematics, or another major with quantitative course work
• Must be a qualified actuary registered as a Fellow of a recognized global actuarial body
• Outstanding academic record
• Excellent knowledge of MS Office (Excel, Powerpoint etc.)

Experience and skill requirements

• A minimum of 10 years' experience in the life insurance actuarial field.
• Superior math aptitude and strong analytical ability
• Profound experience in valuation, IFRS17, pricing and product development, experience studies, embedded value calculations, reinsurance, and capital modeling
• Ability to translate complex actuarial concepts into simpler ideas for a non-actuarial audience
• Significant client facing experience, including experience with presenting technical content to senior stakeholders
• Proven track record in managing and leading teams to deliver high-quality actuarial services.
• Project management experience
• Excellent written and verbal communication skills
• Strong attention to detail
• Good organizational skills
• Ability to work both independently and as part of a team
• Ability to work under pressure
• Must be willing to travel regularly throughout the region