Dubai

Part Qualified

Associate

Qualified

Senior Actuary

Life

Health

Property & Casualty

Products

Reserving

Reporting

Systems

Python

Modelling

Experience Analysis

Prophet

Coding

Pricing

Valuation

Longevity

Consulting

Excel

Power BI

Contract

Tableau

MG-ALFA

Alteryx

AXIS

Partly Qualified Actuary – Dubai (Offshore Office)

Actuarial360 Solutions is a fast-growing boutique actuarial consulting firm that partners with leading insurers, reinsurers, and PE-backed firms across North America. We're known for bringing clarity, efficiency, and smart actuarial thinking to complex valuation and modeling problems.

We’re now opening our first offshore office in Dubai to expand capacity and scale with demand — and are looking for a motivated, partly qualified actuary to join us.

What You’ll Do
<ul>
 <li>Support valuation, reporting, and model development work (mostly U.S. Life/Annuity)</li>
 <li>Work directly with the founder and lead actuary on real client projects</li>
 <li>Perform data validation, assumption updates, and model runs using tools like Excel, VBA, Python, or Prophet</li>
 <li>Help document processes and improve internal workflows</li>
 <li>Receive mentorship and exposure to the consulting world</li>
</ul>

What We’re Looking For
<ul>
 <li>Based in Dubai (or willing to relocate)</li>
 <li>Passed 2+ SOA/IFoA actuarial exams</li>
 <li>Strong Excel skills; VBA or Python a big plus</li>
 <li>Reliable, detail-oriented, and eager to learn</li>
 <li>Interest in U.S. insurance markets a bonus</li>
</ul>

Compensation
<ul>
 <li>AED 12,000 – 15,000/month depending on experience</li>
 <li>Mentorship + Opportunity to grow with a scaling firm</li>
</ul>

<article class="article article--details article--separator-not regular-fields--cols-2Z">Working Schedule: Full-TimeWork Arrangement: HybridRelocation Assistance Available: YesPosted Date: 10-Jan-2025Job ID: 6064Description and RequirementsJob Overview:The Group/(EB) Products Actuary will play a critical role in driving the growth and profitability of MetLife Gulf’s Employee Benefits business operation across UAE, Qatar, Oman, Kuwait, and Bahrain through group medical, life, and disability insurance products.This position involves developing pricing strategies, designing new insurance products, and enhancing existing offerings to meet the evolving needs of our customers and the market.The successful candidate will possess a deep understanding of group medical and life insurance products, financial modeling, and regulatory requirements, combined with a strategic mindset and a passion for innovation.Key Relationships:Reports to: Group Products Actuarial Director GulfOther Key Stakeholders: Head of Product Gulf, Head of EB Underwriting Gulf, Head of EB SalesKey Responsibilities:<ul><li>Design and price competitive insurance products for group medical, life, and disability lines, ensuring alignment with business objectives and local market demands.</li><li>Develop and maintain actuarial models for pricing and financial projections, ensuring accuracy and compliance with MetLife’s Actuarial Practice Standards.</li><li>Collaborate with cross-functional teams, including underwriting, sales, finance, and claims, to ensure product offerings are effectively positioned and supported.</li><li>Monitor the financial performance of products, analyzing variances and trends to recommend pricing adjustments and product enhancements as needed.</li><li>Prepare and present detailed reports and proposals to senior management, providing insights and recommendations based on actuarial analysis.</li><li>Stay informed of legislative and regulatory changes that may impact product offerings and ensure compliance with all applicable local laws and regulations.</li></ul>Experience, Skills and Competencies:<ul><li>Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.</li><li>Qualified (fellow/associate) & nearly qualified actuary in one of the recognized actuarial organizations.</li><li>Minimum of 5 years of pricing and product development experience focusing on group medical, life, and disability insurance.</li><li>Strong proficiency in data analytics tools such as Alteryx, SAS, and data visualization platforms such as Power BI, Tableau, Qlikview.</li><li>Problem solver with excellent analytical and decision-making skills.</li><li>Proven ability to communicate complex actuarial concepts to non-technical stakeholders.</li><li>Ability to manage multiple priorities in a dynamic environment, collaborating across functions.</li><li>Leadership, management, excellent written and verbal communication skills.</li></ul>About MetLife:MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits, and asset management to individual and institutional customers.With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future.United by purpose and guided by empathy, we’re inspired to transform the next century in financial services.At MetLife, it’s All Together Possible. Join us!</article>

Working ScheduleFull-TimeWork ArrangementHybridRelocation Assistance AvailableNoPosted Date06-Nov-2024Job ID5201Description and RequirementsThe Team You Will JoinAs an Actuarial Associate, you will join a collaborative team of professionals dedicated to delivering high-quality actuarial analysis and insights. The team comprises individuals with varying levels of experience, from seasoned actuaries to emerging talent, all working together to support the organization's financial objectives and regulatory compliance.Team members are committed to fostering a supportive environment where knowledge sharing and continuous learning are encouraged.The OpportunityWe are seeking a motivated and detail-oriented Actuarial Associate to join our dynamic team, with a critical role to contribute on IFRS 17 valuations. This role provides an excellent opportunity for an aspiring actuary to develop their skills and gain valuable experience in the insurance industry.The successful candidate will support the actuarial team in performing preparation, review, analysis, and reporting activities related to IFRS 17, the new accounting standard for insurance contracts. The candidate will also be involved in assessments of best estimate assumptions including impact analysis, value of new business, KPI monitoring, solvency projection and monitoring, as well as any other support required by the Gulf Chief Actuary.How You’ll Help Us Build a Confident Future (Key Responsibilities)<ul><li>Lead the preparation of quarterly reserve analysis files including performing the necessary checks and controls to ensure reasonableness of the results:
- Support in the evaluation of the impact of valuation assumptions and valuation model changes under IFRS 17- Support in identifying and implementing enhancements to our IFRS 17 data, systems, and processes</li><li>Lead the Quarterly/Monthly Statutory & LDTI Valuation including timely data gathering, preparation and review of all actuarial related entries, trend analysis, and analysis and explanation of results to management.</li><li>Create necessary reports and documentation to support IFRS 17 valuation results.</li><li>Manage multiple regulators as well as various auditors across the Gulf countries.</li><li>Develop your skills by actively participating in training programs and pursuing actuarial exams to enhance knowledge and skills in the field.</li><li>Coordinate and collaborate with senior actuarial staff, finance professionals, and other departments such as Products, Operations, and IT to ensure alignment and compliance with IFRS 17 requirements.</li></ul>What You Need to Succeed (Required Qualifications)<ul><li>Working towards Associate of US Society of Actuaries or UK Institute of Actuaries or equivalent</li><li>Bachelor degree in Mathematics, Actuarial Science or related field</li><li>At least 3-5 years of total experience including 2 years in Actuarial Valuation</li><li>Advanced skills in Excel, Word, and PowerPoint</li><li>Proficient practical and theoretical knowledge of pricing, reserving, and actuarial analysis</li><li>Fluent in English</li></ul>What Can Give You an Edge (Additional Skills)<ul><li>Good inter-personal skills, problem solving, and ability to work under pressure.</li><li>Team Player & Flexible</li><li>Fluent in Local Language will be an advantage</li><li>Knowledge of Local Valuation Regulations</li></ul>About MetLifeRecognized on Fortune magazine's list of the 2024 "World's Most Admired Companies" and Fortune World’s 25 Best Workplaces™ for 2024, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits, and asset management to individual and institutional customers.With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East. Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future.United by purpose and guided by empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s All Together Possible. Join us!

The Senior Actuarial Analyst will work on different areas of actuarial practice related to the Underwriting Department for Health Reinsurance business using actuarially and statistically accepted methods. They will work closely with different members of the team and will be supervised by both the Actuarial Assistant Manager(s) and the Actuarial Manager.They are expected to work independently at times and under more supervision depending on the nature of the project.What you doThe Senior Actuarial Analyst is expected to work on various projects and tasks handled by the Actuarial team, which includes, but is not limited to the following:<ul><li>Developing, testing and maintaining the pricing tools used by internal and external underwriters</li><li>Maintaining and enhancing the other models and tools used in the department</li><li>Assisting in the reporting of reinsurance statements</li><li>Analyzing reinsurance treaties – new opportunities and renewals</li><li>Carrying out pricing exercises and setting the book rates for different products and markets</li><li>Portfolio monitoring & profitability analysis</li><li>Assisting in underwriting and pricing large policies / special arrangements</li><li>Carrying out experience analyses</li><li>Assisting in the reserving exercises</li></ul>When carrying out these tasks, they are required to:<ul><li>Maintain proper documentation of all work performed and prepare manuals / technical sheets when needed</li><li>Adhere to professional standards when communicating findings and recommendations</li></ul>What you bring<ul><li>Bachelor’s degree; Certification in Actuarial Science background preferred</li><li>4 years of relevant experience, particularly in health insurance. Good knowledge of reinsurance principles is a plus.</li><li>Fluency in English and Arabic</li><li>High analytical skills and numerical ability, including analyzing and interpreting complex data</li><li>A high degree of proficiency and experience in Excel and in VBA (or other programming languages like R and SQL) are required. Experience in Alteryx is a plus.</li><li>Legally permitted to work in the country of operations</li></ul>What you offer<ul><li>Strong attention to detail</li><li>Strong project management and time management skills</li><li>Ability to work under pressure and meet tight deadlines</li><li>Ability to work independently</li><li>High level of discretion in dealing with confidential information</li><li>Ability to collaborate with other teammates at all levels and maintain a strong team spirit</li></ul>

The Senior Actuarial Analyst will work on different areas of actuarial practice related to the Underwriting Department for Health Reinsurance business using actuarially and statistically accepted methods. They will work closely with different members of the team and will be supervised by both the Actuarial Assistant Manager(s) and the Actuarial Manager.They are expected to work independently at times under little guidance and other times under more supervision, depending on the nature of the project.What you doThe Senior Actuarial Analyst is expected to work on various projects and tasks handled by the Actuarial team, which includes, but is not limited to the following:<ul><li>Developing, testing and maintaining the pricing tools used by internal and external underwriters</li><li>Maintaining and enhancing the other models and tools used in the department</li><li>Assisting in the reporting of reinsurance statements</li><li>Analyzing reinsurance treaties – new opportunities and renewals</li><li>Carrying out pricing exercises and setting the book rates for different products and markets</li><li>Portfolio monitoring & profitability analysis</li><li>Assisting in underwriting and pricing large policies / special arrangements</li><li>Carrying out experience analyses</li><li>Assisting in the reserving exercises</li></ul>When carrying out these tasks, they are required to:<ul><li>Maintain proper documentation of all work performed and prepare manuals / technical sheets when needed</li><li>Adhere to professional standards when communicating findings and recommendations</li></ul>What you bring<ul><li>Bachelor’s degree; Certification in Actuarial Science background preferred</li><li>4 years of relevant experience, particularly in health insurance. Good knowledge of reinsurance principles is a plus.</li><li>Fluency in English and Arabic</li><li>High analytical skills and numerical ability, including analyzing and interpreting complex data</li><li>A high degree of proficiency and experience in Excel and in VBA (or other programming languages like R and SQL) are required. Experience in Alteryx is a plus.</li><li>Legally permitted to work in the country of operations</li></ul>What you offer<ul><li>Strong attention to detail</li><li>Strong project management and time management skills</li><li>Ability to work under pressure and meet tight deadlines</li><li>Ability to work independently</li><li>High level of discretion in dealing with and handling confidential information</li><li>Ability to collaborate with other teammates at all levels and maintain a strong team spirit</li></ul>

Job purpose:Responsible for supporting on local statutory valuations and quarterly GAAP close of all Gulf countries within regulatory deadlines in accordance with prescribed regulations/principles with clear explanation to various stakeholders.Assist in review of new regulations related to actuarial including impact analysis. Carry out experience studies to propose best estimate assumptions for Statutory and GAAP Valuations and Value of New Business (VNB). Support Quarterly Value of Gulf New Business Analysis and Discussions.Review and support annually on Gulf Policyholders’ Bonuses and Crediting Rates. Any other support need by Gulf Chief Actuary.Job description:Carry out all work related to local Statutory Valuations including:<ul><li>Getting all the reports and information from Home Office and other departments</li><li>Support on completing all the Regulatory Forms</li><li>Support on responding to queries from both Auditors and Regulators</li><li>Coordinating the sign off on Regulatory forms from the Appointed Actuary</li><li>Ensuring timely submission to the Regulator within the deadline</li></ul>Full Support on Quarterly/Monthly US GAAP Valuation including:<ul><li>Ensuring that all data has been provided to the Production unit on time</li><li>Reviewing all Actuarial Entries, comparing with prior quarters</li><li>Reasonability and Trend Analysis</li><li>Support the Gulf Chief Actuary in explaining the results to management</li></ul>Support the Gulf Chief Actuary on the following:<ul><li>Updating the Actuarial policies, procedures and controls</li><li>Preparing actuarial reports and complying with the other actuarial reporting obligations required by law, instructions and circulars</li><li>Advise on, monitor, investigate and report on the setting of premiums, as well as on risks that significantly affect the ability to meet liabilities to policyholders, capital requirements, solvency position and technical provisions</li><li>Monitor solvency position for the Gulf region and the risks that significantly affect the ability to meet liabilities to policyholders, capital requirements and technical provisions.</li><li>Keeping up to-date on local regulatory developments especially related to Actuarial Valuation and Solvency Requirements and carry out impact analysis of new regulations</li></ul>Carry Out Annual Experience Studies:<ul><li>Including Mortality, Lapse, Expense, Interest and Premium Persistency</li><li>Coordinate with relevant departments to get the information and reports</li><li>Compare the results with prior years and review for significant change</li><li>Propose Best Estimate Assumptions for Gulf Statutory and GAAP Valuation and VNB</li></ul>Qualifications, Experience & Skills:<ul><li>Associate of US Society of Actuaries or UK Institute of Actuaries or equivalent</li><li>At least 5-7 years of total experience including 2 years in Actuarial Valuation</li><li>Communication &amp; Multi-Tasking Skills</li><li>Team Members &amp; Flexible</li><li>Fluent in English</li><li>Fluent in Local Language will be an advantage</li><li>Computer Literate including Excel, Word and Power-point</li><li>Proficient practical and theoretical knowledge of pricing, reserving, and actuarial analysis</li><li>Knowledge of Local Valuation Regulations</li></ul>

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