Beauty Advisor - Abu Dhabi, United Arab Emirates - WebEngage

Description

Description of CoreDuties

Productdevelopment:

• Workactively with the business development teams and liaise with theGroup to price and provide actuarial support for newproducts
  
• IndividualLife insurance product pricing from ideation to productlaunch
  
• Regularreviewing and monitoring of internal experience and trends toensure company product pricing meets profittargets
  
• Repricingmethodologies and bases and, where appropriate, development of newpricing techniques and rating factors in liaison with theGroup
  
• Ensureproduct pricing is consistent with the set underwriting policy andregulatoryguidance
  
• Provide analysisto support the renegotiation of existing groupcontracts
  
• Assistsystem vendors in product setup in the administrationsystem
  
• Reviewand monitor experience on all products to inform pricingassumptions and decision-making including profit testing ofexistingproducts
  
• Preparereports on product performance for management decisionmaking
  
• Workclosely with reassures to ensure treatyoptimization
  
• ProductApprovals: Drive the product approval process both within theCompany and externally with the Insurance Regulator and othergovernment bodies where
  
• ProductDocumentation: Develop and continually review product trainingmanuals and marketing materials that are appropriate to the targetmarket and distribution channel of the
  

Valuation:

• Assistwith new product implementation into the valuation systems andprovide future projections under the valuation standards at thetime
  
• Assessthe capital requirements of new products that assists with capitalconsumption and choice of productdesigns
  

ExperienceInvestigation:

• Assistwith the annual experience investigations on key assumptions forpricing and
  
• Sensitivityanalysis and impact assessment of the variousassumptions
  

Asset Liability Modeling(ALM):

• Assistwith the quarterly preparation of ALM calculations andpresentations to management in relation to the new and existingproducts
  

ActuarialModelling:

• Buildingand maintaining models for pricing, Value of New Business (VNB),ALM, capital modeling and experienceinvestigations
  

Requirements

• Bachelorsdegree in actuarial science, statistics, engineering, mathematicsor any equivalent with a strong emphasis on mathematicalproficiency
  
• GoodProgress in the Institute of Actuaries examinations or any otherrecognized Actuarialbodies
  
• Atleast 4 years experience in an actuarial function focused onpricing of new products or repricing/ productreview
  
• Practicalend to end Product developmentexperience
  
• Practicalend to end Prophet modelling experience will be an addedadvantage
  

TechnicalCompetencies

• Statistical/actuarialtechniques
  
• Proficientknowledge in the insurance industry inKenya
  
• Knowledgeof reinsurance arrangements andstructures
  
• Knowledgeof software packages or programming (, Excel, R, Visual Basic forApplications)
  
• Productdevelopmentknowledge
  
• Proficiencyin Prophet coding will be an addedadvantage
  

;Corecompetencies

• Adhering toprinciples andvalues
  
• Deliveringresults and meeting customerexpectations
  
• Self-drivenand provide independentthinking
  
• Relationshipbuilding and Networking within and outside theorganization
  
• Stronganalyticalskills
  
• Learningandresearching
  
• Presentingand communicatingInformation
  
• Achievingpersonal work goals andobjectives
  
• Connectingwork to businessobjectives
  

Ifyou are interested in the above role and meet the minimumrequirements, please submit your application by FridayMarch 03rd ;Only shortlisted candidates will be

Bachelors degree in actuarial science, statistics, engineering,mathematics or any equivalent with a strong emphasis onmathematical proficiency Good Progress in the Institute ofActuaries examinations or any other recognized Actuarial bodies Atleast 4 years experience in an actuarial function focused onpricing of new products or repricing/ product review Practical endto end Product development experience Practical end to end Prophetmodelling experience will be an added advantage TechnicalCompetencies Statistical/actuarial techniques Proficient knowledgein the insurance industry in Kenya Knowledge of reinsurancearrangements and structures Knowledge of software packages orprogramming (, Excel, R, Visual Basic for Applications) Productdevelopment knowledge Proficiency in Prophet coding will be anadded advantage Core competencies Adhering to principles and valuesDelivering results and meeting customer expectations Self-drivenand provide independent thinking Relationship building andNetworking within and outside the organization Strong analyticalskills Learning and researching Presenting and communicatingInformation Achieving personal work goals and objectives Connectingwork to business objectives If you are interested in the above roleand meet the minimum requirements, please submit your applicationby Friday March 03rd Only shortlisted candidates willbe