Description
- Contribute to the development and implementation of the company's strategic plan, focusing on actuarial aspects.
- Project future revenues and profits to support strategic decision-making.
- Identify, assess, and mitigate actuarial risks.
- Develop, maintain, and enhance actuarial models to ensure accuracy and reliability.
- Perform complex actuarial valuations, including reserve calculations, solvency analysis, and product pricing.
- Ensure compliance with regulatory requirements and industry standards.
- Validate system-generated data to ensure accuracy and consistency.
- Lead and manage a team of actuarial analysts, providing guidance, support, and training.
- Set clear performance expectations, provide feedback, and conduct performance reviews.
- Identify training and development needs for team members and implement appropriate training programs.
- Collaborate with other departments, such as finance, underwriting, and claims, to ensure alignment and effective communication.
- Build and maintain relationships with external stakeholders, such as regulators and re-insurers.
- Identify opportunities to improve efficiency and accuracy in actuarial processes.
- Implement automation tools to streamline workflows and reduce manual effort.
Requirements
- Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field from a reputable university.
- Minimum 6-10 years of relevant experience.
- Excellent knowledge of insurance products.
- Overall knowledge of general management principles and processes sufficient to professionally handle the sub-department.
- A detailed knowledge of the deliverables of all the sub-departmental work, including in-depth knowledge of departmental processes and procedures.
- A developed understanding of all system-produced of company systems and reports applicable to the sub-departmental work.
- Good knowledge of VBA and MS Access.
- A detailed knowledge of Egyptian Insurance Law and accompanying Regulations.
- Knowledge of international actuarial best practices and principles.
- A well-developed knowledge of risk management principles and corporate governance best practices.
- Excellent communication and negotiation skills.
- Gains people's commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
- Creates a culture that promotes the company’s values and standards through role modeling, accountability, and ownership of decisions.
- Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
Created on | 06 Nov 2024 |
Last updated on | 13 Nov 2024 |
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