Summary
Wataniya Insurance is seeking an Actuarial Officer in Jeddah to provide actuarial and technical reporting support across its lines of business. The role involves pricing, reserving, business planning, product performance analysis, and support for IFRS 17 transition and pricing-tool development. The successful candidate will have a bachelor's degree in Mathematics, Computer Science, Actuarial Science, or Statistics, and 0–1 years of actuarial work experience. Actuarial certificates or higher degrees are an asset.
The posting
As published on wataniya.com.sa. Pulled from the employer's site and shown as they wrote it.
To maintain excellence in providing actuarial & technical reporting support to all lines of business and providing the necessary analysis to evaluate the quality of products performance while upholding company standards, policies, procedures and authority limits. The role has a diversified exposure to various actuarial practices. The suitable candidate will be directly interacting with the company internal senior actuary.
Job Responsibilities
- Undertakes technical analysis using complex actuarial and analytical techniques.
- Supports a project team that are developing a pricing platform for both existing and new pricing tools.
- Provide Support to the Chief Actuary with the IFRS17 transition.
- Challenges and improves efficiency of data, processes, procedures and documentation.
- Assists with business planning, reserving and account pricing as required.
- Works closely with, and influences, IT and operations to develop the most effective and efficient business solutions.
- Ensures continuous self-development to keep up to date with the knowledge needed for effective performance.
- Keeps up to date with the company's standards, policies, procedures, service standards and authority limits needed for the implementation of responsibilities.
- Supports the department in any other task/project as needed.
- Develops more efficient, automated ways to improve processing including data quality and error detection processes. This can include providing suggestions for improvements in ratemaking and data quality review procedures.
- Assists in the development and testing of Pricing tools & other tools for use by the Underwriting team and others.
- Ensure that line manager is aware of the responsibilities about cyber security and apply cyber security controls throughout work.
- Complying with cyber security requirements as per the regulations and company strategy.
- Complying with anti-fraud requirements as per the regulations and company strategy
Requirements
Job Qualifications
A.Educational Background and Certifications:
- Bachelor's in Mathematics, Computer Science, Actuarial Science or Statistics.
- Actuarial certificates or higher degrees are an asset.
B.Experience:
- 0-1 years of actuarial work experience in diverse environment with product development, pricing and reporting exposure.
- A broad technical knowledge and understanding of actuarial principles, formulae and methodologies.
- knowledge of industry regulatory frameworks and of other corporate areas.
- Ability to work under time constraints, multi-task, and adjust plans in the face of changing priorities.