Summary
Al-Futtaim is recruiting an Assistant Vice President for the Life Actuarial team at Orient Insurance in Dubai. The role covers life product pricing and development, actuarial valuations, IFRS 17 reporting, regulatory submissions, and profitability analysis. Candidates should have life insurance actuarial experience in the UAE or GCC, completed actuarial examinations, and knowledge of IFRS 17 GMM and VFA; the posting also lists 5–6 years of GCC experience. Advanced Excel is required, with Prophet and Alteryx preferred.
The posting
As published on alfuttaim.com. Pulled from the employer's site and shown as they wrote it.
Job Requisition ID: 181616
About Al-Futtaim
Established in the 1930s, Al-Futtaim is one of the most diversified and progressive privately held regional businesses, headquartered in Dubai. Operating across more than 20 countries, the Group spans automotive, financial services, real estate, retail and health. With more than 40,000 employees, Al-Futtaim represents over 200 of the world’s most recognised brands, including Toyota, Lexus, IKEA, ACE and Marks & Spencer. Driven by its purpose to enrich lives and elevate communities, Al-Futtaim focuses on digital innovation, AI, sustainable growth and strategic partnerships, creating long-term value for customers, communities and partners while building a responsible legacy for future generations.
About the Role
We are looking for a motivated Assistant Vice Presidentto join our Life Actuarial team. The role offers exposure across product pricing, valuation, IFRS 17 reporting, regulatory reporting, and business profitability analysis. The candidate will work closely with Product, Finance, Operations, and regional Life Insurance teams to support business growth and financial performance.
Key Responsibilities
- Support pricing, development, and regulatory filing of life insurance products.
- Perform actuarial valuations and contribute to statutory, regulatory, and management reporting.
- Support IFRS 17 reporting, including GMM and VFA methodologies.
- Analyze profitability and expenses at product, channel, and line-of-business levels.
- Provide actuarial support for new product launches and enhancements to existing products.
- Prepare experience studies, management information, and ad hoc actuarial analyses.
- Collaborate with life insurance teams across subsidiaries on actuarial and business initiatives.
- Maintain and enhance actuarial models, tools, and reporting processes.
Requirements
- 3-4 years of actuarial experience in the UAE / GCC life insurance market.
- Several actuarial examinations successfully completed.
- Experience in life insurance product pricing and regulatory submissions.
- Experience supporting valuation and financial reporting processes.
- Knowledge of IFRS 17, including GMM and VFA.
- Strong analytical, communication, and stakeholder management skills.
Technical Skills
- Advanced Microsoft Excel.
- Preferred hands-on experience with Prophet and Alteryx
- Strong data analysis, modelling, and reporting capabilities.
Location: Dubai, UAE
Experience: 5-6 years of experience in GCC
Qualification: Progressing towards an actuarial qualification (Fellow or equivalent) with associateship (AIA/ASA) from IFOA/SOA/IAI.
About Orient Insurance PJSC
Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia and Bahrain.