EB Product Actuary — GCC Pricing & Product Innovation

MetLife, Inc.

United Arab Emirates

On-site

AED 350,000 - 650,000

Full time

14 days+

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Job summary

MetLife Gulf is seeking an EB Actuary to design and price group medical, life, disability, and credit life products across UAE, Qatar, Oman, Kuwait and Bahrain. You will develop pricing models, ensure regulatory compliance, and collaborate with underwriting, sales, finance, operations and claims to deliver competitive offerings.

The ideal candidate has a strong actuarial background with 5+ years of pricing/product development experience and familiarity with AI in pricing.

Qualifications

Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
Qualified (fellow/associate) & nearly qualified actuary in one of the recognized actuarial organizations.
Minimum of 5 years of pricing and product development experience focusing on group medical, life, disability and credit life insurance.

Responsibilities

Design and price competitive insurance products for group medical, life, disability and credit life, ensuring alignment with business objectives and local market demands.
Develop and maintain actuarial models for pricing and financial projections, ensuring accuracy and compliance with MetLife’s Actuarial Practice Standards.
Collaborate with cross-functional teams, including underwriting, sales, finance, operations and claims to ensure product offerings are effectively positioned and supported.
Monitor the financial performance of products, analyzing variances and trends to recommend pricing adjustments and product enhancements as needed.
Prepare and present detailed reports and proposals to senior management, providing insights and recommendations based on actuarial analysis.
Stay informed of legislative and regulatory changes that may impact product offerings and ensure compliance with all applicable local laws and regulations.