Senior Actuary / underwriter- Actuarial Sciences - Specialized in Medical Insurance pricing

Leading Edge; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A prominent consulting firm is seeking a Senior Actuary specializing in medical insurance pricing. The role involves analyzing policies, developing actuarial models, and mentoring junior actuaries. Candidates should possess a relevant bachelor’s degree and at least 5 years of experience as an actuary. This full-time position offers a competitive budget of $600-$700 per day, with opportunities for growth.

Qualifications

• 5+ years of experience as an actuary, specifically in medical insurance.
• Fellowship in the Society of Actuaries (FSA) or equivalent designation.
• Strong analytical and problem-solving skills required.

Responsibilities

• Conduct thorough analysis of medical insurance policies and claims data.
• Develop and maintain actuarial models for forecasting costs.
• Collaborate with team to improve insurance products.

Skills

Analysis

Financial Performance

Financial Modeling

SAS

R

Python

Interpersonal Skills

Insurance Mathematics

Statistics

Programming

Regulations

Software

Science Communication

Designation

Education

Bachelor's degree in Actuarial Science, Mathematics, or Statistics

Tools

Actuarial software

Job description

Overview

Senior Actuary / Underwriter - Actuarial Sciences - Specialized in Medical Insurance pricing

Our client is seeking a highly skilled and experienced Actuary specialized in the medical field to join our team. This is a full-time position with excellent benefits and growth opportunities.

Location: UAE

Contract: 6 Months (Extendable)

Budget: $600-$700 / day

Responsibilities

• Conduct thorough analysis of medical insurance policies and claims data to assess risk and determine appropriate premiums
• Develop and maintain actuarial models to forecast future costs and premiums
• Collaborate with underwriters and other team members to develop new insurance products and improve existing ones
• Monitor and evaluate the financial performance of medical insurance plans and make recommendations for improvement
• Stay updated on industry trends and regulations related to medical insurance to ensure compliance and competitive advantage
• Communicate complex actuarial concepts and findings to non-technical stakeholders in a clear and concise manner
• Mentor and train junior actuaries and provide guidance on actuarial methodologies and techniques

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
• Must have medical insurance pricing experience
• Fellowship in the Society of Actuaries (FSA) or equivalent designation
• Minimum of 5 years of experience as an actuary, with a focus on medical insurance
• Strong analytical and problem-solving skills
• Proficiency in actuarial software and programming languages such as SAS, R, or Python
• Excellent communication and interpersonal skills
• Ability to work independently and in a team environment
• Attention to detail and ability to manage multiple projects simultaneously

Required Skills

• Analysis
• Financial Performance
• Financial Modeling
• SAS
• R
• Python
• Interpersonal Skills
• Insurance Mathematics
• Statistics
• Programming
• Regulations
• Software
• Science Communication
• Designation