Senior Consulting Actuary

Milliman; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

An established industry player is seeking an experienced consulting actuary to lead health projects across the Middle East. In this pivotal role, you will manage a team of actuaries, guiding them in complex analyses and modeling while ensuring high-quality deliverables for clients. Your expertise in health-related actuarial work will be crucial in developing innovative solutions and value-based reimbursement mechanisms. This role not only offers the chance to impact healthcare financing but also provides opportunities for professional growth in a dynamic and supportive environment. If you are ready to take your career to the next level and make a difference in the industry, this is the perfect opportunity for you.

Qualifications

• 10+ years of actuarial experience with 5+ years in health-related work.
• Must be a qualified actuary with strong analytical and communication skills.

Responsibilities

• Lead the healthcare actuarial team and provide guidance on analysis and modeling.
• Manage projects, prepare detailed plans, and liaise with clients for data and updates.

Skills

Analytical Skills

Communication Skills

Project Management

Mathematical Aptitude

Client Management

Education

Undergraduate Degree in Actuarial Science or Mathematics

Qualified Actuary (Fellow of a recognized actuarial body)

Tools

MS Office (Excel, PowerPoint)

Job description

Description

Millimans Dubai Practice is looking to appoint an experienced consulting actuary specialized in health-related work to lead Millimans health projects across the Middle East. As a part of our team you will support the development and delivery of a diverse range of consulting activities across multiple countries in the Middle East including pricing and reserving development and review of mandatory benefit packages and implementation of value-based reimbursement mechanisms including DRGs.

Department

Actuarial Health

Background:

Milliman is one of the worlds leading consulting firms providing actuarial consulting related to retirement funding and healthcare financing enterprise risk management and regulatory compliance data analytics and business transformation as well as a range of other consulting and technology solutions. Milliman currently provides actuarial and consulting services to insurers government entities and other stakeholders across the GCC countries.

Key responsibilities

1. Line manager for the healthcare actuarial team based in both Dubai and Riyadh offices
2. Providing guidance to actuarial team to prepare appropriate analysis and modelling
3. Review and refinement of analysis and reports produced by the actuarial team for both private health insurers and government entities
4. Prepare and present results and recommendations to clients for consideration
5. Coordinating input from global consultants to develop responses to relevant RFPs
6. Project management including preparing detailed project plans monitoring progress and managing project budgets
7. Liaising with key client contacts to obtain required data and information and provide project status updates
8. Ensure adherence to Millimans policies and processes throughout all activities

Educational requirements

1. An undergraduate degree pursuing actuarial science mathematics or another major with quantitative course work
2. Must be a qualified actuary registered as a Fellow of a recognized global actuarial body
3. Outstanding academic record
4. Excellent knowledge of MS Office (Excel PowerPoint etc.)

Experience and skill requirements

1. Minimum of 10 years of actuarial experience of which at least 5 years should be post-qualification experience with a substantial part of the experience in health-related work
2. Superior math aptitude and strong analytical ability
3. Experience with reserving and pricing techniques for health insurance products
4. Experience with a wide range of actuarial concepts specific to health systems such as utilization clinical coding systems Diagnosis-Related Groupers bundled payments population health management value-based healthcare etc.
5. Ability to translate complex actuarial concepts into simpler ideas for a non-actuarial audience
6. Significant client facing experience including experience with presenting technical content to senior stakeholders
7. Project management experience
8. Excellent written and verbal communication skills
9. Strong attention to detail
10. Good organizational skills
11. Ability to work both independently and as part of a team
12. Ability to work under pressure
13. Must be willing to travel regularly throughout the region

Required Experience:

Senior IC