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Senior Actuary / underwriter- Actuarial Sciences - Specialized in Medical Insurance pricing
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Senior Actuary / underwriter- Actuarial Sciences - Specialized in Medical Insurance pricing
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
Education
Tools
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
- 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
- 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
- Analysis
- Financial Performance
- Financial Modeling
- SAS
- R
- Python
- Interpersonal Skills
- Insurance Mathematics
- Statistics
- Programming
- Regulations
- Software
- Science Communication
- Designation
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.