Actuarial Consulting Manager

Baker Tilly; Kuwait City; On-site; KWD 12,000 - 24,000; Full time

Job summary

An established industry player is seeking a skilled actuarial consultant to lead strategic and operational planning within the department. This role involves managing actuarial consulting engagements, preparing proposals, and advising clients on their insurance policies and technical reserves. The ideal candidate will have a strong background in actuarial sciences, relevant professional certifications, and a passion for delivering high-quality consulting services. Join a workplace that values international standards and offers opportunities for career growth and development while making a significant impact in the insurance sector.

Benefits

Private health insurance

Annual salary review

Career development training

Qualifications

• 3+ years of actuarial experience with a focus on consulting.
• Master's degree preferred and relevant certifications required.

Responsibilities

• Develop and implement strategic and operational plans for the department.
• Prepare technical and financial proposals for clients.
• Review and advise on actuarial matters and insurance policies.

Skills

Actuarial Science

Financial Reporting

Data Analysis

Technical Report Writing

Education

Bachelor's degree in applied actuarial sciences

Master's degree in applied actuarial science

Tools

Actuarial Software

Job description

Job Objective / Summary
Conduct the strategic and operational planning for the Department and manage the implementation of actuarial consulting engagements for clients.

Qualifications

• Bachelor's degree in applied actuarial sciences
• Holding a master's degree in applied actuarial science is preferable.

Professional Certificates
Passing academic requirements of the actuary certification, which includes:

• Associate of the Society of Actuaries (ASA), USA;
• Associate of Institute and Faculty of Actuaries (AIA), UK.

Experience

• Minimum 3 years of experience in actuarial work.
• Minimum 10 years of experience in insurance companies.
• In addition to the above, experience with actuarial consulting firms is preferable.

Job Responsibilities

• Prepare the Department's strategic plan and annual operational plan at service level and budgeting level;
• Assist in preparing annual promotion plan for the Department services;
• Develop creative copywriting of webpages related to actuarial consulting services;
• Prepare technical and financial proposals submitted to clients;
• Prepare the client engagement letters;
• Implement the client engagements;
• Review, evaluate and advise on the client's policy for actuarial matters, procedures and controls;
• Prepare actuarial calculations;
• Review and evaluate the client’s solvency margin and financial and technical position;
• Review, evaluate and make recommendations regarding the client’s investment policy;
• Review and evaluate the validity and accuracy of data and information on issues related to the calculation of technical reserves;
• Review, evaluate and advise on reinsurance agreements and strategy to maintain the client’s financial position;
• Review and evaluate the client’s general policy regarding insurance products, in addition to designing and developing the pricing policy and reviewing the terms and conditions of insurance policies and contracts;
• Prepare monthly reports submitted to senior position;
• Perform any other tasks that may be assigned to them by the direct manager.

Knowledge

• International Financial Reporting Standard 17 (IFRS 17)
• Law No. 125 of 2019 regarding the Regulation of Insurance and its Executive Bylaw
• International Standards of Actuarial Practice (ISAPs)
• Software used for managing insurance contracts from actuarial perspective

Technical Skills

• Ability to calculate the actuarial technical reserves
• Ability to calculate the solvency margin for insurance companies
• Ability to establish corporate governance systems for insurance companies
• Ability to prepare any other reports relating to the actuarial consulting as mandated by Insurance Regulatory Unit

Mandatory Requirements
Transferable residency.

What we Offer

• Competitive monthly salary as compared to market benchmark.
• Private health insurance
• Annual salary review considering the annual performance evaluation

Why working at Baker Tilly?

• A workplace with international standards
• Working days from Sunday till Thursday
• Working hours from 8 am till 5 pm with one hour break from 12 to 01 pm.
• Growth in your career path based on job performance.
• Sustainable training and career development.

Company Industry

• Accounting & Auditing

Department / Functional Area

• Accounts
• Taxation
• Audit
• Company Secretary

Keywords

• Manager
• Actuarial Consulting