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Actuarial Analyst

5.00 to 12.00 Years   Doha, Qatar   03 Oct, 2023
AL KOOT INSURANCE & REINSURANCE CO.
1 Jobs Openings
Job LocationDoha, Qatar
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryInsurance & TPA
Functional AreaNot Mentioned

Job Description

Position : Actuarial AnalystSection : Governance and ControlCompany : Al Koot Insurance & Reinsurance CompanyLocation : Doha, QatarExperience : 5 ? 10 Years relevant experienceNo of resources : 1Purpose: Responsible for providing ongoing technical and analytical support to Al Koot. Responsible for actuarial analysis used to develop pricing for new and existing products in line with managements and company?s objectives.Initiate, organize and manage actuarial/underwriting projects independently and is responsible for the use of statistical models to analyse data and calculate the probability of and costs associated with certain events.Job Specific Requirement:Actuarial Strategy, Business Plans, Policies & Procedures

  • Formulate and implement actuarial strategy, annual business plans, policies and procedures to support functional and organizational business strategy.
  • Develop/prepare reports and assist in the development of new/revised policies.
  • Interpret government regulations and internal policies.
  • Assure periodical update for the trend of each market and periodical standard premium review in addition to new products pricing.
  • Preparing the actuarial reports and complying with the other actuarial reporting obligations required by the law, instructions, and circulars.
  • Real time exposure of IFRS 17 implementation
Actuarial Analysis
  • Gather and prepare analysis based on information from internal and external sources.
  • Apply knowledge of mathematics, probability, statistics, principles of finance and business to problems in insurance.
  • Research functional issues using a variety of resources.
  • Develop, maintain, audit and review functional databases and identifies inconsistencies.
  • Prepare recommendations based on data summaries, trend analysis, financial analysis, and business analysis.
  • Analyze data, construct probability tables to forecast risk and liability for future payment benefits.
  • Ascertain premium rates and cash revenues to ensure payment of future benefits.
  • Prepare and analyse ratings for new and renewing commercial groups.
  • Provide underwriting analysis for pricing and risk assessment selections including financial, business, and trend analysis of data critical for decision making in achievement of business objectives
  • Portfolio management through policies performance analysis and implementation of corrective measures

Keyskills :

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