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Associate Actuarial Analyst

Associate Actuarial Analyst

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Job Details
Uploaded On
May 15, 2024
United Arab Emirates
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Description and Requirements

Job Overview: 

The role will sit in the Product Department supporting MetLife Gulf’s Retail business operations across UAE, Qatar, Oman, Kuwait and Bahrain through individual unit-linked, life, accident & health insurance products. This position involves supporting on various tasks and initiatives depending on the business need in order to contribute to the growth and profitability of the Retail business. The tasks can range from product development and pricing, financial analysis, data analytics and management reporting.

The successful candidate will need to be self-motivated with a strong can-do attitude. The ability to adapt quickly to a dynamic environment is a must. Experience in product and pricing role is desirable, but not essential. The candidate must be on actuarial student track and is committed to obtaining the actuarial qualification.

Key Relationships: 

Reports to: Retail Products Actuarial Director Gulf

Other Key Stakeholders: Head of Product Gulf, Senior Product Actuary Gulf

Key Responsibilities: 

·       Support on product development initiatives, including but not limited to:

o   Preparation of Business Case and Technical Note.

o   Performing pricing and profitability analysis and ensuring all criteria are met.

o   Implementation and testing, including user testing and illustrations.

·       Provide assistance in regulatory and management reporting.

·       Preparing policy level reports for reinsurer on monthly basis.

·       Assist with data analysis, including but not limited to:

o   Retrieving historic claims and premium data for experience analysis.

o   Extraction of model points from data extracts for portfolio analysis.

o   Reporting of persistency metrics.

·       Monitoring competition and gathering market information.

·       Supporting Operations department with ad-hoc manual illustrations and other tasks as necessary.


Skills and Competencies:

·       Strong analytical, statistical, and problem-solving skills.

·       Ability to manage multiple projects and tasks simultaneously. 

·       Strong communication skills (written and oral) – proven ability to communicate complex concepts to non-experts.

·       High proficiency in Microsoft Office, in particular, Microsoft Excel.

·       Experience in data analysis and proficiency in data analytic tools (e.g. Alteryx, PowerBI, Tableau, Qlikview) desirable.



·       Bachelor's degree in Actuarial Science, Mathematics, or a related field; Postgraduate degree and actuarial exams are a plus.

·       Minimum of 1 year of relevant experience.

·       Committed to completing actuarial exams and certifications to obtain Actuary qualification.

About MetLife

Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies", MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible. Join us!
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A global provider of insurance, annuities, and employee benefit programs, MetLife serves 90 million customers in over 60 countries, offering life, accident, health insurance, and retirement income solutions.

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