The Junior Actuarial Analyst will work on different areas of actuarial practice related to the Underwriting
Department (for Health Reinsurance business mainly) using actuarially and statistically accepted methods.
They will have to work closely with different members of the team, but they will be mainly supervised by
the Actuarial Assistant Manager(s). They are expected to work at times independently under little
guidance and other times under more supervision and detailed guidance, depending on the nature of the
project.
What you do:
The Junior Actuarial Analyst is expected to work on different types of projects and tasks handled by the
Actuarial team, which includes, but is not necessarily limited to the following:
- Developing, testing and maintaining the pricing tools used by internal and external underwriters
- Maintaining and enhancing the other models and tools used in the department
- Assisting in the reporting of reinsurance statements
- Analyzing reinsurance treaties – new opportunities and renewals
- Carrying out pricing exercises and setting the book rates for different products and markets
- Portfolio monitoring & profitability analysis
- Assisting in underwriting and pricing large policies / special arrangements
- Carrying out experience analyses
- Assisting in the reserving exercises
- When carrying the different types of tasks, they are required to:
- Maintain proper documentation of all work performed and prepare manuals / technical sheets when needed (products developed, tools created…)
- Adhere to professional standards (including at the time of communicating findings and
- recommendations to colleagues, management, or clients)
What you bring:
- Bachelor’s degree; Certification in Actuarial Science background preferred
- 0-2 years of experience
- Fluency in English
- High analytical skills and numerical ability, including analyzing and interpreting complex data
- A high degree of proficiency and experience (either from work or university) in Excel and in VBA (or other programming languages like R and SQL) are required
- The following are not strictly required but can be a plus:
- Experience in Health insurance
- Good knowledge of reinsurance principles
- Experience in Alteryx
- Arabic language
- Legally permitted to work in the country of operations
- Physically fit to carry out duties
- Behavioral Requirements
- Strong attention to detail
- Strong project management and time management skills
- Ability to work under pressure and meet tight deadlines
- Ability to work independently
- High level of discretion in dealing with and handling confidential information
- Ability to collaborate with other teammates at all levels and maintain a strong team spirit
What we offer:
Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey.
We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to providing you with peace of mind and give the flexibility in planning and arranging for a better work-life balance.
55984 | Underwriting | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent
Allianz Partners Introduction:
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let's care for tomorrow.
