+27 (0) 82 823 9978 [email protected]

Senior Property and Casualty Actuarial Manager – BH1421

Our client is a top 5 MENA (Middle East and North Africa) insurer present in 13 countries. They are looking for a Senior Property and Casualty Actuarial Manager to join their team in Bahrain. The purpose of this role is to conduct statistical and actuarial analyses on the company’s Non-Life portfolio in order to monitor the profitability of products, as well as perform the different technical provisioning exercises under IFRS 4 and IFRS 17. 

Candidates who are interested should be a Nearly / Newly Qualified Actuary with a minimum of 7 years’ experience in the insurance industry, with hands-on experience specifically in Property and Casualty reserving. You should have sound reserving knowledge and use of industry software such as ResQ and IBNRS or other open-source packages. You must have the ability to manage and train a team, with strong mentoring and leadership skills, be self-motivated, detail-oriented and able to work well under pressure. You should have strong analytical and problem-solving skills, good communication skills and good command of business English, both in written and spoken form. 

Responsibilities will include: 

  • Providing mentoring and hands-on training to a team of two junior analysts. 
  • Executing, validating, and presenting technical provisioning exercises in line with IFRS 4 and IFRS 17 standards, justifying the results with different stakeholders. 
  • Performing monthly, quarterly and annual reserving exercises for all Property and Casualty lines of business, ensuring adequacy and compliance with actuarial best practice and company standard. 
  • Undertaking detailed reconciliation of data derived from different sources.  
  • Conducting in-depth profitability studies and pricing exercises for commercial lines, specifically for motor, marine and property sectors. 
  • Offering strategic guidance and high-level support to the pricing team in GLM modelling for commercial and personal line motor insurance. 
  • Taking ownership of regulatory reporting processes, with special focus on IFRS 17 implementation. 

For more information, please contact Wilhelm ([email protected] or +27 (0)82 823 9978). 

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