07 Oct

Actuarial Analyst Dubai Jobs Vacancy in Willis Towers Watson Dubai

Position
Actuarial Analyst Dubai
Company
Willis Towers Watson
Location
Dubai DU
Opening
07 Oct, 2018 30+ days ago

Willis Towers Watson Dubai urgently required following position for Actuarial Analyst Dubai. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

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Actuarial Analyst Dubai Jobs Vacancy in Willis Towers Watson Dubai Jobs Details:

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

The Business

Investment, Risk and Reinsurance (IRR) business segment provides a comprehensive suite of solutions to help clients manage and measure risk and capital. Our sophisticated approach to risk helps clients free up capital. We work in close concert with investors, reinsurers and insurers to manage the equation between risk and return. Blending advanced analytics with deep institutional knowledge, we reveal new opportunities to maximize performance.

Willis Re is one of the world’s leading – and oldest – reinsurance brokers. It places over $11.5bn of premium each year on behalf of over 750 insurance and reinsurance company clients worldwide. Comprising over 1,500 colleagues, Willis Re’s global capabilities are complemented by on-the-ground presence and local understanding in over 50 locations globally.

It draws on the expertise of the Willis Research Network – a network of over 50 academic institutions set up to develop dynamic and innovative solutions to the challenges of risk and resilience.

Assessing risk and its impact on capital and financial performance, Willis Re’s experts take time to understand how individual insurance companies develop their strategies in order to help them achieve their goals. Its systematic approach guides clients to the most suitable solution, with the right partners, at the best possible price, through the 3 key roles:

  • Risk quantification – to enable better decisions: Identification and quantification of clients’ sources of risk using advanced analytical tools;
  • Risk financing and structuring – to provide better solutions: Using sophisticated optimization tools and deep market knowledge to develop and test a wide range of structures to find the best possible outcome;
  • Execution – to deliver better results: from market access and price negotiation to contract certainty and claims accounting, the integrated team approach is a key differentiator and makes client satisfaction the highest priority.

The Role

As an entry level associate within Willis Re MENA you will be responsible for providing assistance in the actuarial analyses within the Willis Re MENA team based in Dubai.

The role is to assist brokers in actuarial analyses in order to provide the best service offering to our existing clients, add value with innovative ideas, and support in prospecting new clients.

Works and needs are always evolving as this is a growing and fast developing market.

Actuarial daily analyses are mainly related to Portfolio analysis, Pricing, Dynamic Financial Analysis, Reinsurance optimisation and expert advisory.

In parallel, various on-going projects have to be followed to improve our service offering, value added and innovation.

Role based in Dubai and Permanent – full time required.

Territorial scope: MENA

Business Scope: Reinsurance Treaties (all lines of business)

Objectives:

Clients

  • Deliver analysis that meet or exceed client expectation
  • Increase efficiency within the team by identifying ways to improve processes
  • Monitor progress to deadlines and organisation

    Excellence

  • Assist with business planning, pricing, view of risk, product development and reinsurance
  • Support portfolio growth, development and/or restructuring by identifying the best adapted reinsurance protection
  • Assist with key market stakes: rating, capital adequacy, regulatory & solvency compliance
  • Innovation ideas to add value in our service offering

    Communication

  • Build strong relationships internally and with client representatives
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels

Capacity to explain technical/scientific mechanisms in basic/easy terms to non-scientific audience

The Requirements

  • Master Degree (or above) in Actuarial Sciences, Mathematics, Statistics or numerate related field
  • Undertaking an approved international actuarial qualification and be part way through the exams
  • Written and spoken fluency in English. French or Arabic would be a plus.
  • Strong actuarial and technical analytical skills
  • Reinsurance understanding (from practical experience and/or from University background)
  • Able to work independently as well as contribute effectively as a team player
  • High level of professionalism is required: integrity, transparency, efficiency, communication
  • Well organised, able to handle a variety of assignments and meet tight deadlines
  • Strong computer/programming skills (i.e. spreadsheets, databases, Excel, VBA)
  • Someone very comfortable with data manipulation / data analysis, innovation, open-minded and happy to work on a growing environment
  • Innovative and dynamic


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