RMC Manager, Actuarial Analyst Jobs in Kuwait
Recent Posts
RMC Manager, Actuarial Analyst Jobs in Kuwait
Actuarial Analyst
Location: KW
Company: Alghanim Industries
Long Description
Job Summary
Ensure appropriate methods and models are used in the calculation of technical provisions & Improve on the technical reserve development models currently in use & compare best estimates against actual experience. AvE analysis %
Job Responsibilities
Duties and responsibilities include but not limited to:
Actuary & Portfolio Management:
• Works with IT to ensure that analytical data sources (claim, eligibility, etc.) are available and accurate
• Analyze of corporate loss and loss expense reserves on a quarterly basis. Resulting analysis and direction are presented quarterly. Communicates reserve analysis and direction to the Board of Directors.
Pricing and Underwriting:
• Assist in the assessment of the underwriting processes and systems and identify improvement opportunities in coordination with Head of Underwriting department.
• Elaborate a set of robust management information reports, monitor the profitability of products on regular basis and manage to achieve desired loss ratio.
Technical provisions calculation – Reserving:
• Ensure appropriate methods and models are used in the calculation of technical provisions.
• Improve on the technical reserve development models currently in use.
• Oversee and manage the data and the application systems required to support the reserving function, ensuring the data is accurately and consistently captured.
• Add value to the business by ensuring that the reserve analyses are segmented to mirror the business, reflect changes in underwriting strategies and appetites and provide the appropriate level of detail to identify key trends and macroeconomic factors that are impacting the business.
Other Actuarial Key responsibilities:
• Provide Actuarial support to other departments if necessary.
• Ensuring compliance with the local regulatory requirements and liaising with external independent Actuaries.
• Coordination with Claims team to quantify the impact of initiatives and specific IBNR areas
Perform treaty renewals analysis and make the required amendments on treaty’s terms & conditions based on the results including performing mortality studies.
Employee Relation:
• Respond to internal & external employee related queries, requests, issues and provide assistance.
• Ensure the smooth and adequate flow of information within the company to facilitate business operations.
• Assist in creating a high performing work environment for the business
Candidate Requirements
Bachelor’s degree from an accredited college/university with a strong academic background in mathematics, statistics or actuarial science and insurance.
Minimum of 2 years work experience.
Highly proficient in the details of applicable technical tools and maintains skills through direct participation in projects.
Ability to lead a process and be accountable for its execution, timeline, and deliverables.
Excellent technical expertise gained from working as an Actuary.
Knowledge of the Insurance industry.
Ability to create spreadsheets and utilize various computer applications.
Education
Latest Accountant Jobs, Costing Clerk, Financial Analyst Automotive
HR, Sales Representative Jobs in Kuwait
RMC Manager, Actuarial Analyst Jobs in Kuwait
RMC Manager
Location: KW
Company: Alghanim Industries
Job Summary
This position will be responsible for supporting the implementation of a robust program to mitigate risks and automate manual processes across the company by building a close working relationships with the executive team, controllership, internal audit, compliance, and other corporate functions. This position will also lead a department of professionals to continuously monitor and report performance with KPIs and other tools required in the furtherance of risk management and internal control objectives.
Job Responsibilities
- Manage the execution of all RMC led activities by the Controllership, including risk assessment; control testing; finance process KPIs; policy and procedures; policy deviations; controls automation; external audit issues; and balance sheet reviews.
- Advise on the company-wide risk management, risk assessment and corporate governance programs with the Controllership.
- Organize meetings to discuss RMC activities and conduct workshops to train users and roll-out new initiatives.
- Communicate the RMC results periodically to the top executive management after collecting data from businesses and presenting on an online dashboard.
- Interact with the CFO and Group Controller to communicate RMC results.
- Prepare and present RMC annual and half-yearly reports to the CEO and Chairman.
- Randomly review and assess the adequacy of business units’ control testing and account reconciliation results to provide independent assurance to the management.
- Provide feedback on new or updated policies and procedures developed by the business units.
- Follow-up and track remediation status of deficiencies identified during controls testing and KPIs.
- Manage companywide implementation of corporate projects to automate manual processes within budgetary cost controls.
- Reorganize the process of central trade-credit collections and accounting, and design the related computer-based system, for effective management and tracking.
- Lead the designing of interfaces between SAP / Non-SAP accounting systems, central payment management system, Treasury, SWIFT network, and Banks for end-to-end integrated payments.
- Execute especial internal audits and fraud investigations to provide independent report to management on the deficiencies in the control environment and recommend improvements.
- Demonstrate technical proficiency in IT systems to provide guidance and advise alternate technologies, IT risk and controls, relevant standards, and historic control weaknesses in the company.
- Administrate the Governance Risk & Compliance (GRC) computer software called BWise that is used to manage various RMC activities
Candidate Requirements
- Graduate in Accounting or Finance with professionally qualification (CA/CPA/ACCA is a must), Certificate such as CRMA, CRISC, CIA or CISA will be an added advantage.
- Strong post-graduate experience of 8 years in accounting or Risk management roles.
- Proven role as a manager of people, processes and projects.
- Strong understanding of COSO and SOX 404 requirements on internal controls.
- Strong understanding of Companies laws and regulations.
- Strong program administrator.
- Proficient in using MS Office products.
- Familiarity with well-known ERPs, like SAP.
- Familiarity with GRC applications, like BWise.
RMC Manager, Actuarial Analyst Jobs in Kuwait
Work From Home, Language Expert | IISC Govt. Jobs in India
Sentence Translation, Work From Home – IISC Jobs – SPIRE LAB IISC Recruitment
Disclaimer :
https://www.indianinq8.com is not responsible for content and makes no warranties or guarantees about the products or services that are published.
Apply on your own risk.