📊 We're Hiring: Actuarial Risk Manager
📍 Location: United Arab Emirates (Remote)
🕒 Employment Type: Full-Time
💼 Experience Level: Mid-Level to Senior
🌐 Work Arrangement: Fully Remote
About Us
We are a risk-focused organization committed to strengthening financial resilience through actuarial analysis, quantitative risk management, sound governance, and data-driven decision-making.
Our distributed teams collaborate across Actuarial, Risk Management, Finance, Underwriting, Investments, Treasury, Compliance, Legal, Data Science, Product, Operations, Internal Audit, Regulators, and Executive Leadership to identify, quantify, monitor, and mitigate financial and insurance-related risks.
The Role
We are seeking an experienced Actuarial Risk Manager to lead actuarial risk assessment, financial modeling, capital analysis, reserving oversight, risk monitoring, stress testing, scenario analysis, and actuarial governance.
The ideal candidate will combine strong actuarial expertise with enterprise risk management, quantitative analysis, financial modeling, regulatory knowledge, and strategic business judgment.
The role will be responsible for assessing current and emerging risks, developing actuarial models, monitoring capital adequacy, evaluating assumptions, supporting risk appetite frameworks, and providing senior leadership with quantitative insights into financial risk and resilience.
Key Responsibilities
- Develop and implement actuarial risk-management strategies, policies, frameworks, standards, and governance processes aligned with organizational objectives.
- Identify, assess, quantify, and monitor insurance, financial, market, credit, liquidity, operational, and emerging risks within the organization's risk framework.
- Develop actuarial risk models to assess potential losses, liabilities, capital requirements, profitability, and financial resilience.
- Perform actuarial analysis across pricing, reserving, claims, mortality, morbidity, longevity, lapse, catastrophe, and other relevant risk areas.
- Review actuarial assumptions, methodologies, models, data sources, and calculation processes to ensure robustness and appropriateness.
- Monitor changes in risk exposure and identify trends that may affect financial performance, solvency, capital adequacy, or business strategy.
- Conduct stress testing and scenario analysis covering adverse market conditions, claims deterioration, economic changes, catastrophe events, interest-rate movements, inflation, mortality or morbidity changes, and other relevant scenarios.
- Develop quantitative assessments of potential financial impacts and recommend appropriate risk-mitigation strategies.
- Support the development and monitoring of risk appetite frameworks, risk limits, tolerance thresholds, and key risk indicators.
- Monitor actual risk exposure against approved risk appetite and escalate material breaches or emerging concerns.
- Support capital-management activities and assess capital adequacy under base-case and stressed scenarios.
- Conduct solvency and capital assessments in accordance with applicable regulatory and internal requirements.
- Support Own Risk and Solvency Assessment (ORSA) processes where applicable.
- Collaborate with Finance and Actuarial teams on reserving, financial reporting, liability valuation, and actuarial estimates.
- Review technical provisions, reserves, claims liabilities, and other actuarial estimates from a risk-management perspective.
- Analyze claims development, loss ratios, combined ratios, expense ratios, and other relevant actuarial and insurance performance indicators.
- Assess the risk implications of product design, underwriting strategies, pricing decisions, policy terms, and changes in business mix.
- Work with Underwriting and Product teams to evaluate risk selection, pricing adequacy, portfolio concentration, and profitability.
- Support reinsurance strategy by analyzing risk transfer, retention levels, catastrophe exposure, counterparty risk, and reinsurance effectiveness.
- Evaluate reinsurance structures, treaties, limits, deductibles, attachment points, and other risk-transfer arrangements where applicable.
- Monitor concentration risks across products, geographies, customers, counterparties, industries, and other relevant dimensions.
- Develop actuarial and risk dashboards covering key exposures, capital metrics, claims trends, profitability, reserves, risk appetite, and emerging risks.
- Establish and monitor key risk indicators and early-warning indicators to identify deterioration in risk performance.
- Conduct model validation, sensitivity analysis, assumption testing, and scenario analysis to assess model reliability.
- Collaborate with Data Science, Technology, and Analytics teams to improve actuarial models, data quality, automation, and analytical capabilities.
- Review data quality, completeness, consistency, and appropriateness for actuarial and risk-management purposes.
- Support the development and implementation of predictive models, machine-learning applications, and advanced analytics where appropriate.
- Monitor applicable actuarial, insurance, financial, and regulatory requirements and assess their impact on risk-management processes.
- Work with Compliance and Legal teams to ensure actuarial risk practices meet applicable UAE and international regulatory expectations.
- Support regulatory submissions, actuarial reports, capital assessments, risk disclosures, and other regulatory requirements where applicable.
- Coordinate with Internal Audit and external assurance providers on actuarial-risk reviews, model governance, capital assessments, and control evaluations.
- Maintain comprehensive actuarial risk registers, model inventories, assumption registers, risk reports, capital assessments, scenario analyses, and governance documentation.
- Establish appropriate model-governance frameworks covering model development, validation, approval, documentation, monitoring, and change management.
- Identify model risks and develop mitigation strategies for assumption uncertainty, data limitations, model limitations, and implementation risks.
- Provide actuarial risk insights to senior management, executive committees, risk committees, and the Board where appropriate.
- Prepare risk reports, actuarial analyses, scenario assessments, capital reviews, executive presentations, and strategic recommendations.
Key Performance Indicators (KPIs)
Performance will be measured through a combination of actuarial, financial, risk, regulatory, and governance KPIs, including:
- Capital adequacy
- Solvency performance
- Risk appetite compliance
- Actuarial model accuracy
- Reserve adequacy
- Claims-development performance
- Forecast accuracy
- Stress-test completion
- Scenario-analysis coverage
- Key risk indicator performance
- Risk-limit breaches
- Portfolio risk concentration
- Reinsurance effectiveness
- Model-validation completion
- Data-quality performance
- Regulatory compliance
- Risk-reporting timeliness
- Emerging-risk identification
- Risk-mitigation effectiveness
- Actuarial governance performance
Candidate Profile
The successful candidate should have strong experience in actuarial risk, actuarial consulting, insurance risk management, enterprise risk management, capital management, or a related quantitative discipline.
Experience within insurance, reinsurance, financial services, pensions, investments, banking, or risk consulting would be advantageous.
The candidate should have strong actuarial modeling and quantitative-analysis capabilities combined with commercial judgment, regulatory awareness, and the ability to communicate complex risk concepts to senior stakeholders.
What You'll Bring
- Proven experience in actuarial risk management, actuarial consulting, insurance risk, or a related quantitative role.
- Strong understanding of actuarial principles, financial risk, and insurance risk management.
- Experience with actuarial modeling, reserving, pricing, capital analysis, or risk quantification.
- Strong knowledge of stress testing, scenario analysis, sensitivity analysis, and risk modeling.
- Experience with solvency, capital adequacy, ORSA, or similar risk frameworks is advantageous.
- Strong understanding of insurance products, underwriting, claims, and reinsurance.
- Experience assessing actuarial assumptions, models, and data quality.
- Strong knowledge of enterprise-risk-management principles and risk appetite frameworks.
- Experience working with regulators, auditors, risk committees, and senior management.
- Strong quantitative, statistical, and analytical capabilities.
- Advanced Excel skills and experience with actuarial or statistical software such as R, Python, SAS, SQL, or equivalent tools.
- Strong understanding of model governance and validation.
- Excellent communication, presentation, report-writing, and stakeholder-management skills.
- Ability to translate complex actuarial analysis into clear business and risk recommendations.
- Highly analytical, commercially aware, detail-oriented, and risk-conscious.
- Ability to manage multiple analytical projects and regulatory deadlines.
- Ability to work independently and effectively within a fully remote environment.
- Relevant degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative discipline.
- Actuarial qualification or substantial progress toward qualification through a recognized professional actuarial body is strongly preferred.
- Experience working within the UAE or wider GCC insurance and financial-services market is highly desirable.