Head of Actuary
Now Health International · Dubai, United Arab Emirates
Tailor my CV for this job — freeAs the lead Actuary of NHI, you will serve as the senior actuarial leader responsible for the leadership and management of the actuarial function for NHI’s global operations across Asia, Middle East, Africa, Europe and ROW. You will be instrumental in setting the actuarial strategy, ensuring financial integrity, and providing strategic insights to drive decision-making and Pricing at the group level. This position is responsible for Group & individual pricing, reserving, portfolio monitoring, and coordinating with reinsurance and our global business partners. Key internal partnerships: will include partnering with Underwriting Director / Chief Distribution officer / Finance Director. Qualifications, Knowledge & Experience Required:Associate membership in a recognized actuarial association (e.g., Associate of the Society of Actuaries, Fellow of the Institute and Faculty of Actuaries).Extensive experience in actuarial and Underwriting roles, with a proven track record of leadership at the group or corporate level with strong multi geography exposure.Deep knowledge of insurance products, financial modeling, and risk management.Strong understanding of regulatory requirements and compliance issues across multiple jurisdictions.Excellent communication skills with the ability to communicate complex actuarial concepts to diverse stakeholders.Proven ability to collaborate across functions and business units in a complex organizational structure.Strategic mindset with the ability to contribute to overall group strategy.
Key Responsibilities
Actuarial Strategy and Governance:Develop and implement a cohesive actuarial strategy that aligns with the overall goals and objectives of the group.Establish and enforce actuarial governance standards to ensure consistency and compliance across business units.Stay abreast of industry trends, regulations, and emerging risks, ensuring proactive adjustments to the actuarial approachProduct Portfolio Management:Collaborate with business units to assess the financial impact of new products and initiatives at the group level.Lead the pricing strategy for insurance products, considering market conditions, competitive landscape, and regulatory requirements.Cross-functional Collaboration:Work closely with other functional areas, including finance, underwriting, claims, and corporate strategy, to integrate actuarial insights into broader organizational decision-making.Collaborate with data science and technology teams to leverage advanced analytics and technology solutions for enhanced actuarial capabilities.Talent Development:Build and lead a high-performing actuarial team, fostering a culture of continuous learning, innovation, and collaboration.Provide mentorship and professional development opportunities for team members.Reinsurance Strategy and Planning:Develop and implement a comprehensive reinsurance strategy aligned with the overall risk management and financial objectives of the organization.Conduct regular assessments of the reinsurance landscape, identifying opportunities to optimize coverage and improve risk-adjusted returns.Treaty Negotiation and Management:Lead the negotiation of reinsurance treaties, ensuring terms and conditions align with the organization's risk appetite and financial goals.Monitor and manage existing reinsurance contracts, assessing their effectiveness and making recommendations for adjustments as needed.Financial Modelling and Analysis:Oversee the development and maintenance of financial models related to reinsurance, including but not limited to pricing models, reserving models, and capital models.Conduct rigorous financial analysis to assess the impact of reinsurance on the organization's financial position, capital requirements, and overall risk profile