The role is for an Actuarial Specialist (Reserving) or Reserving Actuary with a specialist focus on:
• Quarterly accident year reserving
• Regulatory Reporting (Solvency II, IFRS 17 etc.)
• Annual Business Planning
• Contribution to existing and developing future management information

The jobholder will also:

• Assist the Actuarial team in other aspects of their business, including various actuarial analyses,
reconciliations, liaising with internal and external stakeholders and managing ad-hoc requirements.
• Be required to both promote and adhere to professional requirements and to encourage and assist others

The job holder will report to the Head of Actuarial Reserving. The role is based in Amman, and there will be opportunity to travel to London (UK) where some of the actuarial Reserving team is based and
potentially to other office locations dependent on business requirements.

Job Description

Company Description

IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers.

Key Responsibilities

• Quarterly Reserving for IGIs various lines of business
  • Set and review reserves across various Reserving segments
  • Discussions with respective underwriters and claims handlers
  • Presentations of findings to underwriters and management
  • Written documentation to requisite standards
• Review and management of several large facilities (binders) and/or other areas of focus
• Preparation and review of returns to:
  • Various regulatory bodies (SEC, BMA, UK PRA, Malta FSA, NAIC and Labuan FSA)
  • Rating agencies (S&P, A.M. Best)
  • Analysis of anticipated profitability for Business Planning
  • Continue to develop and evolve data management, processes and management information with a focus on further automation

Key Attributes & Professional Qualifications

The candidate will either be:

 

• Studying towards FIA, FCAS, FAIA or equivalent (8-12 exams) with 3-5 years of actuarial work experience, or
• A newly qualified Actuary with the Institute of Actuaries (or equivalent professional body) with 0-2 years of post-qualification experience.

 

The candidate will be expected to demonstrate:

 

• Broad expertise across several non-life actuarial functions with a specialism in Reserving
• Backgrounds from Lloyd’s, the London Market, Commercial Lines or Consultancy
• High-level written and verbal communication skills
• Can build models/ processes with supporting documentation to solve problems that are used by themselves or by others
• Actively proposes/makes/implements improvements to productivity and new solutions to new
• and existing workflows/processes and challenges
• Ability to highlight areas of uncertainty to the wider team and managers
• Delivery and timeliness of several simple and complex projects including critical regulatory
• reporting requirements
• Detail oriented, able to work well under deadlines and perform tasks with little supervision
• Expertise in two or more of: Excel, VBA, SQL, R, Python, Power BI etc

 

The role currently does not include any direct management; however, this may change in the future. The candidate would still participate in understanding the motivations and others in the team and other departments.

Our Culture

Our constant endeavour is to create and maintain a performance driven work culture focusing on employee satisfaction and retention. With attractive compensation packages, positive and productive work environment and challenging assignments and opportunities across the world, IGI is committed to being the employer of choice wherever it operates. We not only want to attract and retain the very best of professionals but also want them to be partners in our growth.

 

We realize our vision by living a set of values that foster transparency, collaboration and mutual respect.

Ultimately it is our values that define our behaviour and shape IGI’s character.

Innovative. Genuine. Integrity. IGI.

Innovative: We listen, consider and endeavour to offer solutions to all our customers. We encourage our employees to innovate and to come up with new ideas and initiatives.

Genuine: We are a global team, supporting and collaborating with each other, for the benefit of all our stakeholders. We celebrate diversity and recognize that everyone is unique, and of value to ourselves and our society.

Integrity: We put our principles into practice, doing only what’s right for our customers, employees and shareholders. We believe in building relationships, internal and external, based on trust, truths and real collaboration.