Senior Actuarial Associate

Role Overview

The role supports actuarial reporting and analysis across MEA countries under both IFRS 17 and US GAAP. Reporting to a senior actuary, the candidate will deliver valuation and financial reporting analysis, strengthen end-to-end controls, and support quarterly close and audit processes in partnership with the regional US GAAP team and local stakeholders.

Key Responsibilities

• 
  US GAAP Reporting
  • Support the central US GAAP team with valuation and reserve analysis for MEA entities, including AI initiatives, various issues which need working with both local team and central team.
  • Support the MEA US GAAP lead with analysis of US GAAP earnings and key P&L drivers; help prepare clear explanations and management-reporting narrative for stakeholders.
  • Support experience analysis (mortality, lapses, expenses and other drivers as applicable) and contribute to setting and governance of US GAAP assumptions, including documentation and change impact analysis.
  • Support the US GAAP quarterly close in partnership with the regional US GAAP team (deliverables, reconciliations, and controls), including DAC / LDTI analysis where relevant, coordination with modelling/IT on model changes, and timely responses to auditor queries.

• 
  IFRS17 Support & Consolidation
  • Produce and review IFRS 17 valuation and financial reporting outputs across MEA entities, including completeness checks, reconciliations, and governance over period-end deliverables.
  • Coordinate with Finance to translate actuarial outputs into IFRS 17 journals, disclosures and reporting packs; support close timetables and resolve reconciliation issues from model output through to the general ledger.
  • Support IFRS 17 delivery in Levant countries, including assumptions governance, results review, movement analysis, disclosure support, and responses to audit and regulator queries:
    • Lebanon: Period-end IFRS 17 production and review, audit support, and regulatory submissions aligned to agreed timelines.
    • Jordan & Egypt: Support inspections and remediation of submission backlogs; improve handoffs and reconciliation processes with controllers and finance.
• Assumptions Management
  • Centralize assumption update and review processes across Gulf, Levant, Ukraine, and Turkey for both IFRS 17 and US GAAP.
  • Coordinate with local teams to develop, document, and propose assumptions to Chief Actuaries, ensuring appropriate governance and consistency across reporting bases where required.
  • Assess and explain the impact of assumption changes on IFRS 17 (including CSM and liability movements) and US GAAP (including reserves and earnings), and support incorporation into models and reporting.
• Expense Unitization
  • Centralize expense unitization across all MEA countries.
• Controls & Risk Management
  • Strengthen actuarial controls across all countries and bases.
  • Partner with risk teams to implement robust risk frameworks for actuarial processes.
  • Ensure issues are addressed and cross-checked across regions.
• Change Management
  • Manage all change requests submitted to MAS (Modelling and Actuarial Solutions).

Required Skills & Qualifications

• Associate of the Society of Actuaries or Institute of Actuaries
• 6+ years of experience
• Strong working knowledge of IFRS 17 actuarial reporting (measurement, CSM analysis, movements, and disclosures) and ability to explain results to Finance and auditors.
• Strong working knowledge of US GAAP valuation and financial reporting, including reserve and earnings analysis, experience studies and assumption setting, and quarterly close and audit support (DAC / LDTI where applicable).
• Strong analytical skills with demonstrated ability to investigate movements, reconcile results across systems, and deliver clear, audit-ready explanations.
• Ability to run cross-country reporting processes end-to-end, coordinating with local actuarial teams, Finance, Operations, Modelling and IT to meet close timelines.
• Clear written and verbal communication skills to present technical actuarial outcomes, key drivers, and issues to senior actuarial leadership, Finance, and auditors.

Preferred Experience

• Regional exposure across MEA markets.
• Hands-on experience with assumption setting governance and experience studies, including communicating impacts under IFRS 17 (CSM/movements) and US GAAP (reserves/earnings).
• Experience supporting period-end close and audit processes for IFRS 17 and/or US GAAP, including control evidence, reconciliations, and responding to auditor questions.

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