Job Description
Main Purpose of the Job - (Job Summary)
Assist Head of Actuarial to meet Overall company strategy & objectives of business growth, profitability and sustainability through coordination of day to day actuarial function roles.
Main Responsibilities
1. Assist in performing internal actuarial valuations and Quarterly reporting IRA and Board.
2. Coordinate IFRS 17 implementation.
3. Carry out business and experience studies to update actuarial assumptions for valuation, pricing and risk assessment.
4. Provide underwriting and reinsurance support for pricing and risk assessment selections including financial, business and trend analysis.
5. Assist in product development and review of premium rates on request by carrying out research to assess company competiveness.
6. Actuarial correspondence with stakeholders and finance by addressing raised queries
7. Review and updating internal actuarial policies as and when required.
8. Training & mentoring of actuarial staff to achieve highest levels of performance.
9. Any other duties assigned
Key deliverables
1. Collecting data, validating data and following established guidelines to minimize errors.
2. Product development & pricing.
3. Regular & accurate actuarial analysis.
4. Training and development by pursuing actuarial credential by sitting for actuarial exams on a regular basis and attending professional development trainings.
Academic Qualifications
• Bsc.in Actuarial, Statistics or Mathematics
Key Job Skills (specific to the job)
• Leadership skills
• Analytical Skills
• Business/Market Awareness
• Familiar with regulatory framework
• knowledge of IFRS17 implementation would be an added advantage
• Actuarial modelling
• Risk Management
Job Specifications
Academic Qualifications
• Bsc.in Actuarial, Statistics or Mathematics
Professional Qualifications
• Passed at least (5-10)/15actuarial exams
Key Job Skills (specific to the job)
• Leadership skills
• Analytical Skills
• Business/Market Awareness
• Familiar with regulatory framework
• knowledge of IFRS17 implementation would be an added advantage
• Actuarial modelling
• Risk Management
General Skills
• Communication skills
• Interpersonal skills
• Customer Service
• IT skills (fluency)
Our Competencies/Behaviours
• Integrity
• Reliability
• Transparency
• Professionalism
• Teamwork
• Quality
Experience
At least 5yrs years of relevant work experience with 2 years in management.