Duties & Responsibilities

• Actuarial Valuation: Validating data and performing actuarial valuation, including setting up valuation models and estimating actuarial liabilities (UPR, OCR, IBNR, IBNER, DAC, UARR, ULAE, etc.) to ensure that the company’s financial statements are accurate and comply with regulatory requirements.
• Insurance Contract Pricing: Reviewing pricing of insurance contracts/products and developing pricing calculators to ensure that they are priced competitively and meet business objectives.
• Product Performance Review: Assessing sales volumes, claims experience, expenses, and distribution setup to identify areas for improvement and ensure that products are meeting business objectives.
• Product Development: Conducting research, developing pricing models, conducting profit testing, and other actuarial modeling/testing to ensure that products are priced appropriately and are profitable.
• Risk-Based Capital Modeling: Computing risk-based capital on a monthly basis and advising management accordingly to ensure that the company has adequate capital to support its operations.
• External Actuary Liaison: Liaising with external actuaries and providing them with the necessary information, documents, and records to execute their work in a timely manner. Working with external actuaries to provide value-adding reports to the business.
• Management Reporting: Supporting the preparation of monthly management reports.
• Annual Financial Statements and Board Papers: Supporting the preparation of annual financial statements, board papers, annual budgets, and other strategic plans.
• Any other duties as assigned by supervisor.

Qualifications

• Bachelor’s Degree in either Actuarial Science, or Data Science, or Statistics, or Computer Science, or any other related field.
• Proficiency in Word, Advanced Excel, PowerPoint.
• Good programming skills: Oracle BI/Python/R/C++/Power BI.
• Good knowledge of regional financial and insurance regulatory requirements.
• Strong communication and writing skills, and proficiency in English.
• Displays high motivation, flexibility, adaptability, initiative, and self-drive, and is a fast learner.
• Ability to work independently and collaboratively within a team environment. 
• Strong organizational and time management skills, with the ability to manage multiple tasks and meet tight deadlines. 

Professional Qualifications

• Progress in Professional Examinations, with at least 4 papers completed.

Experience

• At least 2 years of relevant actuarial experience, preferably in the insurance industry. 

How To Apply

Click Here To Apply

Apply before or on 31st Jan 2024