ACTUARIAL ANALYST

KEY PRIMARY RESPONSIBILITIES

Financial & Regulatory Reporting

Support the production and review of IFRS 17 valuation results and associated disclosures.

Support the production and review of statutory filings in accordance with Insurance Regulatory Authority (IRA) requirements, and Management Reports for internal use (e.g., VNB, VIF, EV, etc).

Work in collaboration with the finance team to align actuals vs. budget and enhance monthly close efficiency.

Experience Monitoring

Assist in performing periodic claims experience analyses to guide pricing and reserving assumptions and provide actionable recommendations to management.

Capital Modelling

Run capital adequacy assessments under local solvency regulations.

Assist in producing Capital Adequacy reports with recommendations to management.

Pricing & Product Development

Pricing of new individual and group life products, ensuring profitability, competitiveness, and regulatory compliance.

Assist in enhancing pricing tools and profitability testing models.

Budgeting & Strategy Actuarial Inputs

Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning using actuarial projection models.

Working closely with the finance team to ensure the success of budgeting and strategic planning processes.

ACADEMIC QUALIFICATIONS

Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage.

JOB SKILLS AND REQUIREMENTS

Technical Skills

Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, Excel VBA, Python, R, etc).

Advanced analytical skills and business insight.

Familiarity with Power BI or other dashboarding tools is a plus.

Behavioural Attributes

Strong attention to detail and a commitment to accuracy.

Able to manage multiple deadlines and priorities under minimal supervision.

Effective communicator—both written and verbal—with stakeholders at all levels.

Mentorship mind-set and a collaborative team player.

PROFESSIONAL QUALIFICATIONS

Progress toward actuarial qualification (minimum: 6 papers).

EXPERIENCE

Minimum 4 years’ actuarial experience, preferably in a life insurance setup.

Experience in IFRS 17 valuation and reporting is an advantage.

Experience in calculating VIF, VNB and Embedded Value is an advantage.

Understanding of Asset-Liability Management Process.

• Support the production and review of IFRS 17 valuation results and associated disclosures.
• Support the production and review of statutory filings in accordance with Insurance Regulatory Authority (IRA) requirements, and Management Reports for internal use (e.g., VNB, VIF, EV, etc).
• Work in collaboration with the finance team to align actuals vs. budget and enhance monthly close efficiency.
• Assist in performing periodic claims experience analyses to guide pricing and reserving assumptions and provide actionable recommendations to management.
• Run capital adequacy assessments under local solvency regulations.
• Assist in producing Capital Adequacy reports with recommendations to management.
• Pricing of new individual and group life products, ensuring profitability, competitiveness, and regulatory compliance.
• Assist in enhancing pricing tools and profitability testing models.
• Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning using actuarial projection models.
• Working closely with the finance team to ensure the success of budgeting and strategic planning processes.

• Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, Excel VBA, Python, R, etc).
• Advanced analytical skills and business insight.
• Familiarity with Power BI or other dashboarding tools is a plus.
• Strong attention to detail and a commitment to accuracy.
• Able to manage multiple deadlines and priorities under minimal supervision.
• Effective communicator—both written and verbal—with stakeholders at all levels.
• Mentorship mind-set and a collaborative team player.

• Bachelor’s degree in actuarial science or related field.
• A master’s degree in actuarial management will be an added advantage.
• Progress toward actuarial qualification (minimum: 6 papers).