Main Purpose of the Job - (Job Summary)

• Contribute to the company’s overall strategy by delivering actionable actuarial insights to support business growth, profitability, and compliance. Key responsibilities include conducting actuarial valuations, IFRS 17 Reporting, product development, and ensuring alignment with statutory actuarial requirements. 

Main Responsibilities 

•  Assist in performing internal actuarial valuations and Quarterly reporting to IRA and Board.
• .Perform data integrity checks by retrieving data and following established guidelines to minimize errors and support delivery of accurate information for sound actuarial analysis.
• Carry out business and experience studies to update actuarial assumptions for valuation, pricing and risk assessment.
• Assist in the implementation and integration of IFRS 17 processes, including building actuarial models, establishing measurement approaches, and calculating contractual service margins (CSM).
• Provide underwriting and reinsurance support for pricing and risk assessment selections including financial, business and trend analysis.
• Assist in product development and review of premium rates on request by carrying out research to assess company competitiveness.
• Actuarial correspondence with stakeholders and finance by addressing raised queries.
• Review and updating internal actuarial policies as and when required.
• Training & mentoring of actuarial staff to achieve highest levels of performance.
• Any other duties assigned. 

Job Specifications

Academic Qualifications

• Bachelor of Science in Actuarial Science or Mathematics

Professional Qualifications

• Passed at least 5 actuarial exams

Relevant Experience

• At least 3yrs years of relevant experience

• Assist in performing internal actuarial valuations and Quarterly reporting to IRA and Board.
• Perform data integrity checks by retrieving data and following established guidelines to minimize errors and support delivery of accurate information for sound actuarial analysis.
• Carry out business and experience studies to update actuarial assumptions for valuation, pricing and risk assessment.
• Assist in the implementation and integration of IFRS 17 processes, including building actuarial models, establishing measurement approaches, and calculating contractual service margins (CSM).
• Provide underwriting and reinsurance support for pricing and risk assessment selections including financial, business and trend analysis.
• Assist in product development and review of premium rates on request by carrying out research to assess company competitiveness.
• Actuarial correspondence with stakeholders and finance by addressing raised queries.
• Review and updating internal actuarial policies as and when required.
• Training & mentoring of actuarial staff to achieve highest levels of performance.
• Any other duties assigned.

• Bachelor of Science in Actuarial Science or Mathematics
• Passed at least 5 actuarial exams
• At least 3 years of relevant experience