Intermediate Actuarial Specialist (OMAO) at Old Mutual Nigeria

Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients' circumstances.

We are recruiting to fill the position below:

Job Title: Intermediate Actuarial Specialist (OMAO)

Job Requisition ID: JR-31265
Location: Lagos
Job type: Full time

Job Description

• The Technical operations Team is seeking a suitably qualified individual for an Intermediate Actuarial Specialist role.
• The successful incumbent will primarily be responsible for the pricing and profit testing of retail protection products, including any new and innovative propositions for our retail customers.
• They will also engage with various stakeholders including Finance, Product Design team and Experience and Analytics team.

Key Result Areas

• Data: Producing data for the Pricing processes (Profit-testing model and pricing model) and conduct Competitor Premium analysis.
• Pricing: Setting premiums for new product developments, and re-pricing existing products.
• Profit Testing: Producing and analysing financial and client value metrics to support premiums, such as; VNB, IFRS17 profit and reserving profiles.
• Model development: Developing new models for profit-testing, as well as maintaining and enhancing existing models.
• Product design: Providing technical input into the financial soundness, risk, client value and commercial viability for new product development proposals.
• Stakeholder Management and Business Engagement: Support the line manager to provide input during engagements with senior stakeholders, and the various areas within the business. Ensure that premiums and premium changes are implemented successfully and communicated appropriately.

Educational Qualification

• Bachelor of Science (BSc) Degree in Actuarial Science

The following would be advantageous:

• Protection Product knowledge, product development experience and modelling experience
• Experience with Prophet, DCS, SQL or Python
• Key behavioural skills and attributes required to fulfil this role:
• Strong technical skills and attention to detail
• Business acumen and negotiation skills
• Good interpersonal and communication skills
• Ability to work independently, as well as in a team
• Ability to work on a wide range of deliverables over a given period of time

Application Closing Date
7th March, 2023.

How to Apply
Interested and qualified candidates should:
Click here to apply online