Head, Actuary Unit at Lasaco Assurance Plc

Lasaco Assurance Plc is one of the fastest growing Insurance Companies in Nigeria. It is a composite insurance company with various products and services. We were incorporated on 20th of December, 1979 and licensed as an insurer on 7th July, 1980. We commenced full operation on 1st August 1980.

With the vast opportunities presented by increased capitalization for business expansion and growth, we became a Public Liability Company in 1991 when its Shares were admitted for the first time to the Nigerian Stock Exchange (NSE) through listing by Introduction. We have grown considerably in size, business coverage, profits, capital base and assets with our operations spanning all classes of the Insurance and Special Risks business, high impact financial services and Real Estate managed by our subsidiary.

We are recruiting to fill the position below:

Job Title: Head, Actuary Unit

Location: Ogba, Lagos
Employment Type: Full-time

Key Responsibilities

• Actuarial Valuation & Enterprise Risk Management.
• Product Pricing & Development.
• Asset Liability Management.
• Business Reporting and Communication with stakeholders.
• Reinsurance Management.
• Financial Forecasting & Reserving.
• Regulatory & Compliance Management.

Requirements

• First Degree in Actuarial Science, Mathematics, Statistics, or related.
• 10+ years actuarial experience, 3+ in top management.
• Knowledge and understanding of the Nigerian Insurance Sector.
• In-depth knowledge of IFRS 17, NAICOM regulations, solvency requirements, and risk management frameworks.
• Strong technical expertise in actuarial modelling, data analysis, and reinsurance strategies.
• Proficiency in Excel, VBA, Python, SQL, and Power BI.
• Strong analytical skills.
• Investigative skills
• Ability to give balanced judgments.
• Strong stakeholder management and negotiation.
• Change management ability.
• Strong decision-making.
• Time management priority setting.
• Highly curious and able to deal with ambiguity and complexity;
• Ability to challenge the status quo.
• Excellent communication and report writing skills with a keen attention to detail.

Application Closing Date
16th December, 2025.