One of the top Insurance firms in Nigeria, is looking to recruit suitably qualified candidates to fill the position below:
Job Title: Actuarial Officer
Location: Lagos
Reports to: Head, Actuarial Unit
Job Objectives
- To support the delivery of a broad range of actuarial, financial and risk analysis services to the organisation, proffering rates, solutions and actuarial assumptions.
Job Summary
- To support critical actuarial job functions. Role holder shall also support the management of internal reporting and actuarial valuation of life and GI businesses; manage relationship with appointed Actuarial consultants for valuations; product pricing.
Principal Duties and Responsibilities
- Assist with analysis of statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- Assist with establishing internal reporting and valuation of policyholder liabilities; and asset liability matching guidelines and processes; and provide timely inputs to the Head of Actuary.
- Support with determining premium rates required, cash reserves and liabilities necessary to ensure payment of future benefits.
- Assist with the construction of probability tables for various events, based on analysis of statistical data and other pertinent information.
- Administer insurance, annuity plans and determining financial soundness and calculation of premiums.
- Assist with the determination of equitable basis for distributing surplus earnings under participating insurance and annuity contracts.
- Work with operations team in the development of an underwriting quality program that addresses both the technical and subjective aspects of underwriting.
- Support the development of product enhancements based on industry trends and performance of book while ensuring long term sustainability.
- Support the management of annuity Portfolio Group wide.
- Participate in the Reinsurance Program Review.
- Other duties assigned by the line manager.
Primary Interfaces
- Internal: All Sales Business Units, All Underwriting teams, Finance team, Treasury & ERM
- External: Actuary Consultants, NIACOM, Brokers, Agents, Clients
Person Specification
Skills/ Competence Requirements:
- Skilled in actuarial valuation, performance analysis and reporting
- Skilled in process analysis and improvement; Strong project management and reporting experience.
- Strong organizational skills with a high level of accuracy and timeliness.
- Excellent interpersonal skills including strong verbal and written communication skills and ease in interacting with all customers (internal and external).
- Ability to multi-task in a fast-paced environment while meeting critical deadlines.
- Technical underwriting expertise to handle and review large and complex cases in a high volume environment.
- Understanding of underwriting policies, guidelines practices and procedures, and has the ability to influence and champion changes to improve processes while maintaining mortality expectations.
- Demonstrates good understanding of sales objectives and concepts of varying levels of complexity.
- Understands documents such as policies, proposals, claims and financial reports
- Must be at least an Associate of Actuarial Society.
Education and Experience
- Good Bachelor's Degree in Actuarial Sciences
- Professional qualification in Actuarial Sciences.
- A minimum of 4 years in Actuarial unit or capacity.
- Experience in any top Actuarial consulting firm would be added advantage.
Application Closing Date
10th November, 2017.
How to Apply
Interested and qualified candidates should send their applications to:
[email protected] stating the role applied for as the subject of the email.