A composite Insurance company with its head office located in Lagos, Nigeria, is recruiting to fill the position below:
Job Title: Head, Actuarial Unit
Location: Lagos
Level: Manager
Responsibilities
The Head of the Actuarial Unit will oversee the effective running of the unit and will be required to evaluate and provide advice on the following:
- Conduct actuarial valuation on a regular basis for the company.
- Assess the company's actuarial and financial risks.
- Evaluate the company's investment policies and the valuation of assets.
- Determine the company's solvency position, including a calculation of the minimum capital required for regulatory purposes and liability and loss position.
- Analyze the company's prospective solvency position.
- Implement risk assessments and management policies and controls relevant to actualize matters or the financial condition of the company.
- Evaluate underwriting policies.
- Review reinsurance arrangements.
- Assist in product development and design, including the terms and conditions of insurance contracts.
- Perform scenario and sensitivity testing.
- Ensure the adequate use of data used in the calculation of technical provisions.
- Work on risk modeling and use of internal models, where applicable.
- Play a pivotal role in the implementation of IFRS 17.
- Fulfill any other requirement as may become necessary.
Requirements
- Educational Qualifications: Minimum academic qualification of B.Sc in Actuarial Science or other related courses.
- Professional Qualifications: Evidence of completion of requisite professional qualification and/or evidence of progress in pursuit of the relevant professional qualification.
- Years of Cognate Experience: Minimum of five years in the Actuarial Department of a composite insurance company/actuarial firms.
- Age: Not older than 45 years of age.
Application Closing Date
15th November, 2023.
Method of Application
Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the mail.
Note: Only shortlisted candidates will be contacted.
https://www.hotnigerianjobs.com/hotjobs/568953/head-actuarial-unit-at-a-composite-insurance-compa.html