Reeds Africa consult (RAC) offers a broad scale of Human resource services designed to provide professional supports for the growing needs of today’s corporate organizations

Job Summary:

Our client is looking for An ASSISTANT MANAGER – ACTUARIAL SERVICES who will be responsible for providing actuarial services: Evaluating and providing advice regarding technical provisions, premium pricing, and compliance with related statutory and regulatory requirements by ensuring the company’s technical functions are carried out in a prudent and transparent manner.

Key Responsibilities

Customer perspective

• Product development and design, including analysis of terms and conditions of insurance contracts.

Financial Perspective

• Preparation of data to be used in the calculation of technical provisions, ensuring sufficiency and quality monthly.
• Determine and monitor the level of profitability and performance of products including scenario and sensitivity testing quarterly.
• Asset liability modeling and matching to enable the company to come up with optimal investment strategies.

Processes perspective

• Facilitate and liaise with the appointed actuary, the IRA, and external auditors on exercises and issues relating to the life fund including the Deposit Administration fund.
• Evaluate and provide advice on the company’s actuarial and financial risks.
• Evaluate and provide advice on the current and prospective solvency position of the company.
• Evaluate underwriting policies and reinsurance arrangements.

People perspective

• Participation in the facilitation of BSC and JD and ensuring the BSC is signed off on target in consultation with the supervisor.

Key Requirements & Skills

• Bachelor of Science (Actuarial Studies) Completed at least 6 professional core actuarial papers (Fellowship Exams 2019)
• 5 years’ experience of relevant work experience