Actuarial Officer at a Top Insurance Firm

Posted on Thu 02nd Nov, 2017 - hotnigerianjobs.com --- (0 comments)

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.

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