Actuarial Officer (Insurance) at Phillips Outsourcing Limited

Phillips Outsourcing Limited has been in existence for over 16 years. We have a vast experience in the outsourcing business as we currently manage resources for major clients in all sectors of the Nigerian economy. In addition, our prolific manpower cuts across the 36 states in Nigeria. After successfully gaining ground in all the 36 states of the federation, we are gradually spreading our tentacles to other African Nations. We are currently registered to also do business in Ghana. Our framework is developed to fully support the businesses of our clients, ensuring continuous improvement of the outsourced services. This ultimately thrusts our clients to achieve their business objectives.

We are recruiting to fill the position below:

Job Title: Actuarial Officer (Insurance)

Location: Lagos
Employment Type: Full-time

Responsiblities

• To efficiently and effectively manage data for the purpose of actuarial valuation and internal management use
• Responsible for managing and keeping appropriate record of actuarial data on a timely basis
• Responsible for setting valuation assumptions for all respective life products
• Responsible for preparation of periodic valuation of all life products.
• Responsible for frequent validation of Life operations data with various stakeholders for effective use by management
• Responsible for the periodic earned and unearned premium reserve calculation
• Responsible for reconciliation of Life operations data with management report.
• Responsible for the business risk assessment and offering risk mitigation measures
• Building automated models for complex products to minimize possibilities of errors in daily operations • Ensuring that processes are streamlined
• Responsible for tracking recoverable from co underwriters and re-assurers and reconciliation of the data for management reporting.
• Responsible for monitoring and coordinating the unit compliance in line with the stated timelines
• Responsible for reporting on the valuation liability status of the organization on a frequent basis and performance of life operations weekly activities
• MIS Management Information System (Reporting)
• NAICOM Reporting

Requirements

• Minimum of a Bachelor's degree in Actuarial Science or related field.
• Minimum of Three (3) years relevant experience preferably in an insurance company as an actuary analyst or actuarial firm.
• A student member of the Institute and Faculty of Actuaries (IFoA) or Chartered Insurance Institute of Nigeria (CIIN)
• Sound knowledge of Life insurance business, financial modeling.
• Excellent knowledge of MS office is essential for this role.
• FIRS Reporting Standards
• Establishing Focus Stress Management
• Analytical Thinking, Written Communication, Personal Credibility
• Initiative, Verbal Communication, and Flexibility, Planning and Organizing, Result Oriented, Fostering Teamwork, Thoroughness, Problem Solving.

Application Closing Date
17th July, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the job title as the subject of the mail.