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