Job Summary

The role holder will be responsible for providing actuarial support to the general insurance business and participating in overall risk management for the company.

Key Responsibilities

• Actuarial valuations: Assist in the accurate calculation & monitoring of technical reserves using appropriate actuarial methodology and assumptions for financial reporting, regulatory reporting and group reporting.
• Perform calculations in relation to Asset Liability Matching (ALM), economic capital and solvency assessment of the Company that is used as input for risk management.
• Product development: Assist in the design, pricing and set-up of products in the administration system and ensuring the relevant actuarial product signoffs are obtained. Subsequent follow up on regulatory approval on all products
• Conduct experience analyses for the purpose of valuations, product development, risk management and management information.
• Regulatory compliance: Ensure regulatory actuarial reports for both quarterly and annual reporting are prepared and submitted.
• Assist the business in implementing regulatory guidelines that touch on actuarial issues including regulatory reporting
• Project involvement for running projects that may require actuarial input.
• Perform analysis on industry and market trends to inform decision making.
• IFRS 17 support: Work closely with the IFRS 17 lead and assist with dry runs and modelling.
• Embrace governance requirements with respect to KYC/AML/Data protection requirements per governing Acts.

Qualifications

• BSc. Actuarial Science, Statistics, Mathematics or related qualifications
• Progress in Institute and Faculty of Actuaries UK examinations (at least 2 papers) or equivalent

Experience

• Minimum of 1-year relevant experience

Competencies

• Strong Interpersonal skills
• Knowledge of insurance industry
• Knowledge of reinsurance arrangements and structures
• Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)
• Report writing skills
• Data Manipulation, Data Wrangling and Data Checking Skills
• Team Player
• Business acumen
• Ability to prioritize tasks and manage time efficiently
• Presenting and communicating information
• Adhering to principles and values