• Application Deadline:
• Position: Head, Actuarial Services



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 10 years



• Location Lagos




• Job Field Data, Business Analysis and AI 
  
  

Job Description

• The Head of Actuarial Services is a senior leadership role responsible for providing strategic direction and oversight of all actuarial activities.


• This includes leading pricing, reserving, and risk management functions to ensure the company’s financial soundness and regulatory compliance.


• The role demands strong analytical capabilities, industry expertise, and a forward-thinking approach to optimize profitability and manage risk in a dynamic market environment.

Responsibilities

• Develop and implement actuarial strategies to support the company’s financial and business objectives.


• Lead the pricing of insurance products, ensuring competitiveness while maintaining profitability.


• Oversee the valuation of insurance reserves and ensure compliance with regulatory requirements.


• Provide actuarial insights to support strategic decision-making, including risk assessment, capital management, and investment planning.


• Collaborate with underwriting and product development teams to design innovative insurance solutions.


• Develop and maintain robust actuarial models, ensuring accuracy and alignment with industry standards.


• Prepare detailed actuarial reports and communicate key findings to senior management and the board.


• Monitor and manage risk exposures, implementing measures to mitigate financial risks effectively.


• Stay updated on industry trends, regulations, and advancements in actuarial practices.


• Mentor and develop a high-performing actuarial team, fostering a culture of excellence and innovation.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.


• Fellowship or Associate membership in a recognized actuarial professional body (e.g., SOA, CAS, or IFoA).


• Minimum of 10 years of actuarial experience, with at least 5 years in a senior leadership role within the insurance industry.


• Proven expertise in pricing, reserving, risk management, and financial modeling.


• Strong knowledge of regulatory frameworks and compliance requirements in the insurance industry.


• Exceptional analytical, problem-solving, and decision-making skills.


• Excellent communication and presentation abilities, with experience engaging with executive leadership and regulatory bodies.


• Demonstrated ability to lead and inspire teams in a fast-paced, results-driven environment.