• Application Deadline: Tue, 2 Jul 2024 00:00:00 GMT
• Position: Actuarial officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 2 - 4 years


• Location Lagos


• Job Field Insurance 
  

JOB SUMMARY

To efficiently and effectively manage data for the purpose of actuarial valuation and internal management use

REQUIREMENT

• 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

RESPONSIBILITIES

• 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