Actuarial Analyst at CIC Insurance

Job Description

PURPOSE:

The Actuarial Analyst is responsible for performing financial analysis on actuarial liabilities, claims experience, pricing, solvency and capital requirements as well as suitability of reinsurance arrangements.

PRIMARY RESPONSIBILITIES:

Run, adjust and make assumptions on valuation models of claims and premium liabilities on specific lines of business;
Monitor adequacy of reserves;
Prepare draft reports e.g. valuation, claims experience, solvency, capital;
Monitor and investigate claims experience and provide insights on products for specific lines of business;
Review pricing, check adequacy of premiums and provide recommendation for the specific lines of business;
Monitor solvency position and capital requirements for the subsidiary;
Monitor investment performance and prepare quarterly reports;
Perform asset liability matching position for the business;
Prepare monthly data reconciliation report for specific lines of business;
Support in IFRS 17 financial reporting;
Review and recommend suitability of reinsurance arrangements for specific lines of business and;
Review and analyze data from AKI/IRA for use in quarterly industry analysis report for specific lines of business;
Provide support in special projects of the company;
Provide actuarial support in the Micro Insurance Company.

Academic and Professional Requirements

Education

BSc. Actuarial Science or Statistics or Mathematics or related field is required.
Professional Qualification At least 6 actuarial professional papers passed. E

Experience Required:

3 years Relevant experience