cicgroup
WebsiteACTUARIAL ANALYST
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.
- 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:
- BSc. Actuarial Science or Statistics or Mathematics or related field is required.
- At least 6 actuarial professional papers passed. Experience Required:
- 3 years of relevant experience
