Actuarial Analyst at Apollo Life Assurance - APA Insurance

KEY PRIMARY RESPONSIBILITIES

• Pricing of medical insurance contracts/schemes and tenders to ensure competitiveness and business profitability
• Work with the internal business development team in Product development, review existing products' performance and features, and advise management on appropriate changes to adopt.
• Perform claims experience analyses to monitor client performance. Prepare clients’ claims experience reports detailing the performance status of the contracts/schemes.
• Supporting data analytics and business intelligence analytics in the medical class of business. Conduct cleaning and management of data used in various projects.
• Carry out actual Reserving for claims, premiums and expenses, and other financial projections.
• Carry out reinsurance utilization analyses and provide guidance on the adequacy of reinsurance arrangements
• Developing and maintaining effective actuarial reports of business historical performance with suggested management actions and recommendations.
• Assist the department in identifying, and quantifying risk where appropriate and formulating appropriate risk mitigation measures.
• Conducting research work within the Line of Business, aligning with local and international industry developments.
• Assist in client communication management, including drafting reports, and presentations, actively participating with team members in client meetings
• Participate in cross-departmental team activities to support organizational needs as may be required;
• Supporting the IFRS 17 implementation.

ACADEMIC QUALIFICATIONS

• Bachelor's Degree in Actuarial Science or any other related field. 

JOB SKILLS AND REQUIREMENTS

• Proficiency in analytical software /tools (e.g., R, Python, SAS, Advanced Excel, and SQL)
• Excellent analytical, problem-solving, and critical thinking skills. 
• Strong communication skills, both written and verbal, with the ability to present complex information in a clear and concise manner. 
• Ability to work independently and collaboratively within a team environment. 
• Strong organizational and time management skills, with the ability to manage multiple tasks and meet tight deadlines. 

PROFESSIONAL QUALIFICATIONS

• Good progress with professional examinations - a minimum of 3 professional exams

EXPERIENCE

• At least 2 years of relevant actuarial experience, preferably in the insurance industry.