Actuarial Analyst (Re- advertised) at CIC Insurance

PURPOSE:

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;
• 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;
• Prepare monthly data reconciliation report for specific lines of business;
• 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.

PERSON SPECIFICATIONS

Academic Qualifications

• Actuarial Science or Statistics or Mathematics or related field is required

Professional Qualifications

• Certified Actuarial Analyst (CAA)

Experience

• 3 years of relevant experience

Skills and Attributes

• Knowledge of actuarial software in terms of capabilities and output;
• Excellent communication and presentation skills
• Problem solving skills
• Good analytical skills
• Computer literate in MS Office and other office applications