Actuarial Assistant at APA Life Assurance Company Ltd

Primary Responsibilities

• Assists in the Pricing of insurance contracts/schemes and tenders to ensure competitiveness and business profitability
• Assist in conducting investigations and Providing guidance on adequacy of reinsurance arrangements
• Conduct Research and advice on innovations and industry/international best practices for the business to adopt and implement.
• Assist in analyzing the quality of data held in our databases for gaps and recommend remediation measures.
• Assist in product development and preparing business cases for respective products, for both internal and external stakeholders.
• Assist in granular loss experience analysis and generate management reports on recommended actions.
• Assist in the implementation of IFRS 17 on data requirements and report compilation as directed by the team lead.
• Assist in the Automation of Reserving models using programming software.
• Assist in developing and maintaining effective actuarial reports of business historical performance with suggested management actions and recommendations.
• Support in any ad hoc analysis in the department as directed by team lead.

Academic Qualifications

• Bachelor’s Degree in Actuarial Science, Data Science, Statistics, Computer Science or any other related field.

Job skills and Requirements

• Proficiency in Word, Excel, PowerPoint
• Good programming skills: Oracle BI/Python/R/C++/Power BI
• Good knowledge of regional financial regulatory requirements;
• Strong communication and written skills and proficiency in English;
• Displays high motivation, flexibility, adaptability, initiative, self-drive, and a fast learner.

Experience

• At least 2 years’ experience in actuarial role.
• Good understanding of the insurance industry will be an added advantage