Actuarial Associate at Jubilee Insurance

Job Ref. No. JLIL165

Main Purpose of the Job (Job Summary)

The role provides actuarial modelling and reporting in product development & profit-testing, IFRS17, solvency, risk capital, management and financial reporting, regulatory compliance.

Main Responsibilities

• Actuarial reporting for financial & regulatory compliance: Including actuarial reserving, IFRS17 modelling, Financial Condition Report, Solvency, Risk Based Capital reports
• Product Development: -
  • Pricing, profit-testing, system set-up
  • Development of policy documents for new products
  • Developing illustrations for new products
  • Ongoing profitability monitoring of the product
  • Scenario & sensitivity testing
• Actuarial experience analyses including mortality investigations; persistency; expenses; investment returns; analysis of reserves & surplus
• Value of new business, embedded value & Asset Liability Management valuations
• Projections and Budgeting: Projected actuarial reporting for financial statements & strategic planning
• Actuarial risk technical modelling and use of internal models
• Gives leadership and technical direction to staff under supervision in performing actuarial functional work
• Perform other duties as may be assigned from time to time

Academic Qualifications

• Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field
• Professional actuarial exams (minimum of 7 exams completed)

Key Competencies

• Accountability for results
• Diligence
• Team management
• Actuarial judgement skills

Experience

• Minimum of 3-4 years’ relevant experience, one (1) of which is at a supervisory level