Actuarial Senior Team Leader at APA Life Assurance Company Ltd

Summary

APA Insurance is currently seeking to recruit a suitable and qualified candidate for the following position: Actuarial Senior Team Leader – APA Insurance.

Key Primary Responsibilities 

• Product development which involves conducting research, developing pricing models, profit testing and other actuarial modelling/testing 
• Reviewing pricing of insurance contracts/products and development of pricing calculators 
• Reviewing product performance after selling which involves assessing sales volumes, claims experience, expenses and distribution set up 
• Validating data and performing actuarial valuation which involves setting up valuation models and estimation of actuarial liabilities (UPR, OCR, IBNR, IBNER, DAC, UARR, ULAE etc); 
• Compute the Risk Based Capital on a monthly basis and advise management accordingly 
• Preparation/review of the annual Liabilities Valuation & Financial condition report as per the IRA guidelines 
• Compliance with IRA guidelines on actuarial function and quarterly reporting including AvE 
• Liaising with external actuaries and providing them with information, documents and records needed to execute their work in a timely manner 
• Support in the preparation of monthly management reports 
• To offer support in the preparation of annual financial statements 
• Support in preparation of board papers, annual budgets and other strategic plans 
• Technical Lead in the adoption of IFRS 17 to the full implementation 

Academic Qualifications 

• Bachelor’s degree in Actuarial Science or an equivalent 

Job Skills And Requirements 

• Advanced knowledge of MS Excel and other Actuarial relevant tools 
• Analytical and highly innovative 
• Presentation skills 
• Communication and interpersonal skills 
• Team player and high organization skills 
• Demonstrable high knowledge in IFRS 17 

Professional Qualifications 

• At least 7 Actuarial professional examinations 
• Member of a relevant professional body 

Experience 

• At least 5 years’ relevant experience