Actuarial Supervisor at Jubilee Insurance

Job Ref. No. JLIL090

Role Purpose

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

Key Competencies

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

Qualifications

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or any other related field.
• Master’s degree will be an added advantage.
• Professional Actuarial Papers (Minimum of 7 exams)

Relevant Experience

• A minimum of 3 years’ experience, 1 in a supervisory role.
• IFRS17 implementation experience/ technical aptitude