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Published: Apr 17, 2024 (2 months ago)

Job Requirements

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Job Summary

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Requirements
  • Minimum of a Bachelor's degree in Actuarial Science or related field.
  • Minimum of Three (3) years relevant experience preferably in an insurance company as an actuary analyst or actuarial firm.
  • A student member of the Institute and Faculty of Actuaries (IFoA) or Chartered Insurance Institute of Nigeria (CIIN)
  • Sound knowledge of Life insurance business, financial modeling.
  • Excellent knowledge of MS office is essential for this role.
  • FIRS Reporting Standards
  • Establishing Focus Stress Management
  • Analytical Thinking, Written Communication, Personal Credibility
  • Initiative, Verbal Communication, and Flexibility, Planning and Organizing, Result Oriented, Fostering Teamwork, Thoroughness, Problem Solving.


Responsibilities
Requirements
  • Minimum of a Bachelor's degree in Actuarial Science or related field.
  • Minimum of Three (3) years relevant experience preferably in an insurance company as an actuary analyst or actuarial firm.
  • A student member of the Institute and Faculty of Actuaries (IFoA) or Chartered Insurance Institute of Nigeria (CIIN)
  • Sound knowledge of Life insurance business, financial modeling.
  • Excellent knowledge of MS office is essential for this role.
  • FIRS Reporting Standards
  • Establishing Focus Stress Management
  • Analytical Thinking, Written Communication, Personal Credibility
  • Initiative, Verbal Communication, and Flexibility, Planning and Organizing, Result Oriented, Fostering Teamwork, Thoroughness, Problem Solving.


Responsiblities

  • To efficiently and effectively manage data for the purpose of actuarial valuation and internal management use
  • Responsible for managing and keeping appropriate record of actuarial data on a timely basis
  • Responsible for setting valuation assumptions for all respective life products
  • Responsible for preparation of periodic valuation of all life products.
  • Responsible for frequent validation of Life operations data with various stakeholders for effective use by management
  • Responsible for the periodic earned and unearned premium reserve calculation
  • Responsible for reconciliation of Life operations data with management report.
  • Responsible for the business risk assessment and offering risk mitigation measures
  • Building automated models for complex products to minimize possibilities of errors in daily operations • Ensuring that processes are streamlined
  • Responsible for tracking recoverable from co underwriters and re-assurers and reconciliation of the data for management reporting.
  • Responsible for monitoring and coordinating the unit compliance in line with the stated timelines
  • Responsible for reporting on the valuation liability status of the organization on a frequent basis and performance of life operations weekly activities
  • MIS: Management Information System (Reporting)
  • NAICOM Reporting

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