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About Fuzu

Careers at Fuzu

Actuary Personnel

Phillips Outsourcing Services Nigeria Limited

Lagos,Nigeria

Closing: Jul 5, 2024

3 months remaining

Published: Apr 17, 2024 (2 days ago)

Job Requirements

Education:

Work experience:

Language skills:

Job Summary

Contract Type:

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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