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Closing: Jan 30, 2023

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Published: Jan 4, 2023 (27 days ago)

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Job Summary

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Purpose of the job

Provide support for evaluating complex risks and assess the possibility and potential financial consequences of risks among licensed insurance players in accordance with the Insurance Act

Qualifications

At least a Bachelor's (Honours) Degree in Actuarial Science, Mathematics, Statistics, Economics, Accounting, Computer Science or its equivalent from a reputable higher institution of learning.

Competencies and Knowledge

1. Practical actuarial valuation and pricing skills.

2. Personal presentation

3. Analytical skills

4. Communication skills

5. Interpersonal skills

How to apply

Interested candidates who meet the above criteria should submit their applications together with copies of detailed up-to-date CVs and at least three referees.

Responsibilities

Purpose of the job

Provide support for evaluating complex risks and assess the possibility and potential financial consequences of risks among licensed insurance players in accordance with the Insurance Act

Qualifications

At least a Bachelor's (Honours) Degree in Actuarial Science, Mathematics, Statistics, Economics, Accounting, Computer Science or its equivalent from a reputable higher institution of learning.

Competencies and Knowledge

1. Practical actuarial valuation and pricing skills.

2. Personal presentation

3. Analytical skills

4. Communication skills

5. Interpersonal skills

How to apply

Interested candidates who meet the above criteria should submit their applications together with copies of detailed up-to-date CVs and at least three referees.

1. Participate in activities aimed at implementation of Risk Based Supervision.

2. Update actuarial models at the Authority.

3. Verify estimates for technical provisions for insurance Companies.

4. Monitor insurance companies investments to ensure they are compliant with the standing Investment Guidelines.

5. Review Actuarial valuation reports a and liaise with Consultants and Actuaries, on actuarial matters including products, valuations, and critical business statistics required.

6. Monitor insurance companies compliance with the provisions of the Act in aspects such as capital adequacy/solvency, investment etc.

7. Review new/modified insurance products, accompanying premium rates, Commission rates. 8. Participate in actuarial surveys/research.

8. Carry out any other duties assigned from time to time.


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