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Closing: Jan 30, 2023

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Published: Jan 4, 2023 (26 days ago)

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Job Summary

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PURPOSE

Provide support in coordination, monitoring and evaluation of the level of risk within IRA and in the Insurance Sector.

Qualifications

1. At least a Bachelor's (Honours) Degree in Actuarial Science, Mathematics, Statistics or its equivalent from a recognised University/Higher Institution of Learning.


Responsibilities

PURPOSE

Provide support in coordination, monitoring and evaluation of the level of risk within IRA and in the Insurance Sector.

Qualifications

1. At least a Bachelor's (Honours) Degree in Actuarial Science, Mathematics, Statistics or its equivalent from a recognised University/Higher Institution of Learning.


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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