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New Job Vacancy at UAP Insurance Tanzania – Intermediate Actuarial Specialist (OMAO)

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Tanzania Jobs Portal - Career
UAP Old Mutual Group

Jobs in Tanzania 2022: New Jobs Vacancies at UAP Old Mutual Group 2022

New Job Vacancies UAP Old Mutual Group 2022, Ajira Mpya Tanzania, Nafasi Za Kazi, Jobs In Tanzania

UAP Insurance Tanzania is a member of the UAP Old Mutual Group
in East Africa, which is a subsidiary of Old Mutual Limited (OML). UAP
Insurance has been in operations in Tanzania since 2013 following the
acquisition of the majority stake in Century Insurance Company.
We
are proud of our contribution in the growth of the Insurance Industry
and our commitment is to enable our customers achieve their financial
goals through the provision of innovative insurance solutions.

UAP
Insurance Tanzania contributes to the communities that we operate in
through CSR activities in education, health and social welfare and
participates in industry initiatives aimed at improving financial
literacy and inclusiveness in the country.
The Company operates a
large footprint in the country with offices in all major cities and now
wishes to recruit a high caliber individual to fill the following position below…
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Intermediate Actuarial Specialist (OMAO)
Position: Intermediate Actuarial Specialist (OMAO)
locations
Dar Es Salaam
time type Full time
job requisition id JR-18154
Your time is now to be your exceptional best at Old Mutual!
Recommended:
PAST PAPERS ZA DARASA LA 7 MPAKA FORM SIX | NECTA AND MOCK EXAMS 1988 – 2019. CLICK HERE!

Job Description
The
incumbent will be responsible for:- proactively carrying out technical
actuarial work, often using complex systems and packages. The incumbent
has responsibility for specific deliveries and is individually
accountable for achieving results through own efforts
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Provide the following services to UAP Insurance Tanzania (UAPTZ) by working through the Group Actuarial Team:

  • Technical
    Actuarial Support: Conduct and/or review internal actuarial liability
    valuations for UAPTZ, analysis of profitability/surplus
  • Aggregation of Results: Collate, review and interpret actuarial results for UAP Insurance Tanzania
  • Undertake
    and review: Pricing, profitability, experience analysis, and other
    relevant actuarial investigations for relevant insurance BUs to inform
    business decisions.
  • Product/Services Development, Pricing and
    Management: provide technical input in product development exercises,
    product lifecycle management and monitoring, existing products
    assessments and reviews, new products pricing and review of premium
    rates for existing products for the company
  • Risk Management
    Support: assist BUs/Risk Department in identifying, quantifying risk
    (insurance, market, credit risks etc.) where appropriate and formulating
    appropriate risk mitigation measures for UAPTZ and having an enterprise
    wide view
  • Solvency and Capital management: Carry out solvency
    computation for UAPTZ on the current regulatory capital regime and
    proposed risk-based capital basis including solvency stress tests.
  • Investment
    Strategy Support: assist in developing/formulating appropriate
    investment strategies and/or review of, and monitoring of investment
    strategies for the company
  • Strategy and Business Planning
    Support: assist with business planning financial projections, strategy
    development and review, market and competitor analysis, internal
    business/financial analysis and make proposals on the company’s medium
    to long term strategic plans
  • Experience Monitoring: Conduct
    claims experience analysis, expense investigations, persistency/business
    retention studies, and other relevant actuarial investigations for the
    company to inform business decisions and to assist in actuarial work
  • Reinsurance and Underwriting Support:
  • Develop/assist
    with review of appropriateness, adequacy and cost efficiency of
    reinsurance and underwriting arrangements in place and/or formulating
    the same for the company
  • Collating treaty reinsurance statistics and participating in the treaty renewal negotiation
  • Recovering excess of loss claims from reinsurance on timely basis as the loss are admitted
  • Monthly review of the premium and claims registers for accuracy and completeness of the premiums ceded and claims recoveries
  • Preparing proportional treaty statements for reinsurance on quarterly basis
  • Preparing claim triangulation reports
  • Documenting cash calls for settlement by reinsurers
  • Preparing profit commission and excess of loss adjustment statements
  • Documentation:
    Preparation of the required actuarial and other reports to the
    management, Boards and regulators especially Annual Valuation and
    Financial Condition Reports and Quarterly Solvency Statements to the
    regulator, Board and Management
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NEW TANZANIAN JOBS, INTERNSHIPS AND VOLUNTEERING OPPORTUNITIES 2022 (1,319 POSTS)

Skills
Education

  • Bachelor Of Accounting Sciences: Actuarial Science (Required)

Closing Date 21 January 2022

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Job Opportunity at Old Mutual/UAP Insurance, Commissions Receivable Officer – NAFASI ZA KAZI

New Job Opportunity at UAP Insurance Tanzania – Commissions Receivable Officer