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AJIRA MPYA TANZANIA 2022 | NAFASI MPYA ZA KAZI 2022
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…
Recommended:
Position:Â 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!
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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
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