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Job Purpose and Key responsibilities
Job purpose
The
role holder is responsible for assisting in the day to day running of
the Actuarial unit by performing data checks and analysis; experience
investigations, business projections and valuation of technical
liabilities for the assigned business unit.
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Key responsibilities
- Coordinate with the assigned business units in the preparation of valuation data.
- Timely
calculation and reporting of accurate insurance technical liabilities
provided for monthly financial reporting as well as carrying out Reserve
Adequacy Tests. This includes preparation of reports on valuation
results. - Timely calculation of solvency on monthly basis.
- Carry
out experience investigations as directed e.g. on expenses, product
portfolio experience, intermediary loss ratio reports, etc. - Participate
in product development as and when required including modelling, profit
and sensitivity testing. Assist in product pricing and setup in the
actuarial pricing and valuation system. - Carry out business
projections for the annual business planning exercise, strategy reviews
and for capital management / Solvency purposes as well as Stress and
Scenario testing on the projections. - Ensuring compliance to regulatory requirements.
- Deliver on performance requirements as defined in the departments’ strategy map, balanced scorecard and Personal Scorecard.
- Perform any other duties as may be assigned from time to time.
Key Performance Measures:
STRATEGIC PERSPECTIVE KPI’S
INITIATIVES PERSPECTIVE KPI’S
OPERATIONAL PERSPECTIVE KPI’S
N/B: Refer to annual Personal Score Card (PSC) for further details.
Working Relationships:
Internal Relationships;
- Required to liaise and work closely with all Britam staff
External Relationships;
- Statutory bodies
- External Consultants/Auditors
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Knowledge, experience and qualifications required
Knowledge, experience and qualifications required
- Bachelor’s degree in actuarial sciences, statistics or any mathematics related field.
- Passed a minimum of 2 Professional Actuarial Examinations.
- 0-2 years’ experience in a similar position
- Strong computer and business solutions software skills.
- Strong analytical and problem solving skills.
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Primary Location: Tanzania, United Republic of-Mtwara-Mtwara
Organization: International Insurance Business
Job Type: Permanent
Shift: Day Job
Contract Type: Full-time
Job Posting: 19-08-2022
Unposting Date: 02-09-2022
Number of Openings: 1
Thanks for reading New Job Opportunity at Britam Insurance Tanzania – Actuarial Associate