Actuarial Analyst
Actuarial Analyst
Exact Manpower Consulting Ltd
Reporting Structure
Report To:
Actuarial Officer
Interact:
Employees, Management & Clients
Job Requirements
Education:
Job Level:
Intermidiate Level
Gender:
Both
Experience:
3 Years
Ability and Skills:
Work under pressure
Culture:
Multiculture
Knowledge:
Organisation Skills , communication , problem-solving , Insurance
Personality:
Attention to details
Languages:
Main Duties
Description
- We are seeking a skilled and detail-oriented Actuarial Analyst to join our team. As an Actuarial Analyst, you will be responsible for analyzing statistical data and assessing risks to support our company's strategic decision-making process.
- You will work closely with other members of the actuarial team and various departments within the organization to provide accurate and insightful analysis.
Key responsibilities include:
- Data Analysis: Collect, organize, analyze large datasets to identify trends and patterns relevant to insurance and financial risk management.
- Monthly calculations: Perform monthly calculation of the technical reserves using appropriate actuarial methodology
- Assist in carrying out Pricing, Profit and Sensitivity testing for new or repackaged products
- Risk Assessment: Evaluate risks associated with insurance policies, investments, and other financial products, review and monitor experience of products to inform decision making.
- Financial Modelling: Develop and maintain actuarial models to assess the financial impact of various scenarios, including pricing, reserving, and forecasting.
- Report Generation: Validate data inputs, prepare clear and concise reports summarizing findings, including recommendations for risk mitigation strategies and pricing adjustments.
- Regulatory Compliance: Ensure compliance with regulatory requirements by staying updated on industry standards and effectively communicating findings to stakeholders.
- Collaboration: Work collaboratively with cross-functional teams, including underwriting and finance, in preparation of valuation data, support business objectives and strategic initiatives.
- Continuous Improvement: Identify opportunities to enhance processes and methodologies to improve efficiency and accuracy in actuarial analysis.
- Support with the implementation and ongoing activities related to the IFRS 17 reporting and final account statements.
Other Requirements
Qualifications and Experience Required:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Over 3 years' experience in Insurance Operations with at least 1 year of Actuarial experience in Life Insurance.
- A minimum of 2 completed Professional Actuarial examinations; candidate should have a clear roadmap with timelines to achieve Actuarial Qualifications
- Strong analytical skills with the ability to interpret complex data and communicate findings effectively to both technical and non-technical audiences with high degree of accuracy
- Solid understanding of Insurance principles and practices in Tanzania, actuarial principles, insurance products, and financial concepts.
- Excellent problem-solving skills and attention to detail, with the ability to work independently and meet deadlines in a fast-paced environment.
- Strong interpersonal skills with the ability to collaborate effectively in a team-oriented setting.
Location :
Tanzania:
Dar es Salaam
Dar Es Salaam
Industry :Insurance
Company : Exact Manpower Consulting Ltd
