Actuarial Officer(Insurance Industry) at Phillips Consulting

Responsiblities

• To efficiently and effectively manage data for the purpose of actuarial valuation and internal management use
• Responsible for managing and keeping appropriate record of actuarial data on a timely basis
• Responsible for setting valuation assumptions for all respective life products
• Responsible for preparation of periodic valuation of all life products.
• Responsible for frequent validation of Life operations data with various stakeholders for effective use by management
• Responsible for the periodic earned and unearned premium reserve calculation
• Responsible for reconciliation of Life operations data with management report.
• Responsible for the business risk assessment and offering risk mitigation measures
• Building automated models for complex products to minimize possibilities of errors in daily operations • Ensuring that processes are streamlined
• Responsible for tracking recoverable from co underwriters and re-assurers and reconciliation of the data for management reporting.
• Responsible for monitoring and coordinating the unit compliance in line with the stated timelines
• Responsible for reporting on the valuation liability status of the organization on a frequent basis and performance of life operations weekly activities
• MIS: Management Information System (Reporting)
• NAICOM Reporting

Requirements

• Minimum of a Bachelor's degree in Actuarial Science or related field.
• Minimum of Three (3) years relevant experience preferably in an insurance company as an actuary analyst or actuarial firm.
• A student member of the Institute and Faculty of Actuaries (IFoA) or Chartered Insurance Institute of Nigeria (CIIN)
• Sound knowledge of Life insurance business, financial modeling.
• Excellent knowledge of MS office is essential for this role.
• FIRS Reporting Standards
• Establishing Focus Stress Management
• Analytical Thinking, Written Communication, Personal Credibility
• Initiative, Verbal Communication, and Flexibility, Planning and Organizing, Result Oriented, Fostering Teamwork, Thoroughness, Problem Solving.