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Alfred & Victoria Associates is one of Nigeria’s leading ICT solution based company. Our company offers a wide range of services which are in high demand of today’s emerging market.
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Job Summary
- The Team Lead for Life actuarial will work with the Head of Actuarial Services within the business to ensure the business gets relevant actuarial input. The role will support and ensure that Life actuarial work done is methodically and accurately
Key Responsibilities
Management / Communication:
- Manage Life Actuarial relationships directly with external parties such as, but not limited to, Organization Group entities, actuarial consultants and the company’s auditors.
- Ensuring that all necessary policies and procedure documentation is in place and regularly reviewed.
- Participates in cross-functional teams to develop new and enhanced systems, processes, programs, and policies to support business needs.
- Manage, coach and develop Life Actuarial Analysts so that they can meet their job accountabilities.
Pricing, Reserving & Product Development:
- Ascertains premium rates and cash revenues to ensure payment of future benefits for the portfolio.
- Assists in product development activities and ensure timely and accurate actuarial support on product development related programs and initiatives.
- Determining and agreeing with the Head, Actuarial Services on liabilities on a monthly basis including sensitivity analysis.
- Updates and reviews pricing and rating models and assumptions
Monitoring / Experience Analysis:
- Handles the development and preparation of KPIs and claims and premium trend analysis for the portfolio.
- Handles analysis of data and provides analytical summaries to arrive at recommendation to improve pricing strategies.
- Prepares and analyzes trends, profitability and experience studies.
- Applies knowledge of mathematics, probability, statistics, principles of finance and business to problems in insurance.
Academic / Professional Qualifications
- Bachelor's Degree from a reputable tertiary institution in Actuarial Science, Mathematics, Engineering, Physics, Finance, Economics or related disciplines.
- 3-5 Actuarial exams and must include CM1 or SoA equivalent
Work Experience:
- At least 3 years’ experience and with track record in conducting actuarial and data analysis
Required Skills & Competencies:
- Advanced knowledge of Microsoft Excel.
- VBA, SAS & R programming will be an added advantage.
- Overall knowledge of general management principles and processes sufficient to professionally handle the sub-department.
- A detailed knowledge of the deliverables of all sub-departmental work including in-depth knowledge of departmental processes and procedures
- A developed understanding of all system-produced reports applicable to the sub-departmental work
- Excellent communication and presentation skills in both written and verbal context.
- Team oriented - ability to collaborate and build relationships.
- Ability to plan and prioritize work towards the achievement of personal and corporate objectives.
- Ability to value, promote and act with integrity.
- Excellent organizational skills with strong attention to detail and ability to drive results.
Salary
Very Attractive.
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Job Profile
- To support the implementation and strengthening of the company’s L&S risk management framework and policies
- To support a consistent framework to systematically identify, monitor and manage the most significant L&S risks
- To support daily processes and activities that alert management about new issues and risks evolution.
Key Responsibilities
Develop models that estimates:
- Technical Reserves for products, ensuring that all cashflows are accurately modelled (Gross and Net)
- Cash flow for pricing and profit testing of New and Revamped L&S products o Stress test scenarios in line with company’s assumptions
- Economic Capital Ratio (ECR)
- Computations of New Business Values (NBV), APE and Embedded Values (In-force)
Report:
- Prepare the Flash Reserve Report Executive Summary and the full Flash Reserve Report to be presented to EXCOM and for onward delivery to the AMIH L&S team at Half-Year (HY).
- Effectively monitor the Product Approval Process (PAP), confirming product compliance to companys L&S UW guidelines and PAP Policy
- Annually update the L&S Maturity Model for onward delivery to the regional L&S team
- Provide second opinion on liability cashflows for the Asset Liability Management (ALM) exercise
- Implement, quantify and review of assumption changes and model updates
- Work closely with Actuarial Services and Financial Reporting Units on Reserves
- Perform Insurance risks mapping and indicators’ monitoring
- Analyse, review, and prepare reports of exposures on L&S Risks to Management and Board
- Provide second opinion of the efficiency and completeness of the underwriting and reinsurance programs of the company’s (FAC and treaties)
- Provide second opinion on actuarial liabilities and on the reinsurance structure of the organization, challenge and justify of the choice to AXA Group
- Provide second opinion on Catastrophic risks where applicable
- Develop policies and partner with the of the 1st line of defense to implement better controls
- Provide second opinion on Portfolio Reviews (New Business/Renewals/Referrals)
- Develop policies and partner with the of the 1st line of defense to implement better controls
- Provide second opinion on Portfolio Reviews (New Business/Renewals/Referrals)
- Analyse, classify risks (frequency / potential severity) and measure financial impact of risk on the company
- Perform experience analysis on the L&S portfolio to provide opinion on pricing and reserving assumptions as well as for other actuarial exercises
Academic / Professional Qualification
- Preferred: Bachelor’s in Mathematics, Engineering or any other related numerate discipline
- Preferred: At least 6 actuarial exams passed and willing to go all the way to become FSA/FIA/CERA/CAA
Work Experience:
- Advanced understanding of insurance, risk management and mitigation control, finance Work experience: 6+ years of applicable experience, preferably in financial services (at least 3 out of the 5 years must be in Insurance underwriting, claims, finance or actuarial functions)
Required Skills & Competencies:
- Preferred: Sound knowledge of Product development, pricing, reserving, liability expertise, asset-liability, or financial modeling experience.
- Good knowledge of insurance products offerings (development, dependencies, features etc.) financial markets and instrument valuation.
- Office suite: Excel (VBA), Access, PowerPoint
- Use of programming language, R, will be an added advantage.
- Analytical and research orientation with an ability to focus on large amounts of data.
Salary
Very Attractive.
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Job Profile
- To ensure the implementation and strengthening of the company’s P&C, and Health risk management framework and policies in line with Regulatory & applicable to the company’s standards
- To develop and implement consistent techniques and framework to systematically identify, assess, monitor, manage and report the most significant Property & Casualty and Health Insurance risks
- To support the CRO in daily processes and activities that alert management about new issues and risks evolution
Key Responsibilities
- Ensure compliance to Company, Regulatory, Organization Standards, Solvency II etc., policies, framework, and guidelines for risk management
- Ensure compliance to annual maturity targets and year-end updates of risk management scope, with particular focus on P&C and Health maturity models for onward delivery to the Regional risk management
- Develop monitor and provide reporting on risk appetite statements and limits (particular focus on P&C and Health Insurance)
- Escalate alerts and risk evolution to direct report and management.
- Ensure appropriate level of quantification, review of assumption changes, updates and validation or model with CRO and Regional risk management as applicable
- Ensure Insurance risks mapping, and indicators are developed and implemented
- Develop techniques and methodology to enhance expert second opinion on efficiency of actuarial reserves, underwriting, pricing etc.
- Provide second opinion on suitable investment strategy for new products – PAP (Product Approval Process) related work
- Provide second opinion and challenge Portfolio Reviews (New Business/Renewals/Referrals)
- Provide second opinion of the efficiency and completeness of the underwriting and reinsurance programs of the Organization (FAC and treaties)
- Support and provide second opinion on Catastrophic and Atypical losses, Capital Management etc.
- Ensure the regulatory accomplishment of risk management requirements
- Collaborate with first line to develop and implement policies and better internal controls for risk management
- Monitor policies above the Gross Underwriting Limits (GUL) for referrals.
- Oversee risk management framework for Product Approval Process (PAP), provide second opinion on products development (new and reviews), pricing, renewal, Volume risk, anti-selection, confirm product compliance to the Company’s UW guidelines and PAP Policy
- Provide strategic direction and leadership for the business development teams
- Demonstrate strong management and leadership skills, with emphasis on enabling the development of team members and encourage ownership and responsibility for their individual tasks.
- Effectively manage assigned teams for optimal productivity ensuring team development, performance levels and well being
- Participate in Risk Committees or other required Committees
- Understand and facilitate the human capacity and technical development needs of the Insurance Risk team
- Work closely and collectively with functional units to support management in ensuring their risks are identified, assessed, reported and managed
- Drive a sound risk culture, promoting open discussion within the business, debate and challenge across functional units. Independent peer review as a norm with regard to critical reports and decisions as well as proactive management of live/active risks and issues.
- Support the CRO in the execution of special projects relevant to Risk Management
- Support the CRO, Local Audit, Risk and Compliance Committee on key risk reporting as well as risk related matters, both technically and logistically
- Support the CRO in managing the day-to-day activities/operations of the risk management teams
Academic / Professional Qualification:
- Relevant First Degree in Statistics, Actuarial Science, Economics or Business Administration with professional English level.
- Associate Actuary, passed significant number of actuarial examinations and willing to become FSA/FIA/CERA
Work Experience:
- 7 - 10 years of applicable experience in the insurance or financial sector will be an added advantage
Required Skills & Competencies:
- Specialized and advanced math knowledge – Calculus, Statistics etc.
- Good knowledge and practical experience of financial theory, valuation, projection, actuarial modeling, actuarial control cycle, insurance products offerings (development, dependencies, features etc.), financial markets and instrument valuation
- Expert user of Office suite: Excel, Access, PowerPoint e.t.c
- Knowledge and use of programming language - VBA, R and SQL
- Relationship management and interpersonal collaboration, negotiation, and influence
- Strategic insight and integration
- Result oriented and solutions mindset
- Strong verbal and written communication skills and good presentation skills.
Remuneration
Very Attractive.
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Job Profile
- A Digital Marketing Officer is responsible for helping maintain a brand by working on marketing campaigns.
- Their duties include performing market research, Running day to day marketing activities: executing campaigns, following up on Production of merchandising items, managing vendors, strategizing with other marketing professionals and creating content to aid in the success of marketing campaigns.
Key Responsibilities
- Coordinate marketing campaign activities and ensure effective communication of marketing messages.
- Prepare and forward briefs on day-to-day marketing needs (example flyers, posters, social media banners)
- Content development for internal and external marketing communication
- Monitoring and ensuring corporate identity is well implemented: email signatures, call card templates, flags
- Tracking network compliance to corporate identity
- Prepare weekly, monthly and quarterly reports on marketing activities
- Social outreach & content; creating and posting engaging content on company social media handles and community management
- Conduct market research to identify opportunities for promotion and growth
- Assess effectiveness and results of marketing programs such as social media, PR, and advertising against core KPIs (sales, leads, and traffic)
- Adhere strictly to company’s compliance policies and standard business relationship ethics in ensuring all merchandising items are produced according to manufacturer’s guidelines
- Always implement KAIZEN principles
Requirements
- Minimum of B.Sc / HND in a related discipline
- Two (2) to three (3) years relevant work experience in the marketing space
Skills:
- Excellent communication and presentation skills
- Good interpersonal skills
- Ability to multi-tasks and prioritize
- Good knowledge of marketing techniques
- Excellent MS Office Packages
- Creative and innovative
- Good copywriting skills
- Commercial awareness and ability to negotiate.
Remuneration
Very Attractive.
go to method of application »
Job Summary
- We are looking for competent and committed professionals of high integrity to join our winning team.
- A Consultant is responsible for providing industry expertise to corporations and individuals.
- Their duties include researching their client and their client’s position within an industry, meeting with company executives or professionals to make suggestions and develop improvement plans based on their needs and maintaining a professional relationship with their clients over time.
Responsibilities
- Develop and implement a system-wide risk management function of the information security program to ensure information security risks are identified and monitored.
- Internally assess, evaluate, and make recommendations to management regarding the adequacy of the security controls for information and technology systems.
- Lead the system-wide information security compliance program, ensuring IT activities, processes, and procedures meet defined requirements, policies, and regulations.
- Develop and implement effective and reasonable policies and practices to secure protected and sensitive data and ensure information security and compliance with relevant legislation and legal interpretation.
- Execute strategy for dealing with increasing number of audits, compliance checks and external assessment processes for internal/external auditors
- Be a key part of GRC projects, end to end from consulting to implementation
- Apply GRC fundamentals incorporated in various processes.
- Understands and document information systems and processes correctly.
- Engage with clients to understand relevant solutions and advise them
- Understands information security controls and how they relate to engagement requirements
- Raise awareness for clients and internal team.
Education/Certifications:
- Bachelor's Degree in an IT related discipline.
- Possession of a master’s degree and/or PMP, PRINCE2 would be an advantage
- Working knowledge of frameworks standards and regulations, including PCI, ISO 27001/22301/20000, NIST CSF, GDPR, COBIT, TOGAF.
- Experience in conducting VAPT would an advantage.
- Possession of ISO 27001/22301/20000, COBIT 2019, CISA, CISM, CISSP
Experience:
- 5-7 years of experience in an information systems environment, with strong knowledge of IT Governance and Systems Information Security.
Key Skills & Competencies:
- The ideal candidate would be agile, ability to perform duties independently under general, minimal supervision within specific assignments.
- Ability to develop and maintain internal error logs and provide support.
- Proficiency in providing efficient web-portal support.
- Ability to ensure optimal system functionality by monitoring performance metrics.
- Advanced knowledge of data protection and software encryption.
- Ability to keep up with IT trends and innovation.
- Exceptional interpersonal and communication skills.
Remuneration
Very Attractive.
go to method of application »
Job Summary
- We are looking for competent and committed professionals of high integrity to join our winning team.
- A Consultant is responsible for providing industry expertise to corporations and individuals.
- Their duties include researching their client and their client’s position within an industry, meeting with company executives or professionals to make suggestions and develop improvement plans based on their needs and maintaining a professional relationship with their clients over time.
Responsibilities
- Be a key part of GRC projects, end to end from consulting to implementation
- Apply GRC fundamentals incorporated in various processes.
- Understands and document information systems and processes correctly.
- Engage with clients to understand relevant solutions and advise them
- Understands information security controls and how they relate to engagement requirements.
- Raise awareness for clients and internal team around GRC.
- Lead the system-wide information security compliance program, ensuring IT activities, processes, and procedures meet defined requirements, policies, and regulations.
- Develop and implement effective and reasonable policies and practices to secure protected and sensitive data and ensure information security and compliance with relevant legislation and legal interpretation.
- Execute strategy for dealing with increasing number of audits, compliance checks and external assessment processes for internal/external auditors.
Education / Certifications
- Bachelor's Degree in an IT related discipline
- Working knowledge of frameworks standards and regulations, including PCI, ISO 27001/22301/VAPT
- Possession of ISO 27001/22301/CEH valid certifications.
- Possession of ISO 9001, CISA, CISM, CISSP would be an advantage.
Experience:
- 3-5 years of experience in an information systems environment, with strong knowledge of IT Governance and Systems Information Security.
Key Skills & Competencies:
- The ideal candidate would be agile, ability to perform duties independently under general, minimal supervision within specific assignments.
- Extensive experience as a technical consultant in a related industry.
- Advanced knowledge of hardware and software solutions and network maintenance.
- Ability to develop and maintain internal error logs and provide support.
- Proficiency in providing efficient web-portal support.
- Ability to ensure optimal system functionality by monitoring performance metrics.
- Advanced knowledge of data protection and software encryption.
- Ability to keep up with IT trends and innovation.
- Exceptional interpersonal and communication skills.
Remuneration
Very Attractive.
Method of Application
Interested and qualified candidates should send their tailored CV to: recruitment@alfred-victoria.com using the Job Title as the subject of the email.
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