Actuarial Associate job at Britam

Britam

Actuarial Associate job Post

Location: Jobs in Uganda 2022 - 2023

Work Hours: Full-time, 08 hours per day

Salary: UGX

No. of vacancies: 01

Deadline: 15 February 2022

Hiring Organization: Britam

Job Details:

Key responsibilities
• Coordinate with the assigned business units in the preparation of valuation data.
• Carry out investigations as directed e.g. on expenses, the performance of certain lines of business, reinsurance optimization, asset-liability matching, etc.
• Timely calculation and reporting of accurate insurance technical liabilities provided for monthly financial reporting as well as carrying out Reserve Adequacy Tests. This includes the preparation of reports on valuation results.
• 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.
• Review and monitor experience on all products to inform decision making including profit testing of existing products
• Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring
• Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks
• Deliver on performance requirements as defined in the departments’ strategy map, balanced scorecard and Personal Scorecard.

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

Knowledge, experience and qualifications required
• Bachelor’s degree in actuarial sciences, statistics, or any mathematics-related field.
• Passed a minimum of 5 Actuarial Examinations.
• Possess a qualification equivalent to Certified Actuarial Analyst awarded by an actuarial society or body recognised by the International Actuarial Association.
• 1-3 years’ experience in a similar position.
• Strong computer and business solutions software skills.
• Strong analytical and problem-solving skills.

Essential Competencies
• Learning and Researching: Rapidly learns new tasks and commits information to memory quickly; demonstrates an immediate understanding of newly presented information; gathers comprehensive information to support decision making at management level; learns from successes and failures and seeks colleague and customer feedback.
• Working with People: Shows respect for the views and contributions of other team members; shows empathy; listens, supports and cares for others; consults others and shares information and expertise with them; builds team spirit and reconciles conflict; adapts to the team and fits in well.
• Applying Expertise and Technology: Applies specialist and technical expertise; uses technology to achieve work objectives; develops job knowledge and expertise (theoretical and practical) through continual professional development; demonstrates an understanding of different organisational departments and functions.
• Delivering Results and Meeting Customer Expectations: Focuses on customer needs and satisfaction; exhibits high standards for quality and quantity; monitors and maintains own quality and productivity; works in a systematic, methodical and orderly way; consistently achieves projects goals.
• Following Instructions and Procedures: Follows procedures and policies; keeps to schedules; arrives punctually for work and meetings; demonstrates commitment to the organisation; complies with legal obligations and safety requirements of the role.
• Adhering to Principles and Values: Upholds ethics and values; demonstrates integrity; accepts diversity; display individual responsibility towards the community and the environment; models the organisational values during every day interactions.