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Saturday, 20 August 2022

New Job Opportunity at Britam Insurance Tanzania - Actuarial Associate

  AjiraLeo Tanzania       Saturday, 20 August 2022
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AJIRA LEO
Britam Insurance Tanzania
Jobs in Tanzania 2022: New Job Vacancies at Britam Insurance Tanzania 2022

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AJIRA MPYA TANZANIA 2022 | NAFASI MPYA ZA KAZI 2022
Actuarial Associate - (2200003Q)
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.
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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
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