Actuarial Analyst
KEY PRIMARY RESPONSIBILITIES
Financial & Regulatory Reporting
- Support the production and review of IFRS 17 valuation results and associated disclosures.
- Support the production and review of statutory filings in accordance with Insurance Regulatory Authority (IRA) requirements, and Management Reports for internal use (e.g., VNB, VIF, EV, etc).
- Work in collaboration with the finance team to align actuals vs. budget and enhance monthly close efficiency.
Experience Monitoring
- Assist in performing periodic claims experience analyses to guide pricing and reserving assumptions and provide actionable recommendations to management.
Capital Modelling
- Run capital adequacy assessments under local solvency regulations.
- Assist in producing Capital Adequacy reports with recommendations to management.
Pricing & Product Development
- Pricing of new individual and group life products, ensuring profitability, competitiveness, and regulatory compliance.
- Assist in enhancing pricing tools and profitability testing models.
Budgeting & Strategy Actuarial Inputs
- Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning using actuarial projection models.
- Working closely with the finance team to ensure the success of budgeting and strategic planning processes.
ACADEMIC QUALIFICATIONS
- Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage.
JOB SKILLS AND REQUIREMENTS
Technical Skills
- Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, Excel VBA, Python, R, etc).
- Advanced analytical skills and business insight.
- Familiarity with Power BI or other dashboarding tools is a plus.
Behavioural Attributes
- Strong attention to detail and a commitment to accuracy.
- Able to manage multiple deadlines and priorities under minimal supervision.
- Effective communicator—both written and verbal—with stakeholders at all levels.
- Mentorship mindset and a collaborative team player.
PROFESSIONAL QUALIFICATIONS
- Progress toward actuarial qualification (minimum: 4 papers).
EXPERIENCE
- Minimum 2 years actuarial experience, preferrably in life insurance.
- Experience in IFRS 17 valuation and reporting is an advantage.
- Experience in calculating VIF, VNB and Embedded Value is an advantage.
- Understanding of Asset-Liability Management Process.
Submit Your Application
Interested and qualified? Go to APA Life Assurance Company Ltd on www.apainsurance.org to apply
