Actuarial Specialist

An exciting opportunity has arisen for a motivated professional. Position Overview: The job holder will be responsible for providing actuarial and data analytics support to the medical/health business and participate in overall risk management for the company. Key Responsibilities:

• Actuarial valuations: Assist in the accurate calculation & monitoring of technical reserves using appropriate actuarial methodology and assumptions for financial reporting, regulatory reporting and group reporting.

• Assist in the implementation of key actuarial analytics on various trends that will inform product restructure, new product features and cost control measures for medical products.

• Monitor and investigate underwriting & claims experience and recommend pricing adjustments based on medical trends and benefit utilization.

• Assist with data validation, including checking internal consistency of data, and reviewing quality of supplied data.

• Prepare actuarial dashboards and performance reports that guide strategic decisions on pricing,product offering and track financial outcomes.

• Provide feedback to management, ICT and other relevant stakeholders regarding analysis performed.

• Provide analysis to support the application of appropriate reinsurance arrangements.

• Make business recommendations based on market needs, existing product performance, and competitor analysis, in order to increase sales volume and profitability.

• Strategy and Business Planning Support; assist with business planning financial projections,expense analysis and solvency projections for the Medical business unit.

• Support design, pricing and set-up of new and existing products in the administration system.

• Product Profitability Review; Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.

• Project involvement for running projects that may require actuarial input.

Required Qualifications:

• BSc. Actuarial Science, Statistics, Mathematics or related qualification

• Progress in professional actuarial qualification (at least 4-6 papers with IFOA/SOA/Any other recognized actuarial body)

Experience:

• At least 4 years’ work experience in medical/health insurance or similar experience in a reputable organization

Competencies

• Timeliness in preparation and submission of reports

• Quality and accuracy of calculations and actuarial information

• Computer literacy with emphasis on MS Excel

• Knowledge of International Financial Reporting Standards

• Accounting knowledge

• Statistical techniques

• Proficient kno...