Actuarial Assistant

Job Closed!
Category:Business development
Job Type:Permanent

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, Return on Assets, Mortality 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 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; and
  • Deliver on performance requirements as defined in the departments’ strategy map, balanced scorecard and Personal Scorecard. 


Knowledge, experience and qualifications required:
  • Bachelor's degree in actuarial sciences, statistics or any mathematics related field.
  • Passed a minimum of 4 Actuarial Examinations.
  • 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.



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Business development Britam 1 year ago