Actuarial Analyst
1 week ago
**Key Responsibilities**
- Conduct actuarial assessments to ensure that the company’s reserves remain sufficient and meet all regulatory standards.
- Build, refine, and improve actuarial and financial models to support key performance indicators, including forecasting, budgeting, and performance tracking across all business lines, distribution channels, and underwriting teams.
- Develop a comprehensive understanding of the company’s underwriting approach, portfolio composition, product range, reinsurance framework, and data systems.
- Work closely with cross-functional teams—including underwriting, reinsurance, product, claims, and finance—to analyse portfolio results and recommend strategies to enhance profitability.
- Examine claims and operational data to detect patterns, deviations, and emerging risks that could impact reserve adequacy.
- Carry out scenario testing, stress testing, and sensitivity analyses to assist in capital management and risk assessment activities.
- Evaluate reinsurance structures and retention levels to optimize the balance between risk exposure and financial return.
- Provide support for technical accounting, commutation evaluations, and the development of robust ACR methodologies.
- Participate in data analytics initiatives, ensuring continual improvement in data integrity, precision, and reporting standards.
- Perform other assigned duties as required.
**Requirements**:
- Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
- At least 2-3 years of relevant experience in areas such as reserving, financial and regulatory reporting (e.g., IFRS 17), forecasting, capital modelling, or portfolio management within the general insurance sector.
- Strong working knowledge of Microsoft Office, Power BI, and/or analytical tools such as SAS.
- Experience with programming languages like SQL or VBA will be an added advantage.
EA Reg No. R1876585
EA License No. 23S1593
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