Job Description

Job Title: Actuary - Life Insurance

1- year Employment Contract (renewable)

Hybrid: Approximately six months remote and six months on site

Duties:

• Developing and pricing life insurance products such as term life, whole life, annuities, and universal life insurance.
• Calculating and maintaining reserves to meet future policyholder obligations and regulatory requirements.
• Analyzing mortality, morbidity, and other factors to assess the financial impact of various risks.
• Conducting analyses of policyholder behavior and updating assumptions based on observed trends.
• Assessing capital requirements and ensuring efficient allocation to meet solvency and regulatory obligations.
• Ensuring adherence to local and international standards such as Solvency II or other actuarial guidelines.
• Building and maintaining actuarial models to project cash flows, profitability, and risk scenarios.
• Designing reinsurance programs to mitigate risks and optimize clients' exposure to large losses.
• Commitment to ongoing professional development and staying updated on industry trends, regulatory changes, and actuarial best practices.
• Engaging with clients, auditors, regulators and other stakeholders.
• Working to tight deadlines and keeping up to date with changes in actuarial science and emerging technologies in the insurance industry.

Experience:

• Strong background in life insurance with proven 5+ years of work experience in a similar role.
• Hands on experience and familiarity with Solvency II, IFRS 17, and other relevant regulatory frameworks.
• Proficiency in statistical tools and programming languages such as R, Python, or SQL.
• Expertise in actuarial software like Prophet, GGY AXIS, MoSes, ResQ, Igloo, or other reserving and pricing platforms.
• Ability to communicate complex actuarial concepts to a non-technical audience.

Qualifications:

• Bachelor’s degree in mathematics, statistics, actuarial science, economics, or a related field.
• Membership or certification from the Institute and Faculty of Actuaries (IFoA), or equivalent.

Job Benefits:

• Accommodation
• Medical Insurance
• Annual Flight Allowance
• Full Relocation Covered
• Tax-Free Salary & Benefits
• Annual Leave 30 Days