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Actuarial Officer

JOB SUMMARY
Company	Confidential
Industry	Insurance
Category	Insurance
Location	Accra
Job Status	Full-time
Salary	GH¢
Education	First Degree
Experience	4 years
Job Expires	Nov 18, 2024
Contact	...

Job Description

A progressive life insurance company has an exciting opportunity for enthusiastic and committed insurance professionals to join our dynamic growing team to handle the following role: Actuarial Officer

Job Purpose

This role uses statistical formulas to assess risk by working out the average life expectancy of different demographics to determine the policy premiums each should be charged.
The role involves analyzing data and modeling risk, pricing insurance products and evaluating claims, creating financial projections and budgeting, as well as assessing the financial impact of potential business decisions.

Key Responsibilities

Help ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.
Clean and analyse data, run expense analyses, do profit projections as well as perform experience reviews.
Assist with pricing of insurance products and evaluate claims.
Analyse production information/data gathered, prepare quarterly and annual report findings and make recommendations.
Help compile data for annual actuarial valuation.
Liaise with external Actuaries when necessary for valuation report, actuarial Memorandums on new products etc.
Check computations of interest accrued, premiums due, and settlement surrender on Statements
Help prepare quarterly SDRs to the National Insurance Commissions (Regulator)
Maintain accurate and proper records of the company’s data
Help generate premium rate for unusual businesses.
Monitor existing premium rates to check for premium adequacy and make necessary changes and recommendations

Required Skills or Experience

Preferred Qualification & Experience

A minimum of a first degree in Actuarial Science from a recognised tertiary institution with at least 4-6 years related work experience.
Part professional qualification will be preferred

Competencies

Highly numerate
Ability to use computational software and spreadsheets.
Excellent Communication and presentation skills.
Computer skills
Highly analytical and problem-solving skills
Good business acumen
Excellent interpersonal skills
Ability to work with minimal supervision

How To Apply

Interested and qualified candidates should forward their curriculum vitae (CVs) indicating their preferred role as the subject to this email address: saferecruitment2022@gmail.com
Closing Date: 2 weeks after publication

Note

Please note, employers receive numerous applications per posting and will only shortlist the most qualified candidates. Also Jobsinghana.com is not involved in any decision made by an employer/recruiter and therefore does not guarantee that applications sent will result in a candidate being shortlisted/selected for that position.

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