Assistant Manager- Actuarial
Full time @APA Life Assurance Company Ltd posted 4 days ago in Business and Finance Shortlist Email JobJob Detail
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Career Level Manager
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Experience 8 Years +
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Industry Sales & Business Development
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Qualifications Degree Bachelor
Job Description
KEY PRIMARY RESPONSIBILITIES
Financial & Regulatory Reporting
- Production and review of IFRS 17 valuation results and associated disclosures.
- Production and Review of statutory filings in accordance with Insurance Regulatory Authority (IRA), and Management Reports for internal consumption (VNB, VIF, EV, etc).
- Collaborate with finance to align actuals vs budget and improve monthly close efficiency.
Experience Monitoring
- Perform periodic claims experience analyses to guide pricing, reserving assumptions, and give recommendations for management actions.
Capital Modelling
- Run capital adequacy assessments under local solvency regulations. Produce Capital Adequacy reports with management recommendations.
Pricing & Product Development
- Pricing of new individual and group life products, ensuring alignment with profitability, competitiveness, and regulatory standards.
- Enhance pricing tools and profitability testing models.
- Develop bespoke schemes for corporate clients, affinity groups, and pension providers.
Budgeting & Strategy Actuarial Inputs
Provide Actuarial results towards IFRS 17 Budgets and assist in five-year business planning with actuarial projection models. Work closely with the Finance team to ensure these processes are a success.
ACADEMIC QUALIFICATIONS
- Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage
JOB SKILLS AND REQUIREMENTS
Technical Skills
- Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excell Skills, Excel VBA, Python, R, etc).
- Advanced analytical skills and business insight.
- Familiarity with Power BI or other dashboarding tools is a plus.
Behavioural Attributes
- Strong attention to detail and a commitment to accuracy.
- Able to manage multiple deadlines and priorities under minimal supervision.
- Effective communicator—both written and verbal—with stakeholders at all levels.
- Mentorship mindset and a collaborative team player.
PROFESSIONAL QUALIFICATIONS
- Progress toward actuarial qualification (minimum: 10 papers).
Experience
- Minimum 8 years actuarial experience in life insurance.
- Strong experience in IFRS 17 valuation and reporting.
- Experience in calculating VIF, VNB and Embedded Value.
- Understanding of Asset-Liability Management Process.
