Job Ref. No: JHIL084

Role Purpose

• The main purpose is to evaluate and provide advice to Jubilee Health Insurance Limited regarding product development and pricing activities, risk modelling, reserving, data analytics, adequacy of reinsurance arrangements and compliance with related statutory and regulatory requirements.

Main Responsibilities

Operational

• Providing advisory on the insurer’s actuarial and financial risks.
• Evaluating and providing advice on risk modelling and use of internal models where applicable.
• Providing guidance on the selection of key actuarial assumptions.
• Pricing of insurance contracts.
• Product development, reviews and advisory
• Experience monitoring
• Support on data analytics
• Reserving of Claims and Premium Liabilities
• Scenario and sensitivity testing.
• Providing guidance on adequacy of reinsurance arrangements
• Developing and tracking pricing actuarial analytics
• Maintaining and developing effective actuarial reports of historical performance.
• Assist in IFRS 17 implementation.
• Maintaining and distribution of actuarial reports.

 Corporate Governance

• Ensure compliance with company policies, procedures, and regulatory guidelines.
• Maintain confidentiality and handle sensitive information in accordance with privacy laws and regulations.
• Adhere to ethical standards and maintain professional conduct while dealing with confidential or sensitive matters.

 Culture

• Engaging in ongoing professional development activities to enhance knowledge and skills in actuarial, regulatory compliance, and corporate governance.
• Foster effective working relationships with internal stakeholders.
• Foster a culture of accountability and responsibility within the actuarial function.
• Serve as a role model for exceptional customer service and professionalism.
• Change Management: Assist in driving change initiatives within the quality assurance team and the broader organization. Help team members adapt to changes and foster a culture of agility and continuous improvement.

Key Competencies

• Business Acumen
• Performance Driven Individual
• Market Awareness
• Good Interpersonal Skills
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Qualifications

• Bachelor’s Degree in Actuarial Science
• Proficient in the use of Microsoft Office Suite & Packages. Knowledge of programming language will be a plus.
• Passed at least 5 Actuarial examinations.

Relevant Experience

• Minimum of three (3) years’ relevant experience in a similar position.