Actuarial Analyst

Date Posted: Oct. 11, 2022, 5:24 a.m.

APA Life Assurance

Job Description

Key Primary Responsibilities

  • Pricing of medical insurance contracts/schemes and tenders to ensure competitiveness and business profitability
  • Work with internal business development team in Product development, review existing products performance and features and advise management on appropriate changes to adopt.
  • Perform claims experience analyses to monitor client performance. Prepare clients’ claims experience reports detailing the performance status of the contracts/schemes.
  • Supporting on data analytics and business intelligence analytics on the medical class of business. Conduct cleaning and management of data used in various projects.
  • Carry out actual Reserving for claims, premiums and expenses, and other financial projections.
  • Carry out reinsurance utilization analyses and provide guidance on adequacy of reinsurance arrangements
  • Developing and Maintaining effective actuarial reports of business historical performance with suggested management actions and recommendations.
  • assist the department in identifying, quantifying risk where appropriate and formulating appropriate risk mitigation measures.
  • Conducting research work within the Line of Business, aligning with local and international industry developments.
  • Assist in client communication management, including drafting of reports, presentations, actively participate with team members in client meetings
  • Participate in cross-departmental team activities to support organizational needs as may be required;
  • Supporting the IFRS 17 implementation

Academic Qualifications

  • Bachelor’s Degree in Actuarial Science, Data Science, Statistics, Computer Science or any other related field.

Job Skills and Requirements

  • Proficiency in Word, Excel, PowerPoint
  • Good programming skills: Oracle BI/Python/R/C++/Power BI
  • Good knowledge of regional financial regulatory requirements;
  • Strong communication and written skills and proficiency in English;
  • Displays high motivation, team-orientation, adaptability, initiative, self drive, ownership of work, and a fast learner.

Personal Qualifications

  • Relevant Actuarial professional examinations- a minimum of 3 professional exams


  • At least 2 years’ experience in an actuarial role.
  • Experience as an actuarial analyst within health Insurance environment is preferred.
  • Good understanding of the insurance industry will be an added advantage.

How To Apply

Interested and qualified candidates should send their applications to [email protected] and [email protected] for Software Development role

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