Actuarial Associate

Date Posted: Oct. 18, 2022, 10:58 a.m.

Jubilee Insurance

Job Description

Job Ref. No. JLIL096

Main Purpose of the Job (Job Summary)

The role provides actuarial modelling and reporting in product development & profit-testing, IFRS17, solvency, risk capital, management and financial reporting, regulatory compliance.

Main Responsibilities

  • Actuarial reporting for financial & regulatory compliance: Including actuarial reserving, IFRS17 modelling, Financial Condition Report, Solvency, Risk Based Capital reports
  • Product Development: -
    • Pricing, profit-testing, system set-up
    • Development of policy documents for new products
    • Developing illustrations for new products
    • Ongoing profitability monitoring of the product
    • Scenario & sensitivity testing
  • Actuarial experience analyses including mortality investigations; persistency; expenses; investment returns; analysis of reserves & surplus
  • Value of new business, embedded value & Asset Liability Management valuations
  • Projections and Budgeting: Projected actuarial reporting for financial statements & strategic planning
  • Actuarial risk technical modelling and use of internal models
  • Gives leadership and technical direction to staff under supervision in performing actuarial functional work
  • Perform other duties as may be assigned from time to time

Academic Qualifications

  • Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field
  • Professional actuarial exams (minimum of 7 exams completed)

Key Competencies

  • Accountability for results
  • Diligence
  • Team management
  • Actuarial judgement skills


  • Minimum of three (3) years’ relevant experience, one (1) of which is at a supervisory level

Closing: 25 Oct, 2022

How To Apply

If you are qualified and seeking an exciting new challenge, please apply via [email protected] quoting the Job Reference Number and Position.


Only shortlisted candidates will be contacted.

Apply for this Job Now

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