Team Lead, Life Actuarial at Alfred and Victoria Associates

We are recruiting to fill the position below:

Job Title: Team Lead, Life Actuarial

Location: Lagos

Job Summary

• The Team Lead for Life actuarial will work with the Head of Actuarial Services within the business to ensure the business gets relevant actuarial input. The role will support and ensure that Life actuarial work done is methodically and accurately

Key Responsibilities
Management / Communication:

• Manage Life Actuarial relationships directly with external parties such as, but not limited to, Organization Group entities, actuarial consultants and the company’s auditors.
• Ensuring that all necessary policies and procedure documentation is in place and regularly reviewed.
• Participates in cross-functional teams to develop new and enhanced systems, processes, programs, and policies to support business needs.
• Manage, coach and develop Life Actuarial Analysts so that they can meet their job accountabilities.

Pricing, Reserving & Product Development:

• Ascertains premium rates and cash revenues to ensure payment of future benefits for the portfolio.
• Assists in product development activities and ensure timely and accurate actuarial support on product development related programs and initiatives.
• Determining and agreeing with the Head, Actuarial Services on liabilities on a monthly basis including sensitivity analysis.
• Updates and reviews pricing and rating models and assumptions

Monitoring / Experience Analysis:

• Handles the development and preparation of KPIs and claims and premium trend analysis for the portfolio.
• Handles analysis of data and provides analytical summaries to arrive at recommendation to improve pricing strategies.
• Prepares and analyzes trends, profitability and experience studies.
• Applies knowledge of mathematics, probability, statistics, principles of finance and business to problems in insurance.

Academic / Professional Qualifications

• Bachelor’s Degree from a reputable tertiary institution in Actuarial Science, Mathematics, Engineering, Physics, Finance, Economics or related disciplines.
• 3-5 Actuarial exams and must include CM1 or SoA equivalent

Work Experience:

• At least 3 years’ experience and with track record in conducting actuarial and data analysis

Required Skills & Competencies:

• Advanced knowledge of Microsoft Excel.
• VBA, SAS & R programming will be an added advantage. 
• Overall knowledge of general management principles and processes sufficient to professionally handle the sub-department.
• A detailed knowledge of the deliverables of all sub-departmental work including in-depth knowledge of departmental processes and procedures
• A developed understanding of all system-produced reports applicable to the sub-departmental work
• Excellent communication and presentation skills in both written and verbal context.
• Team oriented – ability to collaborate and build relationships.
• Ability to plan and prioritize work towards the achievement of personal and corporate objectives.
• Ability to value, promote and act with integrity.
• Excellent organizational skills with strong attention to detail and ability to drive results.

Salary
Very Attractive.

Application Closing Date
3pm on Friday, 4th November, 2022.

Method of Application
Interested and qualified candidates should send their tailored CV to: [email protected] using the Job Title as the subject of the email.

Note: Any application received after the closing date will be automatically rejected.