Actuarial Science jobs, Insurance jobs,
Group – Credit Life Administrator
KEY PRIMARY RESPONSIBILITIES
- Preparing Policy documents, certificates, endorsements, and other official company documents in line with the company’s underwriting manual
- Authorize debit notes, certificates, and endorsements as per the authorization framework
- Addressing inquiries and feedback from clients within the timelines stipulated in the service charter and/or SLAs signed with respective clients;
- Observing strict adherence to cash and carry rule and/or company credit control policy and escalating exceptions;
- Addressing reconciliation issues in liaison with the finance department and the client/intermediary
- Responding to internal and external audit queries and implementation of recommendations;
- Complying with statutory, regulatory, and internal control processes at the business units;
- Responsible for timely renewal invitations, processing of payments, and renewal confirmation as per company guidelines
- Maintaining accurate records in the EDMS and confidential maintenance of medical examination reports and up to date records on follow up of medical requisitions, premiums, PIN numbers, and renewal confirmations as per the set timelines
- Participating in company CSR and brand-building activities in liaison with other departments.
- Identify and prepare commission/commission statements on a weekly basis
ACADEMIC QUALIFICATIONS
- Bachelor’s degree in Insurance/Actuarial Science or an equivalent.
JOB SKILLS AND REQUIREMENTS
- Interpersonal and Communication skills
- Time management skills
- Good negotiation skills
PROFESSIONAL QUALIFICATIONS
- Progress in IIK Diploma or CII diploma
EXPERIENCE
- At least 2 years of relevant experience
Actuarial Analyst
KEY PRIMARY RESPONSIBILITIES
- Pricing of medical insurance contracts/schemes and tenders to ensure competitiveness and business profitability
- Work with the 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 data analytics and business intelligence analytics in 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 the 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, and 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 reports, and presentations, actively participating 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 or any other related field.
JOB SKILLS AND REQUIREMENTS
- Proficiency in analytical software /tools (e.g., R, Python, SAS, Advanced Excel, and SQL)
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong communication skills, both written and verbal, with the ability to present complex information in a clear and concise manner.
- Ability to work independently and collaboratively within a team environment.
- Strong organizational and time management skills, with the ability to manage multiple tasks and meet tight deadlines.
PROFESSIONAL QUALIFICATIONS
- Good progress with professional examinations – a minimum of 3 professional exams
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EXPERIENCE
- At least 2 years of relevant actuarial experience, preferably in the insurance industry.