Executive Jobs in a Foremost Multi-line Insurance Company via KPMG

Detailed Job Description

• The Head of Actuarial Unit will manage a team that performs full actuarial functions covering Life, Non-life, Investment and financial Operations of the Company.
• The individual will oversee product development, pricing, reserving, reassurance and provisioning.
• He/She will carry out data integrity analysis and support risk management.

Functions & Responsibilities

• Conduct monthly valuation of liabilities and assets of the Company to assist in making provisions, reserves and adjustments.
• Liaise with underwriting unit on pricing processes.
• Help to communicate the impact of changes to pricing assumptions and tools used by underwriting unit.
• Identify data requirements for analysis, pricing tool development and decision making.
• Ensure organization uses data effectively to reach profit and growth objectives
• Provide consultation to required units regarding actuarial, finance, planning, or other analysis for areas impacting the business
• Work with IT in automating actuarial and underwriting processes.
• Work with other groups within the Company to meet up with regulatory requirement and rating criteria.
• Prepare and present reports; explaining implications in clear terms to non-actuaries.
• Supervise other members of the group and assist in developing their skills
• Liaise with external Actuaries in coming up with external Actuarial Valuation Reports.
• Liaise with FINCON on rating engagements with Rating Agencies.
• Monitor and analyze financial results in order to communicate the impact of strategic and operational plans.
• Develop and revise strategic and tactical plans as necessary to meet corporate objectives and respond to environmental changes.
• Stay abreast of developments in actuarial techniques.
• Research relevant laws and regulations.
• Analyze developments in the marketplace.
• Represent the Company on industry and professional committees.
• Develop ways to use price as a competitive advantage.

Qualification/ Professional Membership

• Bachelor’s degree in Mathematics, Statistics, Finance, Insurance and Actuarial Science or other quantitative fields
• Master’s degree in Mathematics, Statistics, Finance, Insurance and Actuarial Science or other quantitative fields
• Membership in the Society of Actuaries (FSA or ASA) or Considerable progress in Actuarial Examinations is mandatory.
• Membership of Chartered Insurance Institute of Nigeria (CIIN) will be an added advantage.

Skills/ Competence Requirement:

• Strong statistical, analytical and monitoring skills with solid understanding of all life/disability actuarial techniques, standards, and assumptions
• Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments
• Must have led rate-making and pricing initiatives for insurance products.
• Effective written and verbal communication skills in presenting recommendations to non-actuaries.
• Advanced computing knowledge and high proficiency in use of Spreadsheet applications.

Generic Skills:

• High level of accuracy
• Close attention to details
• Strong numeracy ability
• Articulate
• Sound Judgment
• Excellent relationship management
• Proactive in taking responsibility, identifying problems and proffering solutions
• Very good written and verbal communication skills.
• Ethical
• Strong verbal and written communication skills
• Ability to exert influence and drive decision making at all levels

Minimum Experience:

• 8 - 10 years in Actuarial unit / Finance unit

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Detailed Job Description

• To build distinctive capabilities in the core insurance functions of Claims, Underwriting and Reinsurance and provide requisite expertise in these three areas in furtherance of the Company’s corporate aspirations and strategic objectives.

Functions & Responsibilities

• Responsible for overall management of the  Claims ,Underwriting and Reinsurance Division which includes setting strategic direction and objectives for the division
• Lead and drive the formulation of group-wide Claims , Underwriting and Reinsurance policies and enforcement of their implementation for advancing group objectives
• Establish Group Claims, Underwriting and Reinsurance framework in compliance with international standards and principles
• Articulate overall Claims processing policies and strategies at enterprise level and for the different sectors/market segment the Company operates
• Articulate the principles and define guidelines for evaluation, acceptance and underwriting of risks
• Establish infrastructure, systems and processes for identifying, managing, controlling and reporting Claims across the business
• Provide expertise on Client’s risks and maximize returns on investment products or credit offerings.
• Evaluate performance of direct reports for compliance with established Claims, Underwriting and Reinsurance policies and objectives of the company and contributions in attaining objectives
• Maximize reinsurance capabilities for the Company by designing profitable reinsurance mechanism and establish best standards for Reinsurance operations
• Perform other functions as assigned by the Group Managing Director
• Dealing proactively with day to day business inquires.
• Training and growing junior technical staff, to help them grow in the organization.

Qualification / Professional Membership

• Bachelors of Science degree in Insurance/ Business/ Social Science
• Masters of Science degree Insurance/ MBA
• Professional Certification - Chartered Insurance Institute of Nigeria or Chartered Insurance Institute (UK)

Skills / Competence Requirement:

• Extensive knowledge of Insurance operations and the procedures of core Underwriting, Claims, Statistical and Sales departments
• Capability of interacting and maintaining close relationship with existing and potential clients and brokers.
• In-depth understanding of risk assessment and Laws and Legislation of the insurance industry
• Vast knowledge of the Insurance industry both within and outside the country
• Proficient Use of Microsoft Office (Word, Excel, Outlook and PowerPoint)

Generic Skills:

• Ability to motivate teams
• Excellent leadership skills
• Conflict resolution skills
• Perceptive
• Proactive in taking responsibility, identifying problems and proffering solutions
• Ability to work under pressure
• Ethical
• Effective interpersonal relationships
• Sound Judgment
• Articulate
• Excellent communication (oral & written)
• Ability to make decisions and stand by them

Minimum Experience:

• 15 - 20 years in the Insurance industry
• Minimum of 10 years in managing the technical aspects of the business.
• At least 5 years should be at a Senior Manager level.

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Detailed Job Description

• To develop and implement clear corporate communications and brand management programs deriving from and supportive to the overall corporate goals and objectives of the Company and to develop brand and communication strategy for global and international recognition.

Functions & Responsibilities

• Develop clear communications strategies and programs supportive of the Company’s goals for visibility and perception
• Articulate, execute and manage strategies on Branding, Publicity, Advertising, Media Management, Events Management and Corporate Social Responsibility to deliver the organizations reputation and brand positioning aspiration.
• Evolve policies and guidelines for all aspects of the Communications and Brand Management Function
• Advice on suitable CSR initiatives and managing the activities.
• Determine appropriate media and channels for corporate communications
• Negotiate favorable terms for the Company on all brand management and communications contracts and projects
• Communications /response for crisis and issue management
• Manage and account for the Communications and Brand Management budget
• Perform other duties as assigned by the Chairman, Board of Directors, and Managing Director/CEO of the Company
• Facilitate good media coverage of the Company by developing and maintaining good media relations through engagement and availing relevant information to members of the public.

Qualification / Professional Membership

• Bachelors of Science Degree in Mass Communications/ Social Sciences/ Humanities
• Masters of Science Degree in Communications/ Public Relations
• Membership of Nigerian Institute of Public Relations (NIPR) / Chartered Marketing Communications Institute of Nigeria (CMCIN) will be an added advantage.

Skills / Competence Requirement:

• Communications
• Branding
• Marketing
• Advertising
• Policy Development / Implementation
• Creative thinking and innovative
• Project Management
• Social Marketing
• Editing skills and Graphics software knowledge skills
• Excellent knowledge of the Insurance industry (including its major and minor players)
• Proficient Use of Microsoft Office (Word, Excel, Outlook and PowerPoint)

Generic Skills:

• Adept at working on cross- functional teams
• Excellent communication skills
• Interpersonal skills
• Articulate
• Sound judgment
• Close attention to details
• Intuitive
• Proactive in taking responsibility, identifying problems and proffering solutions
• Ethical

Minimum Experience:

• At least 8 years, 5 in a core communications and Brand Management Function and 3 in a supervisory level