Technical (Actuarial) Officer at ARM Hold Co.

Job Summary

• New Product Development & Product Review
• Products Pricing & Review of pricing mechanism
• Product Paper Preparation
• Preparation of Quotations & Proposals
• Supervision of Data Reconciliation, Validation & Analysis for Valuation
• Preparation/Review of Technical Process/Operational Manual.

Principal Duties and Responsibilities

• Product Pricing and periodic review of the pricing mechanism
• Support delivery of data to meet valuation deadlines and other investigations, including:
• All policy & asset data used for actuarial valuations
• All policy and movements data, as required for management information (MI)
• Mortality, morbidity, persistency and longevity investigation information
• Ensure all key accounts and other complex claims are promptly settled.
• Assist in the yearly/half-yearly calculation of economic and regulatory capital requirement of the company
• Performing experience analysis covering mortality, withdrawals, sickness, disability, and retirement rates.
• Assist in reinsurance review and optimization
• Support the group life pricing process
• Supervision of Quarterly and full year Actuarial Data Reconciliation, Validation and Analysis
• Working with the Company's Consulting Actuaries on Actuarial Valuation and Reinsurers on Reinsurance Matters Ensure services are delivered to key clients based on Service Level Agreement
• Develop and maintain an appropriate level of job skills. These will include actuarial techniques and computer skills, which will enhance the skill base of the team.
• Establish skills to ensure appropriate and effective communication with internal departments and external contacts.
• Identify, recommend and implement initiatives to improve efficiency and effectiveness including procedural, systems and training aspects.
• Ensure that proper documentation is created. Assist in the maintenance of a comprehensive procedures manual and key controls manual, ensuring procedures, systems and controls are correctly documented.
• Provide input to key strategic issues through provision of management information relevant to key objectives
• Weekly verification of all key transactions to ensure that PRN & CAN are issued for all payment made by the client.
• Any other job as may be assigned

Requirements

• The successful candidate will be studying for the Actuarial Professional qualification (should have completed minimum of 5 CTs).
• B.Sc Degree in a numerate field
• Good technical ability
• Microsoft Office products
• Good documentation skills
• Knowledge of data management
• An ability to analyse complex problems and results and recommend policy
• Experience & knowledge of Nigerian Life industry