Prudential plc, one of the oldest and most strongly capitalized life insurance companies in the world, has acquired a majority stake in Zenith Life Assurance, giving rise to a new company, Prudential Zenith Life.
The union is set to redefine the Nigerian insurance sector, building on the existing strength of Zenith Life, which is one of the fastest-growing life insurance companies in Nigeria, with a gross written premium of N3.6 billion at the end of 2017.
We are recruiting to fill the position below:
Job Title: Senior Actuarial Analyst
Location: Lagos
Job type: Full-time
Responsibilities
- Develop and analyze actuarial models
- Design new product development proposals and potential value to both customers and the Company and coordinate the approval and documentation
- Support new product development and alteration/revision to existing products.
- Monitoring and tracking performance Of existing policies to actualize trends (investigations & reporting) for future reviews and corrective rnechanisms when necessary.
- Reinsurance review and optimization
- Conduct periodic actuarial valuation in compliance with both IFRS 4 and IFRS 17.
- Perform periodic market reviews and competitor analysis, as part of product strategy and positioning.
- Regular reporting on the performance Of new and existing products
- Ad hoc actuarial tasks (e.g. partnering with the reporting team where necessary).
Qualifications
- BSc Actuarial Science, or any other numerate disciplines.
- Minimum of 2:2 class of degree.
- Significant progress achieved with actuarial professional/certification exams
Experience:
- A minimum of 7 years cognate/hands-on experience (actuarial functions).
- Substantial actuarial expertise and hands-on/cognate experience (product development and related processes, etc)
- Appreciable knowledge of Nigeria Insurance landscape knowledge, specifically life insurance.
Skills & Competencies:
- Extensive experience in product development, and pricing. and profit testing.
- Proficiency in Excel and Visual Basic Applications
- Reasonable knowledge Of the new insurance industry financial reporting standard, IFRS 17
- Excellent problem-solving skills with a meticulous and methodical approach.
- Effective communication & presentation (articulate) skills
- Excellent stakeholder management. with business.
Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should send their Resume to: careers@prudentialzenith.com using the Job Title as the subject of the mail.