Actuary Personnel At Phillips Outsourcing Services Limited

Phillips Outsourcing Services Limited, an Insurance Company is recruiting to fill the position below:

Job Title: Actuary Personnel

Location: Lagos

Employment Type: full-time

Responsibilities

To efficiently and effectively manage data for the purpose of actuarial valuation and internal management use

Responsible for managing and keeping appropriate record of actuarial data on a timely basis

Responsible for setting valuation assumptions for all respective life products

Responsible for preparation of periodic valuation of all life products.

Responsible for frequent validation of Life operations data with various stakeholders for effective use by management

Responsible for the periodic earned and unearned premium reserve calculation

Responsible for reconciliation of Life operations data with management report.

Responsible for the business risk assessment and offering risk mitigation measures

Building automated models for complex products to minimize possibilities of errors in daily operations • Ensuring that processes are streamlined

Responsible for tracking recoverable from co underwriters and re-assurers and reconciliation of the data for management reporting.

Responsible for monitoring and coordinating the unit compliance in line with the stated timelines

Responsible for reporting on the valuation liability status of the organization on a frequent basis and performance of life operations weekly activities

MIS: Management Information System (Reporting)

NAICOM Reporting

Requirements

Minimum of a Bachelor's degree in Actuarial Science or related field.

Minimum of Three (3) years relevant experience preferably in an insurance company as an actuary analyst or actuarial firm.

A student member of the Institute and Faculty of Actuaries (IFoA) or Chartered Insurance Institute of Nigeria (CIIN)

Sound knowledge of Life insurance business, financial modeling.

Excellent knowledge of MS office is essential for this role.

FIRS Reporting Standards

Establishing Focus Stress Management

Analytical Thinking, Written Communication, Personal Credibility.

Initiative, Verbal Communication, and Flexibility, Planning and Organizing, Result Oriented, Fostering Teamwork, Thoroughness, Problem Solving.

Salary

Negotiable

Application Closing Date

5th July, 2024.

How to Apply

Interested and qualified candidates should send their CV to: recruitment@phillipsoutsourcing.net using the Job Title as the subject of the mail.