Senior Actuarial Analyst - Capital & Reserving at MiWay Insurance Limited

• The role provides exposure to a broad spectrum of corporate actuarial and risk management work. The individual will also engage with senior management, the HAF and external parties.

Qualifications and Experience
Minimum qualification required

• Bachelor’s degree in Actuarial Science.
• Good progress towards qualifying as an AMASSA and / or FASSA.

Minimum experience required

• Three (3) years’ experience in the short-term insurance industry.
• Capital modelling or IBNR reserving experience.

What will make you successful in this role?
Deliverables include, but will not be limited to:

• Capital Modelling: Reviewing Standard Formula Model under SAM. Ensuring the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of the capital requirements. Calculating shareholder distributions. Regularly reviewing the actuarial projections.
• Reserving: Reviewing the calculation of technical provisions as required, including data sourcing, sense checking the data / results and investigating anomalies.
• Risk Management: Providing support to the risk management function including the ORSA, Risk Appetite Statements and Risk Strategy. Periodically reviewing actuarial-related policies.
• Supporting the approval process of product amendments and new products.
• IFRS17 development and implementation.
• Aiding with the internal and external auditing processes.
• Reinsurance modelling and renewals.
• Mentoring and managing junior team members.

Competencies and skills required:

• Microsoft SQL, Excel and Word proficiency.
• Strong technical and communication skills.
• Great work ethic and highly motivated.
• Attention to detail.
• Ability to meet deadlines and give regular updates on progress.
• One (1) year management experience.
• Experience with SAM, ORSA and IFRS17 will be advantageous.
• An understanding of reinsurance workings will also be beneficial.

Knowledge and Skills

• Actuarial Problem Solving
• Issues management
• Business knowledge
• Business analysis

Personal Attributes

• Self-development - Contributing independently
• Interpersonal savvy - Contributing independently
• Nimble learning - Contributing independently
• Tech savvy - Contributing independently

Core Competencies

• Cultivates innovation - Contributing independently
• Customer focus - Contributing independently
• Drives results - Contributing independently
• Collaborates - Contributing independently
• Being resilient - Contributing independently