Actuary Personnel - Lagos, Nigeria - Phillips Outsourcing Services Nigeria Limited
Description
ABOUT THE COMPANY
hillips Outsourcing Services Nigeria Limited has been in existence for over 13 years. We have a vast experience in the outsourcing business as we currently manage resources for major clients in all sectors of the Nigerian economy. In addition, our prolific manpower cuts across the 36 states in Nigeria. Our framework is developed to fully support the businesses of our clients, ensuring continuous improvement of the outsourced services. This ultimately thrusts our clients in achieving their business objectives.
JOB SUMMARY
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.
RESPONSIBILITIES
Responsiblities 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
REQUIRED SKILLS
Reporting, Analytics, Risk analysis, Handling claims
REQUIRED EDUCATION
Bachelor's degree