ACTURIAL ANALYST – ipec 177 views

VACANCY 

ipec

Actuarial Analyst

Applications are invited from suitably qualified and experienced persons to fill the following post which have arisen within the Insurance and Pensions Commission.

ACTUARIAL AND AML DEPARTMENT

Actuarial Analyst

Duties and Responsibilities include:

• Review of actuarial reports from the industry, including those for proposed new products

• Assess financial statements, to evaluate profitability, adequacy for liabilities, and proper application of relevant actuarial and current IFRS standards.

• Evaluate insurance arrangements to determine risk transfer effectiveness, alignment with regulatory expectations, and market prudence.

• Assess actuarial matters during onsite examination of insurance companies

• Provide support to core department on various technical actuarial issues

• Support the training of IPEC personnel across industry on actuarial matters

• Contribute to the analysis and communication of key insights on the Zimbabwean Insurance and Pensions industry.

• Participate actively in projects being undertaken

• Exploring and expanding actuarial knowledge to emerging wider fields of Actuarial practice that are relevant to the regulation in the local industry.

• Cultivate and maintain effective liaison with key internal and external stakeholders and provide regular feedback to management

Required competencies and capabilities

• Sector knowledge: Basic knowledge of the industry, its services, products, concepts, challenges and regulatory environment.

• Acts and regulation awareness: appreciation of relevant Acts, regulations, circulars, directives, guidelines, regional and international best practices.

• Technical knowledge: must have insurance and pension, professional and technical skills

• Analytical thinking: ability to identify, assess, absorb and interpret relevant information and statistics

• Research capability: ability to conduct research, benchmark, interrogate issues, synthesise and make appropriate recommendations.

• Report writing: ability to write concisely, logically and appropriately for different audiences.

• Presentation: ability to present effectively and confidently in groups, committees and conferences.

Qualifications and Experience

The ideal candidates should have the following qualifications and experience:

• A numerical degree preferred in Actuarial Science, Statistics, Mathematics, Economics, Risk Management, Data Science or equivalent from a reputable university; and

• Demonstrable progress towards Actuarial Fellowship, with a minimum of 2 actuarial passes attained from a recognised professional Actuarial body;

• Intermediate experience in R and Python will be an added advantage.

• At least two years of relevant experience within the financial services sector. However, if you can demonstrate that you have relevant transferable skills from any role or sector (especially in wider fields of actuarial practice), this can be looked upon favourably.