Actuarial Executive at AAR Insurance

Key Responsibilities

• Computation of reserves including IBNR, IBNER, Outstanding claims reserves, as input into management reports and for use in supervision of solvency
• Performing continuous data accuracy assessments to ensure accurate and up to date data is used by the team.
• Preparation of various underwriting reports i.e Quarterly claims analysis reports, calculating loss ratio per client to establish their performance prior to renewal together with the pricing and statistics team.
• Supporting marketing team in Product development by identifying the consumer needs and developing required products and enhancements.
• Initiate continuous review and enhancements of underwriting and valuation processes and manuals with reference to best practices in the line of business.

Education, Experience & Competencies

• Holder of a degree in Actuarial Science or with a bias in Mathematics.
• Possess at least 2 years relevant experience.
• Must have passed at least six (6) actuarial professional papers.
• Have a good understanding of the concepts of Medical and non-medical Insurance.
• Proficient in the use of Microsoft office suite and packages.
• Knowledge in R programming or VBA, and use of any business intelligence tool will be an added advantage.
• Strong analytical and problem solving skills.