A progressive life insurance company has an exciting opportunity for enthusiastic and committed insurance professionals to join our dynamic growing team to handle the following role: Actuarial Officer
Job Purpose
This role uses statistical formulas to assess risk by working out the average life expectancy of different demographics to determine the policy premiums each should be charged.
The role involves analyzing data and modeling risk, pricing insurance products and evaluating claims, creating financial projections and budgeting, as well as assessing the financial impact of potential business decisions.
Key ResponsibilitiesHelp ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.
Clean and analyse data, run expense analyses, do profit projections as well as perform experience reviews.
Assist with pricing of insurance products and evaluate claims.
Analyse production information/data gathered, prepare quarterly and annual report findings and make recommendations.
Help compile data for annual actuarial valuation.
Liaise with external Actuaries when necessary for valuation report, actuarial Memorandums on new products etc.
Check computations of interest accrued, premiums due, and settlement surrender on Statements
Help prepare quarterly SDRs to the National Insurance Commissions (Regulator)
Maintain accurate and proper records of the company’s data
Help generate premium rate for unusual businesses.
Monitor existing premium rates to check for premium adequacy and make necessary changes and recommendations
Education Required: First Degree
59 Okodan St, Blue Gate district, Osu, Accra near Papaye, Accra
59 Okodan St, Blue Gate district, Osu, Accra near Papaye, Accra