Actuarial Analyst - Life

Roles and Responsibilities

• Assist in the monthly calculation of life technical reserves for each line of business by analyzing policy data, applying actuarial models, and ensuring compliance with actuarial and accounting standards.
• Support the valuation of Embedded Value and Value of New Business for each line of business by applying actuarial techniques, financial models, and policy data to evaluate profitability and long-term sustainability.
• Support the preparation and submission of quarterly and annual actuarial reports to the Financial Regulatory Authority (FRA), ensuring accuracy and compliance with regulatory requirements.
• Assist in performing experience studies (e.g., mortality, lapse, expense) to support the development and refinement of actuarial valuation assumptions.
• Support the calculation of liability projections for the quarterly Asset-Liability Management (ALM) exercise by modeling future cash flows and analyzing duration and cash flow matching to ensure alignment with backing assets and support financial stability.
• Support the maintenance and enhancement of actuarial models (e.g., Prophet, Excel-based tools) used for reserving and financial projections.
• Support life insurance IT system developments by providing actuarial expertise through data requirement analysis, validation of system outputs, and resolution of data inconsistencies to improve accuracy and operational efficiency.
• Monitor investment fund prices and assess required cash injections on a bi-weekly basis to ensure sufficient asset backing for liabilities.

Pre-requisites (Education, Professional Experience)

• 1 – 3 years of experience preferably in life insurance valuation, reserving.
• Bachelor’s degree in actuarial sciences or a related field
• Pursuing Actuarial exams through the Institute & Faculty of Actuaries (UK) or the Society of Actuaries (USA) with key progress made in core technical subjects or their equivalent
• Exposure to valuation & reserving is preferred