Assistant Manager- Actuarial Job APA Life Assurance

Insurance Jobs. APA Life Assurance Jobs. Assistant Manager – Actuarial managing actuarial reporting and pricing, requiring a Bachelor’s degree in Actuarial Science with 8+ years actuarial experience in life insurance and progress toward actuarial qualification (10+ papers), in an insurance environment, on-site role.

Key Responsibilities

Financial & Regulatory Reporting

• Production and review of IFRS 17 valuation results and associated disclosures.
• Production and Review of statutory filings in accordance with Insurance Regulatory Authority (IRA), and Management Reports for internal consumption (VNB, VIF, EV, etc).
• Collaborate with finance to align actuals vs budget and improve monthly close efficiency.

Experience Monitoring

• Perform periodic claims experience analyses to guide pricing, reserving assumptions, and give recommendations for management actions.

Capital Modelling

• Run capital adequacy assessments under local solvency regulations. Produce Capital Adequacy reports with recommendations to management.

Pricing & Product Development

• Pricing of new individual and group life products, ensuring alignment with profitability, competitiveness, and regulatory standards.
• Enhance pricing tools and profitability testing models.
• Develop bespoke schemes for corporate clients, affinity groups, and pension providers.

Budgeting & Strategy Actuarial Inputs

Provide Actuarial results towards IFRS 17 Budgets and assist in five-year business planning with actuarial projection models. Work closely with the Finance team to ensure these processes are a success.

ACADEMIC QUALIFICATIONS

• Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage

JOB SKILLS AND REQUIREMENTS

Technical Skills

• Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excell Skills, Excel VBA, Python, R, etc).
• Advanced analytical skills and business insight.
• Familiarity with Power BI or other dashboarding tools is a plus.

Behavioural Attributes

• Strong attention to detail and a commitment to accuracy.
• Able to manage multiple deadlines and priorities under minimal supervision.
• Effective communicator—both written and verbal—with stakeholders at all levels.
• Mentorship mindset and a collaborative team player.

Qualifications

• Progress toward actuarial qualification (minimum: 10 papers).

Experience

• Minimum 8 years actuarial experience in life insurance.
• Strong experience in IFRS 17 valuation and reporting.
• Experience in calculating VIF, VNB and Embedded Value.
• Understanding of Asset-Liability Management Process.

How to Apply

Click Here to Apply