Insurance Jobs – Actuarial Officer – Insurance Regulatory Authority of Uganda

Job Title:      Actuarial Officer
Organization: Insurance
Regulatory Authority of Uganda
Duty Station: Kampala,
Reports to: Senior
Risk & Actuarial Officer
About US:
The Insurance Regulatory Authority of Uganda is mandated to
regulate, supervise, monitor and control the business of Insurance in Uganda.
Job Summary: The Actuarial Officer will provide
support for evaluating complex risks and assess the probability and potential
financial consequences of risks among licensed insurance players in accordance
with the Insurance Act
Key Duties and Responsibilities: 
  • Verify estimates for
    outstanding claims, IBNR and unearned premiums and other technical
    provisions for insurance Companies.
  • Review Actuarial valuation
    reports and liaise with Consultants and Actuaries on actuarial matters
    including products, valuations, and critical business statistics required.
  • Keenly monitor players in
    the insurance industry to ensure they comply with the provisions of the
    Insurance Act on a risk sensitive basis
  • Review products, premium
    rates and commission rates.
  • Work in liaison with the
    Legal Department, handle complaints from insurance players and the general
  • Collect data from industry
    reports and update the existing actuarial models
  • Provide technical advice
    in view of the Authorities legislation and regulation.
  • Assess re-insurance and
    front the necessary arrangements
  • Carry out any other duties
    assigned from time to time

Qualifications, Skills and Experience: 
  • The ideal candidate for
    the Insurance Regulatory Authority
    of Uganda
    Actuarial Officer job placement must hold a relevant
    Bachelor’s (Honours) degree from a recognized University.
  • Professional qualification
    in Actuarial (at least 4 papers).
  • Three years’ experience in
    insurance preferably claims, underwriting or reinsurance in a reputable
How to Apply:
All suitably qualified and interested candidates should
submit their applications together with copies of detailed up-to-date CVs and
at least three referees to:
Alhaj Kaddunabbi Ibrahim,
Lubega Chief Executive Officer,
Insurance Regulatory Authority of Uganda,
Plot 5 Kyadondo Road, Legacy Towers,
Block B, 2nd Floor,
P.O. Box 22855, Kampala
Email to:
Deadline: 16th July
NB: Only shortlisted
candidates will be contacted.
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