Job Title: Actuarial Officer
Organization: Insurance
Regulatory Authority of Uganda
Regulatory Authority of Uganda
Duty Station: Kampala,
Uganda
Uganda
Reports to: Senior
Risk & Actuarial Officer
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.
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
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
public - 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
organisation.
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:
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:
[email protected]
[email protected]
Deadline: 16th July
2018
2018
NB: Only shortlisted
candidates will be contacted.
candidates will be contacted.
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