Senior Actuary Job Vacancies – African Trade Insurance Agency (ATI)

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Job Title:  Senior Actuary

Organisation:
African Trade Insurance Agency (ATI)

Duty Station:  Uganda

Reports to: Chief
Risk Officer

About US:

The African Trade
Insurance Agency (“ATI”) is a pan-African multilateral financial institution
established in 2001 by African States. ATI was originally launched with the
technical and financial support from the World Bank Group and has had more
recent support from the African Development Bank.

Job Summary:  The Senior Actuary will also support both the Finance and the Underwriting departments
and will help on risk analysis, stress testing, reserving, pricing and
implementation of IFRS17.

Key Duties and Responsibilities: 

·       Develop or
improve claims reserving methodologies

·       Develop and
maintain a reliable statistical database

·       Develop a
stress-testing model and conduct regular stress tests

·       Prepare monthly,
quarterly and annual reports

·       Develop or
improve ATI’s pricing model and monitor pricing adequacy for ATI’s overall book
of business

·       Assist with
presentation of rate impacts to
key stakeholders including senior management and ATI’s major accounts

·       Help optimize
ATI’s reinsurance program

·       Establish and
document actuarial procedures and methodologies

·       Provide data,
analysis and support to various external and internal customers; including auditors, reinsurers and reinsurance
brokers, when required

·       Stay abreast of
trends and innovations in the actuarial profession related to pricing,
reserving, credit and related
areas

·       Develop a
thorough understanding of IFRS
17 requirements from both an actuarial and accounting perspective

·       Advise and
provide the necessary support on the IFRS 17 implementation project and
proactively participate in the
implementation of an IFRS 17 tool

·       Coach other
staff on the use and interpretation
of standard actuarial procedures in the risk, underwriting, claims and finance
departments

Qualifications, Skills and Experience:

·       The ideal
candidate must be a  Qualified Actuary

·       At least  6-8 years of experience in actuarial field,
including supporting actuarial reserving, pricing or financial modeling in the financial sector,
related to Corporate or Commercial Insurance. This experience period may
include some time spent completing the qualification process

·       Experience
obtained in corporate or commercial banking or Insurance firms

·       A combination of education and experience
demonstrating the knowledge, skills and abilities required to perform the work
will also be considered

·       Familiarity with
appropriate data analytics tools

·       Ability to
deliver timely, organized and consistent results

·       Strong
communication and interpersonal skills

·       Written and oral
English is pre-requisite

·       French language
proficiency is an added advantage

How to Apply:

Please submit the following to
recruitment@ati-aca.org

  • An Application Letter (cover letter)
  • CV including details of your current remuneration
    package along with details of three referees
  • Personal History Form, Click Here
  • Candidates are expected to be completely
    fluent in English therefore all applications must be submitted in English
    only

NB: Please
note that once your application is submitted, ATI will only contact
short-listed candidates. ATI does not accept unsolicited job applications.

Deadline:  11th
July 2020 at 5:30 pm

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