Actuarial Officer Job Opportunities – Statewide Insurance Company Limited (SWICO)

Job Title:    Actuarial Officer

Organisation: Statewide Insurance Company Limited (SWICO)

Duty Station:  Kampala, Uganda

Reports to: Actuarial Manager

 

About US:

Statewide Insurance Company Limited is a Ugandan based Leading Insurance Company with branches all over the Country.

 

Job Summary:  The Actuarial Officer will analyze data and statistics on risks and accidents and make predictions to ensure SWICO makes sound decisions.

 

Key Duties and Responsibilities:

  • Undertake risk assessment through provision of authentic and dependable data and analysis on risks and accidents
  • Analyze statistical data on all insurable risks and accidents
  • Computer modelling of statistics to determine potential risks
  • Preparing presentations and reports on risks and accidents
  • Communicating findings to clients, managers and stakeholders
  • Ensure premium rates are set accurately
  • Review all company and client data before it is presented and check that is well in order
  • Meet with the clients and understand what kind of statistics and data is required by them regarding their insurance products
  • Meet with the heads of department on regular basis and have to provide them all the actuarial figures
  • Review the performance of the actuaries and the accuracy of the analysis and predictions
  • Keeping abreast of financial developments in the insurance business world

 




Qualifications, Skills and Experience:

  • The applicant must hold a Bachelor’s degree in mathematics, actuarial science, statistics, economics, finance or other analytical field. Master’s degree in insurance, finance, business, economics and any related area
  • Certificate in financial analysis, modeling or analytical field
  • At least five years of experience in financial modeling or analytical field preferably in the service industry or non-life insurance sector, with 2 the years at supervisory or senior level
  • Thorough knowledge of risk analysis, finance, modeling or analytical
  • Critical thinking and high analytical skills
  • Excellent interpersonal skills
  • Strong communication skills
  • Demonstrable computer skills with the knowledge of website design.
  • High level of integrity
  • Proven ability in administrative and financial management
  • Ability to work with minimum supervision

 

How to Apply:

All interested persons can deliver applications, detailed curriculum vitae and copies of academic qualifications with two referees addressed to:

 

The Human Resource Manager,

Statewide Insurance Company Limited,

Plot 1, Bombo Road,

P.O. Box 9393

Kampala – Uganda.

 

The applications should reach SWICO Head office or email their CV to hr@swico.co.ug with the subject title of “Actuarial Officer Application”.

 

NB: Please note that only shortlisted applicants will be contacted. If you do not hear from us within two weeks of submission, please consider yourself unsuccessful.

 

Deadline: Friday 15th July 2022

 

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