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 [email protected] 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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