Actuarial Manager – Life Uganda
Kampala, Uganda * Full-time
Old Mutual Assurance Uganda Limited
Insurance
Total Positions:
Location: Kampala, Uganda
Full-time
Salary: not mentioned
Posted 1 year ago
Overview
Ensure provision of Actuarial Services to Old Mutual Assurance Uganda Limited by working closely with Group Functions to meet business needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management.
Conduct accuracy checks, and analyses data to draw conclusions and make recommendations.
Generate actuarial reports on various technical issues to Group Actuary, Senior Management and Board of Directors.
KEY DUTIES AND RESPONSIBILITIES
• Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations, analysis of profitability/surplus, calculation and analysis of embedded value using Prophet and MS Excel.
• Audit Support: Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report.
• Product Profitability Review: Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions and product development.
• Solvency and Capital Management: Carry out solvency computation for the entity on a risk-based capital basis including solvency stress tests.
• Financial Modelling: Assist with financial modelling of business scenarios/projects to inform business decision making.
• Strategy and Business Planning Support: Assist with business planning financial projections and solvency projections. Perform stress and scenario analysis on the plan numbers.
• Reinsurance Support: Carry out a reinsurance analysis to explore ways to optimize on reinsurance arrangements.
• Reporting and Documentation: Presentation of results and reports to the board committees. Preparation of Board Papers and regulatory solvency and valuation reports.
• Risk Management Support: Assist the Business and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate.
• Investment Strategy Support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies the business.
• Other Responsibilities: Other reasonable duties that may be assigned by Executive management and Board.
QUALIFICATIONS / SKILLS
• Familiar with the current Insurance Regulations of Uganda, Capital markets and Central Bank regulations.
• Exposure to other prudential regulations in other Eastern and Southern Africa markets is an added advantage.
• Strong actuarial technical skills.
• Good understanding on the application of IFRS 17 Insurance Contracts accounting standard.
• Knowledge of Prophet Software or other reserving software.
• Strong analytical and reporting skills.
• Strong data programming skills.
• Demonstration of strong team management skills.
• Good stakeholder engagement skills.
• Qualifications
• Bachelor of Actuarial Science or other related finance or mathematics degree.
• Minimum 6 years actuarial experience.
• Actuarial Knowledge: Qualified actuary or nearly qualified with a minimum of 10 papers having been sat and passed.
• Education: Bachelors Degree (B): Actuarial Science (Required).
• Skills
• Actuarial Services, Audit Support, Business, Business Decisions, Business Needs, Capital Management, Decision Making, Drawing, Embedded Value, Executive Relationship Management, Exploration, Financial Modeling, Investment Strategies, Management Support, People Management, Product Profitability, Profitability, Profitability Analysis, Reinsurance, Risk Management, Scenario Analysis, Solvency, Strategic Support.
• Competencies
• Balances Stakeholders
• Builds Networks
• Business Insight
• Collaborates
• Communicates Effectively
• Cultivates Innovation
• Decision Quality
• Drives Results
HOW TO APPLY
Closing Date: 15 May 2025, 23:59
Note: Application procedure not specified in the ad. Only shortlisted candidates will be contacted.
CLICK HERE TO APPLY
Deadline: Expired
Related Jobs
NIC Insurance
Deadline: 20 Nov 2026
ICEA Lion
Deadline: Open until filled
SANLAM
Deadline: Open until filled
SANLAM ALLIANZ INSURANCE (U) LTD
Deadline: Open until filled
NIC Insurance
Deadline: 19 Nov 2026
NIC Insurance
Deadline: 20 Nov 2026
NIC Insurance
Deadline: 20 Nov 2026
Jubilee Insurance
Deadline: Open until filled
SANLAM ALLIANZ
Deadline: 27 Nov 2026
Sanlam Allianz
Deadline: 20 Nov 2026
BAMZEE Engineering
Deadline: Closing soon
Ideon Limited
Deadline: Open until filled
Platinum Credit
Deadline: 20 Nov 2026
ZOA Uganda
Deadline: 24 Nov 2026
Dr. Denis Mukwege Foundation
Deadline: 01 Dec 2026
Kampala Nile Resort – Seeta, Mukono
Deadline: Open until filled
British Council Uganda
Deadline: 23 Nov 2026
Medical Teams International Uganda
Deadline: Open until filled
MARU Credit
Deadline: 23 Nov 2026
Marriott Hotel Kampala
Deadline: Open until filled
Interactive Communications
Deadline: Open until filled
Utopia Thrive
Deadline: 30 Jan 2027
Vivo Energy
Deadline: 20 Nov 2026
International Justice Mission
Deadline: Open until filled
Lapaire
Deadline: 20 Nov 2026
KCB Bank Uganda
Deadline: 20 Nov 2026
Backbone Uganda
Deadline: Closing today
Lyca Mobile Uganda
Deadline: 20 Nov 2026
UNIFI
Deadline: Closing today
Lyca Mobile Uganda
Deadline: 20 Nov 2026