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Senior Risk & Actuarial Officer

Kampala, Uganda * Full-time
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Insurance Regulatory Authority of Uganda

Category: Administration Total Positions: Location: Kampala, Uganda Full-time Salary: not mentioned Posted 1 year ago
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KEY DUTIES AND RESPONSIBILITIES
• Participate in developing and eventually updating tools to aid the adoption and implementation of Risk-Based Supervision. • Participate in the development, validation, and update of actuarial models. • Participate in monitoring insurance companies’ compliance with the provisions of the Act in aspects such as capital adequacy/solvency, investment, etc. • Review actuarial valuation reports, risk management reports, and company models. • Review products, premium and commission rates, and adequacy of technical provisions. • Participate in the development and review of technical guidance for the industry on risk management and actuarial aspects and monitor industry compliance with actuarial standards of practice. • Participate in scenario and stress testing. • Participate in actuarial research/surveys and analysis of industry data. • Update the risk dashboard.
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QUALIFICATIONS / SKILLS
• Bachelor’s (Honours) Degree in Actuarial Science or related field or its equivalent. • Professional qualification in actuarial is an added advantage. • Knowledge of the insurance business is a must. • Experience • At least 5 years of working experience in insurance. • 3 years’ experience in an actuarial role is an added advantage. • Business Behavior • Analytical skills • Risk management • Communication skills • Interpersonal skills • Reinsurance audit skills • Practical actuarial valuation and pricing skills
HOW TO APPLY
Interested candidates with the above requirements should submit their applications with copies of detailed up-to-date CVs and at least three referees, not later than 5:00 pm on 6th June 2025 to: The Chief Executive Officer Insurance Regulatory Authority of Uganda Plot 6 Lumumba Avenue, Insurance Tower
Deadline: Expired
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