Senior Risk & Actuarial Officer
Kampala, Uganda * Full-time
Insurance Regulatory Authority of Uganda
Administration
Total Positions:
Location: Kampala, Uganda
Full-time
Salary: not mentioned
Posted 1 year ago
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.
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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