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The successful candidate will support the underwriting, pricing and reporting functions of the Regional Office, within the Corporation’s overall policies and guidelines, and consistent with the highest standards of technical rigor and client service.
Job Responsibility
Support pricing and profitability analysis for facultative and treaty reinsurance business
Assist in the analysis and validation of underwriting statistics, exposure data, claims triangles and other datasets
Support the development and maintenance of actuarial and pricing models using advanced Microsoft Excel techniques and other tools
Support the design, development and maintenance of data dashboards and management reports
Assist Underwriters in pricing specific lines of business, particularly Medical, Agriculture, Engineering or related specialty risks
Participate in experience studies and research work relating to pricing assumptions, reserving inputs, risk trends
Support the Underwriting team during treaty renewals
Accurately process underwriting data within the Corporation’s reinsurance administration (SICS) and reporting (BO) systems
Prepare regular and ad-hoc statistics, production and performance reports for Management
Assist in reconciling technical results with Finance and Technical Accounting teams
Support marketing and client engagement activities
Maintain well-organized electronic records of analytical models, statistics, reports and supporting documentation
Keep abreast of developments in data analytics, insurance and reinsurance markets
Carry out any other duties assigned by the Supervisor
Requirements
A First University Degree in Actuarial Science, Statistics, Mathematics, Data Science, Economics, Engineering or a related quantitative discipline
At least 4-5 years of relevant practical experience in underwriting, statistics, actuarial, pricing, analytics or reporting role within an insurance or reinsurance company
Progress towards relevant professional qualifications will be a strong advantage
Nationals of one of the 42 member States of Africa Re
Strong written and oral communication skills in English
A good working knowledge of the second language (French) shall be an added advantage
Knowledge of the East African insurance or reinsurance market will be an added advantage
Nice to have
Exposure to Medical, Agriculture or specialty lines pricing and reporting will be an added advantage
A good working knowledge of the second language (French) shall be an added advantage
Knowledge of the East African insurance or reinsurance market will be an added advantage
Progress towards relevant professional qualifications will be a strong advantage
What we offer
Competitive Basic Salary on the Corporation’s Support Staff Grade Level
Variable Pay (Annual Performance Bonus)
Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the Employer)
Children's Education Subsidy for each child up to 26 years (maximum 4 children)