Summary
Date Posted: Friday, December 30, 2022 , Base Salary: Not Disclosed

JOB DETAILS:

PURPOSE
Provide support for evaluating complex risks and assess the probability and potential financial consequences of risks among licensed insurance players in accordance with the Insurance Act.

DUTIES AND RESPONSIBILITIES
1. Participate in activities aimed at implementation of Risk Based Supervision.
2. Update actuarial models at the Authority.
3. Verify estimates for technical provisions for insurance Companies.
4. Monitor insurance companies investments to ensure they are compliant with the standing Investment Guidelines.
5. Review Actuarial valuation reports a and liaise with Consultants and Actuaries, on actuarial matters including products, valuations, and critical business statistics required.
6. Monitor insurance companies compliance with the provisions of the Act in aspects such as capital adequacy/solvency, investment etc.
7. Review new/modified insurance products, accompanying premium rates, Commission rates. 8. Participate in actuarial surveys/research.
8. Carry out any other duties assigned from time to time.

KEY PERFORMANCE INDICATORS
1. Timely submission of reports.
2. Updated actuarial models.
3. Accurate costing of products.

PERSON SPECIFICATIONS
Qualifications
At least a Bachelor's (Honours) Degree in Actuarial Science, Mathematics, Statistics, Economics, Accounting, Computer Science or its equivalent from a reputable higher institution of learning.
Competencies and Knowledge
1. Practical actuarial valuation and pricing skills.
2. Personal presentation
3. Analytical skills
4. Communication skills
5. Interpersonal skills


Job Experience: No Requirements

Work Hours: 8

Level of Education: Bachelor Degree

Job application procedure

Interested candidates who meet the criterias should submit their applications together with copies of detailed up-to-date CVs and at least three referees, not later than 5:00 pm on 30th January 2023
to:
The Chief Executive Officer
Insurance Regulatory Authority of Uganda
Plot 6 Lumumba Avenue, Insurance Tower
P.O. Box 22855, Kampala

Or emailed to:
vacancies@ira.go.ug 
ONLY SHORTLISTED CANDIDATES WILL BE CONTACTED


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