Summary
Date Posted: Tuesday, June 25 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Specifications:
Responsibilities:
Collect and Compile Information
• Collect and analyse raw data relating to underwriting, finance and claims to identify trends, patterns, and anomalies to optimize business processes and inform decision making.
• Compile data, information and statistics required for annual actuarial valuations (Partially responsible).
Implement Policies and Procedures
• Implement policies and procedures that keep company data and information secure as it is collected, analysed, stored and discarded.
• Develop and oversee control systems to prevent and deal with violations of the law, policies and procedures. (Partially responsible)

Administer Reinsurance Programs
• Compile statistics and information for treaty renewals and reviews.
• Configure treaty programs into the system.
• Prepare monthly treaty and facultative returns.
• Process reinsurance payments.
• Follow up on reinsurance claims recoveries.
• Participate in reinsurance review meetings. (Partially responsible)

Internal and External Audits
• Examine internal and external audit reports to identify areas of potential risk and submit recommendations for adoption.
• Ensure that external audit work is conducted in time for the submission of annual financial reports to the Pensions and Insurance Authority (PIA) before due dates. Partially Responsible

Review function
• Review internal business proposals, contracts, financial statements, and policy wordings to identify areas of potential risk and submit recommendations to management for adoption.
• Review new regulatory frameworks such as IFRS 17, as well as the Guideline on Corporate Governance for the Insurance Sector and submit recommendations to management for adoption.
• Review calculations relating to solvency and prescribed asset ratios to ensure accuracy.
• Review calculations relating to Insurance Premium Levies to ensure accuracy, completeness, and timely payment to ZRA.
• Review and validate taxes due to ZRA on or before the due dates.
• Review calculations relating to insurance levy to ensure accuracy and completeness. (Partially responsible)

Statutory Compliance
• Ensure timely submission of returns as well as timely payment of levies to the PIA.
• Track and keep a record of all statutory meetings including but not limited to staff Pension Fund Meetings, board meetings and management meetings.
• Enforce, monitor and communicate compliance standards across the company.
• Ensure agents pay their levies on or before due dates as required by the PIA. (Partially responsible)

QUALIFICATIONS
EDUCATION
• Full Grade 12, including Mathematics.

POST SCHOOL QUALIFICATIONS
• Degree in Insurance and Risk Management and /or Degree in Actuarial Science
• Degree in Law is an added advantage

ESSENTIAL SPECIALIST SKILLS OR KNOWLEDGE REQUIRED TO MEET DEMANDS OF THE JOB
• Excellent Communication Skills
• A very good team player
• Analytical and Research Skills
• Problem Solving Skills
• Data analytics skills.
• Excellent organizational skills

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure
• Interested and qualified? Click here to apply

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