Actuarial Assistant Job Vacancy at Alliance Life Assurance Ltd

Job title: Actuarial Assistant
Department: Actuarial
Location: Dar es Salaam
Reports to:  Actuarial Officer

Alliance Life Assurance Ltd was established in 2010 as the first privately owned Life Insurance Company in Tanzania. The company has spread its sphere of influence throughout the region to become one of the leading insurance and financial services companies in Tanzania providing life insurance solutions to both corporate and individuals. Alliance Life is highly rated in leadership, innovation, customer service, and risk management.

We are currently seeking a motivated Actuarial Assistant to support our actuarial team in various tasks related to data analysis, modeling, and reporting. In this role, you will work closely with experienced actuaries to gain valuable hands-on experience in the insurance and financial services industry. The position will be based in Dar es Salaam.

Key responsibilities include:

·         Data Management: Assist in the collection, validation, and organization of data for actuarial analysis, ensuring accuracy and completeness.

·         Modelling Support: Provide assistance in developing and maintaining actuarial models, including data input, testing, and validation.

·         Report Preparation: Assist in preparing reports and presentations summarizing analysis findings, including updating spreadsheets, charts, and graphs.

·         Documentation: Maintain documentation of actuarial processes, methodologies, and assumptions to ensure compliance with regulatory standards.

·         Research: Conduct research on industry trends, regulatory changes, and emerging technologies to support actuarial projects and initiatives.

·         Collaboration: Collaborate with cross-functional teams to support business objectives and deliver actionable insights.

·         Training and Development: Participate in training programs and professional development opportunities to enhance technical skills and knowledge of actuarial principles

·         Support with the implementation of the IFRS 17 reporting Standard

Qualifications and Experience Required:

·         Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.

·         2 years’ experience in Insurance Operations with at least 1 year of Actuarial experience

·         Progress toward actuarial credentials is preferred; candidate should have a clear roadmap with timelines to achieve Actuarial Qualifications

·         Proficiency in Microsoft Excel

·         Strong analytical and problem-solving skills with a keen attention to detail and accuracy.

·         Excellent communication skills, both verbal and written, with the ability to effectively present findings to team members.

·         Ability to work independently and collaboratively in a fast-paced environment, managing multiple tasks and priorities effectively.

·         Eagerness to learn and develop new skills, with a strong interest in pursuing a career in the actuarial field.

·         Prior internship or work experience in insurance or related fields is advantageous.

General:

Alliance Life Assurance Ltd (ALAL) promotes an equal opportunity workplace and encourages applications from candidates of all backgrounds which includes reasonable accommodations of otherwise qualified disabled applicants and employees. Please contact Human Resources with questions regarding the physical demands of this position.

If you meet the qualifications and are interested in this position, please submit your resume to shamim@alliancelife.co.tz. The deadline for applications is 11^th March 2024. Only shortlisted candidates will be contacted.