Job Openings at Law Union and Rock Insurance Plc for Actuarial Officers

Law Union & Rock is one of the first generation Insurance Companies to open office in Nigeria six decades ago. We began operations in Nigeria in 1951 as a Chief Agency when the late Sir Mobolaji Bank-Anthony held the power of Attorney for Royal International Insurance Holding, a U.K leading Insurance Company [the first Nigerian to have such authority]. We are recruiting to fill the position below: Job Title: Actuarial Officer Location: Lagos Job Description Detailed understanding of economic, financial, demographic and insurance risks and expertise in:

• Developing and using statistical and financial models tinform financial decisions;
• Pricing, establishing the amount of liabilities, and setting capital requirements for uncertain future events.
• The development and application of models thelp solve complex financial problems
• Establishing premiums, policy and claim liabilities, and appropriate capital levels.
• Establishing estimates for unpaid claim liabilities, unearned premium and other estimated liabilities (technical reserves) and certifications
• Internal modeling, including stochastic asset-liability modeling
• Strategic asset management and capital management
• Enterprise Risk Management (ERM)
• Advising on setting company risk appetite and risk limits
• Creation of financial condition reports
• Building company risk models
• Insurance product premium pricing
• Reinsurance program design and management
• Underwriting policy definitions
• Solvency calculations and reports
• Evaluating impact of acquisition on risk profile
• Performing stress tests

• A first degree, at least a second class upper honours, in Actuary Science, Statistics, Mathematics or any related discipline.
• An actuarial professional qualification (or in view) will be an added advantage.