Actuarial officer Job Vacancy at Alliance Life Assurance Ltd 2022

Actuarial officer Job Vacancy at Alliance Life Assurance Ltd 2022

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Actuarial officer Job Vacancy at Alliance Life Assurance Ltd.


Job Details


Essential Duties and Responsibilities:


Coordinate with relevant departments in the preparation of valuation data.

Perform monthly calculation of the technical reserves using appropriate actuarial methodology.

Assist in carrying out Pricing, Profit and Sensitivity testing for new or repackaged products.

Review and monitor experience of products to inform decision making.

Perform experience reviews to inform assumptions used in product pricing and actuarial valuations.

Assist with review of appropriateness, adequacy and cost efficiency of reinsurance and underwriting arrangements in place

Perform analysis on industry trends and market to inform decision making on a quarterly basis

Support with the implementation of the IFRS 17 reporting Standard.


Qualifications and Experience Required:

  • Bachelor’s degree in Actuarial Science, Mathematics, or related field.
  • A minimum of 2 completed Professional Actuarial examinations.
  • Over 3 years’ experience in Insurance Operations with at least 1 year of Actuarial experience.
  • Good understanding of Insurance principles and practices in Tanzania.
  • Strong analytical and detailed-oriented aptitude with a high degree of accuracy and attention to details.
  • Ability to self-motivate and work independently and to carry out assignments to completion within parameters of instructions, prescribed methodology, and standard operating procedures.
  • Excellent communication, report writing and interpersonal skills.
  • Excellent planning and organizational skills.
  • Excellent time management skills, must be able to work under pressure and meet deadlines, while maintaining a positive attitude.


Must comply with the policies and procedures of the company.

Ability to portray a high level of integrity and professionalism, including well-groomed appearance.

Actuarial officer Job Vacancy at Alliance Life Assurance Ltd


People who are differently abled (also known as people with disabilities) are highly encouraged to apply for this position. If you are confident that you match the above-mentioned criteria, please send your detailed C.V stating the position in the subject line to: hr@alliancelife.co.tz. Deadline to submit your application is 17h00 on Friday, 17th June 2022. Applications received after the deadline will not be considered. Only shortlisted candidates will be contacted.

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