Manage the Statutory team and Reinsurance team to deliver work timely and accurate.
Lead and ensure monthly actuarial reporting inputs to the Dashboard have been submitted in accordance with pre-agreed timelines with appropriate comments. The reporting inputs include monthly reserves and earnings results.
Lead and ensure all regulatory returns are submitted on time. These include monthly, quarterly, semi-annual and yearly reporting requirements on reserves, statistics and other data. Ensure compliance with regulations, corporate policy and external auditors in these submissions.
Deal with and satisfy external auditors for Statutory audits.
Deliver the required information to Accounting that allows them to create the Profit & Loss Account by product.
Manage the monthly reinsurance accounts to ensure that erroneous policy records, RI premium , RI commission and RI claim are corrected .Arrange account settlement (quarterly and annually basis) with the reinsurance companies.
Ensure new treaties are coded into LRIS. Engage the LRIS software support team and KTAXA IT when required.
All reinsurance treaties are recorded and updated on ACTOR II as per AXA policy.
Ensure that Accounting accrues reinsurance appropriately in the monthly accounts.
Update the monthly reinsurance dashboard as part of the monthly dashboard
Job Qualification:
At least 7 years life insurance working experience preferably in actuarial valuations or financial reporting.
Experienced in financial reporting standards is a requirement
Good knowledge of Excel and Prophet (or similar packages) is required.
