Job Description
Job Duties and Responsibilities:
- Support the initiation and development of new product concepts, including the preparation of technical specifications.
- Develop cash flow models required for calculating premium rates in accordance with regulatory reporting requirements.
- Derive long-term projection pricing assumptions based on SLICLL-specific experience and economic data.
- Prepare actuarial pricing certificates, including sensitivity testing results, to ensure financial accuracy.
- Coordinate the peer review process for cash flow projection models and pricing certificates with the external actuary.
- Contribute to the development of life policy administration system specifications for new products.
- Assist in financial review of incentive schemes and changes to existing incentive schemes of personal lines and bancassurance sales channels.
Qualifications & Prerequisites:
Senior Analyst:
- Undergraduate degree in actuarial science, mathematics, statistics, data science, physics, chemistry, finance, economics, risk management, decision science, engineering, computer science, or similar discipline.
- Progression in Masters’ degree in actuarial science or completion of at least one subject in a professional qualification framework of an internationally recognized actuarial institute.
- At least one year of working experience in actuarial or related profession.
- Age preferably below 35 years.
Analyst:
- Undergraduate degree in actuarial science, mathematics, statistics, data science, physics, chemistry, finance, economics, risk management, decision science, engineering, computer science, or similar discipline.
- Previous experience in Actuarial or related profession will be an added advantage.
- Age preferably below 35 years.
If you believe you possess the above qualifications & experience, send in your CV along with the names of two non-related referees within 07 days of this advertisement to the address given below, stating the post applied for on the top left corner of the envelope or email to careers@sliclife.com stating the post applied for on the subject line.
HR DEPARTMENT
Sri Lanka Insurance Life, No 21, Vauxhall Street, Colombo 02.
Company Registration Number: PB 286362