Job Description
Title: Head of Actuary
Company Name: Sonali Life Insurance Company Limited
Vacancy: 01
Location: Dhaka (Malibag Abul hotel)
Salary: Negotiable
Experience:
∎ At least 5 years
∎ The applicants should have experience in the following business area(s):Insurance
Published: 4 Feb 2025
Education:
∎ Bachelor’s degree in Mathematics/ Statistics/ Finance.
∎ Masters/Diploma in Actuarial Science.
∎ Must have passed at least 1-3 actuarial exams conducted by recognized bodies such as the Institute and Faculty of Actuaries (IFoA), UK, SOA.
∎ Bachelor’s degree in Mathematics/ Statistics/ Finance.
∎ Masters/Diploma in Actuarial Science.
∎ Must have passed at least 1-3 actuarial exams conducted by recognized bodies such as the Institute and Faculty of Actuaries (IFoA), UK, SOA.
Requirements:
Additional Requirements:
∎ Minimum 5 years of experience in an actuarial role within the life insurance sector.
∎ Proficiency with actuarial software and tools is preferred.
∎ Strong skills in statistical and financial modeling.
∎ Advanced proficiency in Microsoft Office applications.
∎ Minimum 5 years of experience in an actuarial role within the life insurance sector.
∎ Proficiency with actuarial software and tools is preferred.
∎ Strong skills in statistical and financial modeling.
∎ Advanced proficiency in Microsoft Office applications.
Responsibilities & Context:
∎ Conduct actuarial valuations and risk assessments for life insurance products.
∎ Develop and maintain pricing models for new and existing insurance policies/Products.
∎ Analyze financial data to ensure company solvency and compliance with regulatory requirements.
∎ Provide recommendations for product design and premium structures based on market research.
∎ Collaborate with underwriters, data analysts, and senior management to align actuarial strategies with business objectives.
∎ Prepare reports for internal and external stakeholders, including regulators.
∎ Monitor trends in mortality, morbidity, and investment returns to enhance actuarial assumptions.
∎ Analyze statistical data and expenses to forecast future risks and liabilities.
∎ Develop and refine life insurance products to meet market demands and regulatory requirements.
∎ Monitor and evaluate financial performance to ensure long-term sustainability.
∎ Advise management on risk management and investment strategies.
∎ Conduct actuarial valuations and risk assessments for life insurance products.
∎ Develop and maintain pricing models for new and existing insurance policies/Products.
∎ Analyze financial data to ensure company solvency and compliance with regulatory requirements.
∎ Provide recommendations for product design and premium structures based on market research.
∎ Collaborate with underwriters, data analysts, and senior management to align actuarial strategies with business objectives.
∎ Prepare reports for internal and external stakeholders, including regulators.
∎ Monitor trends in mortality, morbidity, and investment returns to enhance actuarial assumptions.
∎ Analyze statistical data and expenses to forecast future risks and liabilities.
∎ Develop and refine life insurance products to meet market demands and regulatory requirements.
∎ Monitor and evaluate financial performance to ensure long-term sustainability.
∎ Advise management on risk management and investment strategies.
Skills & Expertise:
Compensation & Other Benefits:
∎ Mobile bill, Provident fund, Gratuity, Insurance, Weekly 2 holidays
∎ Salary Review: Yearly
∎ Festival Bonus: 2
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka (Malibag Abul hotel)
Company Information:
∎ Sonali Life Insurance Company Limited
∎ 68/B, DIT Road, Malibag Chowdhurypara, Dhaka-1219
∎ Life Insurance
Address::
∎ 68/B, DIT Road, Malibag Chowdhurypara, Dhaka-1219
∎ Life Insurance
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 22 Feb 2025
Category: Bank/Non-Bank Fin. Institution
