Job Information Actuarial Analyst Company Information
Contact Name
Contact Email
Job Information
Job Type Full-time
Department Sagicor Group Jamaica Ltd.
Category Computer/IT
Posted 16-04-2024
Job Status
Start Publishing 16-04-2024
Stop Publishing 22-04-2024
[Kingston,Jamaica ]
"Looking for a diverse and rewarding career?
If you're looking to grow your career within a stable and growing financial services company, then Sagicor may be right for you!"
Sagicor Group Jamaica Limited is seeking a suitable candidate to join our Corporate Actuarial team in the capacity of: Actuarial Analyst
Location: Kingston
As an Actuarial Analyst, you will
  • Assist the Actuary with monitoring and analyzing the performance of the group insurance portfolio, as well as assist with any computations in respect of new and existing products.
  • Assist the Actuary in providing support to the Employee Benefits operations:
  • Review costings done by the Underwriting department.
  • Prepare Budget for Employee Benefits lines of business.
  • Run stress testing scenarios.
  • Complete year end and quarterly valuations and reporting.
  • Develop premium rates for the company’s existing employee benefits products.
  • Conduct experience studies and the setting of pricing assumptions for the Underwriting department.
  • Work with IT in preparing reports that will assist with Actuarial Analysis.
  • Prepare detailed documentation of procedures utilized in completing assignments.
  • Prepare Financial Services Commission schedules.
  • Complete experience analysis.
  • Prepare monthly reserves for Sagicor Life, Sagicor Cayman, Sagicor Costa Rica, Sagicor
  • Panama and the government portfolio.
  • Prepare monthly conservation analysis of the group health and life portfolios.
  • Conduct monthly trend analysis on the group health portfolio.
  • Prepare completion factors for the Underwriting department.
  • Perform other related duties assigned from time to time.
What do you need?
  • Bachelor’s degree in Actuarial Science or Mathematics from a recognized tertiary institution.
  • Has passed a minimum of one (1) exam conducted by the Society of Actuaries (SOA) or
  • Institute and Faculty of Actuaries (IFoA).
  • At least one (1) year working experience required, preferably with some in a business/ computing environment.
  • Excellent mathematical, research, analytical and problem-solving skills.
  • Knowledge of the general and technical operations, practices and principles of a life insurance company and its related business lines, in particular employee benefits.
  • Good organizing and leadership skills.
  • Good interpersonal and communication skills.
  • Sound knowledge of computer software packages including word processing and spreadsheet applications.
  • Detail oriented.
If this role is of interest to you, kindly submit an application via Sagicor's career portal no later than April 21, 2024.
While we appreciate all applications, only shortlisted candidates will be contacted.
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