Vacancies at Jubilee Insurance

Job Ref. No: JAML008

Role Purpose

• The Manager, Business and Software Systems is responsible for identifying and implementing application solutions to solve business problems and to make business operations more efficient in line with the organization’s strategy. The individual is responsible for designing, developing, testing, and debugging new functionality, enhancements, customizations, interfaces, batch processes, queries, and reports.
• The role holder will work with stakeholders from all business units and related third parties to define and document business processes and software requirements for technology initiatives, including online products, content management systems, and business information systems. The role holder will also assist with the business case, planning and monitoring, eliciting requirements, translating, and simplifying requirements.

Main Responsibilities
Strategy:

•  Partner with other business areas within the business to understand application requirements and develop programming specifications for development.
•  Build a standards-driven, scalable, secure, and dynamic portal for the information delivery of specific business products.
•  Develop and implement strategic plans for system analysis, aligning with the organization's overall objectives and the unique needs of the industry.
•  Identify opportunities for system improvements and enhancements to support business growth.
•  Collaborate with cross-functional teams to define and execute system analysis strategies tailored to the organization.

Operational:

•  Capture, log, and track applications issues and develop resolutions in the specified timeframes. This includes liaising with system vendors if the system is vendor supported.
•  Develop enhancements, resolve issues, coordinate testing of statement releases and oversee regular production efforts including data extracts, data imports and printing.
•  Conduct new functionality and regression tests, determine and report issues for follow-up.
•  Participates in creating new products and services where technology is concerned.
•  Contributing to smooth business operations.
•  Working on identifying the project risk and planning mitigation action with the project managers during project implementation.
•  Reporting to the stakeholders on the progress of the development of the different applications
•  Manage and lead a team of system analysts and software developers ensuring the timely and accurate completion of system analysis projects.
•  Conduct thorough analysis of existing systems and processes, identifying gaps, inefficiencies, and opportunities for optimization.
•  Collaborate with stakeholders, business units, IT, and external vendors, to gather requirements, define system specifications, and develop solutions to address business needs and regulatory requirements.
•  Oversee the implementation and deployment of new systems or enhancements, ensuring smooth transition and minimal disruptions.
•  Monitor system performance and provide ongoing support to end-users troubleshooting and resolving issues as needed.

Regulatory Compliance and Corporate Governance:

•  Ensure compliance with relevant regulatory requirements specific to the industry, such as, data privacy laws, and industry standards.
•  Develop and enforce policies and procedures related to system analysis, ensuring adherence to compliance guidelines and data security measures in insurance systems.
•  Conduct risk assessments, identifying potential vulnerabilities and implementing appropriate controls to mitigate risks.

Leadership and Culture:

•  Foster a positive and collaborative work environment within the Business and Software systems team, promoting teamwork, professional growth, and knowledge sharing.
•  Provide guidance and mentorship to team members, enabling their development and success.
•  Promote a culture of continuous improvement, innovation, and adaptability within the system analysis function, specifically focused on addressing industry challenges and technological advancements.

Key Competencies

•  Strong leadership and interpersonal skills, with the ability to motivate and inspire a team.
•  Effective communication and presentation skills, with the ability to interact with stakeholders at all levels within the organization.
•  Strong organizational and project management abilities, with a focus on meeting deadlines and achieving objectives specific to system analysis.
•  Attention to detail and a commitment to delivering high-quality results.
•  Adaptability and flexibility to work in a fast-paced, dynamic environment.

Qualifications

• Bachelor's and/or Master’s Degree in Computer Science, Information Systems, or a related field.

Relevant Experience

•  Minimum of 5 years of experience in system analysis, software development or a similar role within the industry.
•  Experience of implementation of business systems in the asset management industry.
•  Experience in programming languages, database management, networking, software development methodologies, and systems analysis and design.
•  Proficiency in back-end languages like Java, Python, or C# and experience with web frameworks (e.g., Spring Boot, Django, Express, .Net).
•  Strong database skills, including designing schemas, optimizing queries, and working with SQL or NoSQL databases

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Job Ref. No. JLIL164

Role Purpose

• The role provides actuarial modelling and reporting in IFRS17 financial reporting, product development & profit-testing, solvency, management reporting and regulatory compliance. The role holder will also play a crucial role in analyzing and assessing the financial risks associated with the life insurance products while working closely with a team of actuaries and other professionals to develop, implement, and manage actuarial models, methodologies, and processes.

Main Responsibilities

• Actuarial reporting for financial & regulatory compliance. This will include actuarial reserving, IFRS17 modelling, Financial Condition Reporting, Solvency and Risk Based Capital reports
• Product Development: -
  • Pricing, profit-testing, system set-up
  • Development of policy documents for new products
  • Developing illustrations for new products
  • Ongoing profitability monitoring of the product
  • Scenario & sensitivity testing
• Actuarial experience analyses including mortality investigations; persistency; expenses; investment returns; analysis of reserves & surplus. Conduct in-depth analysis of life insurance products, including pricing, reserving, and valuation. Evaluate policyholder behavior and mortality/morbidity experience to provide accurate actuarial assessments.
• Value of new business, embedded value & Asset Liability Management valuations
• Projections and Budgeting: Projected actuarial reporting for financial statements & strategic planning
• Actuarial risk technical modelling and use of internal models. Build and enhance actuarial models and methodologies to support pricing, reserving, and risk analysis. Stay updated with the latest actuarial techniques and industry best practices.
• Process Improvement: Identify opportunities to enhance actuarial processes, methodologies, and systems. Drive efficiency and automation initiatives to streamline actuarial operations.
• Team Management: Lead a team of actuaries and actuarial analysts, providing guidance, coaching, and technical expertise. Foster a collaborative work environment and promote professional development within the team.
• Stakeholder Communication: Collaborate with cross-functional teams, including underwriting, finance, and product development, to provide actuarial insights and support business decisions. Communicate complex actuarial concepts effectively to both technical and non-technical stakeholders.
• Perform other duties as may be assigned from time to time in line with your role.

Key Competencies

• Leadership & project management skills
• Accountability for results
• Diligence and accuracy
• Continuous innovation
• Excellent communication and interpersonal skills
• Excellent actuarial judgement skills
• Strong analytical, strategic thinking, and problem-solving skills

Qualifications

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or any other related field.
• Professional actuarial exams (nearly qualified actuary under IFOA/SOA or equivalent)
• IFRS17 and actuarial technical aptitude
• Actuarial modelling and software skills

Relevant Experience

• Minimum of 7-8 years’ relevant experience, three of which are in a supervisory role.

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Job Ref. No. JLIL165

Main Purpose of the Job (Job Summary)

The role provides actuarial modelling and reporting in product development & profit-testing, IFRS17, solvency, risk capital, management and financial reporting, regulatory compliance.

Main Responsibilities

• Actuarial reporting for financial & regulatory compliance: Including actuarial reserving, IFRS17 modelling, Financial Condition Report, Solvency, Risk Based Capital reports
• Product Development: -
  • Pricing, profit-testing, system set-up
  • Development of policy documents for new products
  • Developing illustrations for new products
  • Ongoing profitability monitoring of the product
  • Scenario & sensitivity testing
• Actuarial experience analyses including mortality investigations; persistency; expenses; investment returns; analysis of reserves & surplus
• Value of new business, embedded value & Asset Liability Management valuations
• Projections and Budgeting: Projected actuarial reporting for financial statements & strategic planning
• Actuarial risk technical modelling and use of internal models
• Gives leadership and technical direction to staff under supervision in performing actuarial functional work
• Perform other duties as may be assigned from time to time

Academic Qualifications

• Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field
• Professional actuarial exams (minimum of 7 exams completed)

Key Competencies

• Accountability for results
• Diligence
• Team management
• Actuarial judgement skills

Experience

• Minimum of 3-4 years’ relevant experience, one (1) of which is at a supervisory level