Job Description
Careers at CIC Insurance Group
At CIC Insurance Group, we believe our people are our greatest strength. For more than five decades, we have built a trusted brand founded on integrity, innovation, and customer focus. Our success is driven by passionate professionals who are committed to delivering excellence and creating meaningful impact in the communities we serve.
Why Join CIC?
At CIC, you are not just taking a job, you are building a career. We provide:
- Growth & Development: Continuous learning opportunities, professional development programs, and clear career progression paths.
- Innovation-Driven Culture: A dynamic environment that encourages creativity, collaboration, and forward-thinking solutions.
- Diversity & Inclusion: A workplace that values different perspectives and fosters respect and teamwork.
- Purpose & Impact: An opportunity to contribute to financial security and empowerment for individuals, families, and businesses across the region.
Our Culture
We foster a culture of accountability, teamwork, and excellence. Our teams are empowered to make decisions, drive change, and deliver value to our customers. At CIC, integrity is not just a principle it is a way of life.
Join Us
If you are passionate, driven, and ready to make a difference, we invite you to explore opportunities with us. Together, we can shape the future of insurance and financial services.
Build your future with CIC Insurance Group.
PURPOSE:
The Actuarial Analyst is responsible for performing financial analysis on actuarial liabilities, claims experience, pricing, solvency and capital requirements as well as suitability of reinsurance arrangements.
PRIMARY RESPONSIBILITIES:
- Run, adjust and make assumptions on valuation models of claims and premium liabilities on specific lines of business.
- Monitor adequacy of reserves.
- Prepare draft reports e.g. valuation, claims experience, solvency, capital.
- Monitor and investigate claims experience and provide insights on products for specific lines of business.
- Review pricing, check adequacy of premiums and provide recommendation for the specific lines of business.
- Monitor solvency position and capital requirements for the subsidiary.
- Monitor investment performance and prepare quarterly reports.
- Perform asset liability matching position for the business.
- Prepare monthly data reconciliation report for specific lines of business.
- Support in IFRS 17 financial reporting.
- Review and recommend suitability of reinsurance arrangements for specific lines of business.
- Review and analyze data from AKI/IRA for use in quarterly industry analysis report for specific lines of business.
- Provide support in special projects of the company.
- Provide actuarial support in the Micro Insurance Company.
- BSc. Actuarial Science or Statistics or Mathematics or related field is required.
- At least 6 actuarial professional papers passed.
- 3 years of relevant experience