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 Manager role provides support to the Subsidiaries and other support functions in the Group such as Finance and Risk. The role involves providing actuarial analysis for the Subsidiaries to ensure the company is always aware of its financial liability position, risks and market dynamics.
PRIMARY RESPONSIBILITIES:
Review and test models and assumptions on actuarial valuation for the subsidiary
- Price new products and provide ratings guidelines for the subsidiary.
- Monitor and analyze experience (claims, persistency, expenses etc.) for the subsidiary
- Review and analyze the investment performance to provide insights for the subsidiary
- Perform asset liability matching position for the business
- IFRS 17 financial reporting for the business
- Review and provide insights on solvency position and capital requirements
- Perform long term financial projections to support decision making
- Review data validation checks on business and finance data sets and reports
- Review of reinsurance arrangements and give recommendations on suitability of the reinsurance arrangements
- Prepare and present quarterly industry analysis report for the subsidiaries and
- Prepare draft quarterly Board Papers.
- Support in special projects of the company
- BSc. Actuarial Science or Statistics or Mathematics
- Diploma in Actuarial Techniques.
- Certificate in Finance and Investment
- 4 years of relevant experience