Job Description
Actuary X 1: (Head Office)
Reporting to the General Manager/CEO, the successful incumbent will provide Investment support and Actuarial valuations to Schemes to assist in product development, product implementation and financial reporting. The incumbent is expected to advise executive management on changes in the macro socio and economic environment and give assurance of the financial soundness of NSSA schemes
Duties and Responsibilities
• Analyse the financial status of the NSSA schemes and recommend appropriate actions to ensure viability.
• Carry out periodic and ad hoc actuarial reviews of NSSA schemes to align market and demographic developments with projections and assumptions.
• Perform actuarial valuation of new schemes i.e. costing of new schemes at inception.
• Assess the impact of policy reforms on the viability of the schemes.
• Interrogate schemes data to ensure data integrity and ensure that all fields required for proper administration and review of schemes are populated (i.e. quality control of schemes data).
• Recommend sustainable rates of contribution for the schemes.
• Recommend appropriate investment portfolio structure in line with the evolution of the scheme's liability.
Qualifications and Experience
Qualifying Requirements
• Bachelors Degree in Actuarial Science, Statistics, Mathematics or related field.
• MSc Actuarial Sciences will be an added advantage.
• Fellow of the Actuarial Institute or equivalent
• At least 5 years' experience in Actuarial or Statistical work in a Social Security environment.
Key Competencies and Characteristics
• Highly computer literate, MS office
• Financial modelling expertise.
• Computer programming in relevant software
• Good Report writing skills
• Strong analytical skills.
• Excellent research skills
• Excellent communication skills
• Good understanding of Zimbabwe's demographic and socio-economic dynamics.
How to Apply
Interested candidates are invited to email their cover letter and CV as a single attachment to rechr-2@nssa.org.zw stating the job they are applying for by the close of business of business on Monday, 1 June 2020.
