Job Title: Senior Actuarial Analyst

Industry: Insurance | Financial Services

Reports To: Head, Actuarial Services

Location: Lagos, Nigeria

Work Structure: Full-Time

Remuneration: Competitive

Client Overview
Our client is a leading Nigerian insurance group offering a diverse range of life, general, and specialist insurance solutions to individuals and businesses. The organization operates within a highly regulated financial services environment and is committed to sound risk management, financial strength, customer protection, and sustainable business growth.

Role Summary
Our client is seeking a technically strong and analytical Senior Actuarial Analyst to support the Actuarial function in delivering accurate financial analysis, valuation, reporting, pricing, and risk insights.
The successful candidate will support actuarial valuations, reserving, product analysis, forecasting, experience studies, and regulatory reporting while working closely with Finance, Underwriting, Investment, Risk, and other business functions.

Key Responsibilities

Actuarial Valuation & Reporting

• Support actuarial valuations, reserves, liabilities, and financial reporting activities.
• Prepare actuarial schedules, analyses, and supporting documentation for management and regulatory reporting.
• Perform data validation and investigate variances or anomalies in actuarial results.

Reserving & Financial Analysis

• Conduct reserving and experience analysis using appropriate actuarial methodologies and assumptions.
• Analyze claims, policy, mortality, persistency, and other relevant experience data.
• Support profitability, performance, and financial impact assessments across insurance portfolios.

Pricing & Product Analysis

• Support product pricing, pricing reviews, and profitability analysis.
• Develop and maintain actuarial models used for pricing, forecasting, valuation, and business planning.
• Assess the financial implications of proposed product changes and business strategies.

Risk & Business Support

• Support risk assessment, scenario analysis, forecasting, and sensitivity testing.
• Provide actuarial insights to support underwriting, investment, finance, and strategic decision-making.
• Assist with the review and validation of actuarial assumptions and methodologies.

Data & Model Management

• Analyze large datasets and ensure the accuracy, completeness, and integrity of actuarial data.
• Maintain and improve actuarial models, tools, and analytical processes.
• Identify opportunities to improve automation, reporting efficiency, and data quality.

Stakeholder Collaboration

• Work closely with Finance, Underwriting, Claims, Investment, Risk, IT, and Regulatory/Compliance teams.
• Support the Head, Actuarial Services with technical analysis, management reports, and special actuarial projects.

Requirements
Education

Bachelor's Degree in:

• Actuarial Science, Mathematics, Statistics, Economics, Finance Or a related quantitative discipline.
• Progress toward a recognized actuarial qualification such as IFoA, SOA, CAS, or equivalent professional body is required.

Experience

• Minimum of 4–7 years of relevant actuarial experience within insurance, financial services, consulting, or a related environment.
• Strong experience in actuarial valuation, reserving, pricing, financial analysis, or insurance risk.
• Practical experience working with actuarial models and insurance datasets.
• Experience within the life insurance sector is an advantage.