Manager Actuarial

Job Description

Location: Colombo, Sri Lanka

Company: Sri Lanka Insurance Life

Job Type: Full-Time

About the Role:
Sri Lanka Insurance Life, the nation’s leading life insurance provider, is seeking a highly qualified and experienced Manager Actuarial to lead the actuarial aspects of our IFRS17 implementation project. This role offers an unparalleled opportunity to work with a team of seasoned insurance professionals in a performance-driven culture, providing significant career growth and personal development opportunities.

Key Responsibilities:

• Lead the actuarial component of the IFRS17 implementation project.
• Collaborate with cross-functional teams, including finance, accounting, IT, and operations, to ensure alignment between actuarial processes and other project initiatives.
• Oversee the development and enhancement of actuarial models for the valuation and measurement of insurance contracts under IFRS17.
• Prepare comprehensive documentation of actuarial assumptions, models, and results for IFRS17 reporting.
• Engage with stakeholders, including senior management, auditors, and regulatory bodies, to communicate actuarial results and address inquiries.
• Conduct reviews and quality assurance checks on actuarial calculations and models to ensure compliance with IFRS17 requirements.

Qualifications & Prerequisites:

• Undergraduate degree in actuarial science, mathematics, statistics, finance, or a related quantitative discipline.
• At least three years of experience in the actuarial profession, with a minimum of one year in an assistant manager or higher role.
• Master’s degree in actuarial science or completion of at least four subjects in a professional qualification framework of an internationally recognized actuarial institute.
• Prior experience in IFRS17 implementation, such as position paper preparation, software solution calibration, and financial disclosures, is an added advantage.
• Proven experience in actuarial roles within the insurance industry, including RBC reporting, cash flow model development, and product pricing, is an added advantage.
• Excellent communication and interpersonal skills for effective collaboration with cross-functional teams and stakeholders.
• Preferably below 36 years of age.

How to Apply:
If you meet the above qualifications and are ready to take on this challenging role, please send your CV along with the names of two non-related referees within 07 days of this advertisement to:

HR Department
Sri Lanka Insurance Life
No 21, Vauxhall Street, Colombo 02
Email: careers@srilankainsurance.com

Please state the post applied for on the top left corner of the envelope or in the subject line of your email.

Join Sri Lanka Insurance Life and be part of a team that values expertise, innovation, and excellence in the insurance industry!

Click Here To Apply!