Business and Finance General

Job for Actuarial Officer at Law Union & Rock Insurance Plc

Law Union & Rock is one of the first generation Insurance Companies to open office in Nigeria six decades ago. We began operations in Nigeria in 1951 as a Chief Agency when the late Sir Mobolaji Bank-Anthony held the power of Attorney for Royal International Insurance Holding, a U.K leading Insurance Company [the first Nigerian to have such authority].

We are recruiting to fill the position below:

Job Title: Actuarial Officer 
Location: Lagos

Job Description
Detailed understanding of economic, financial, demographic and insurance risks and expertise in:

  • Developing and using statistical and financial models tinform financial decisions;
  • Pricing, establishing the amount of liabilities, and setting capital requirements for uncertain future events.
  • The development and application of models thelp solve complex financial problems
  • Establishing premiums, policy and claim liabilities, and appropriate capital levels.
  • Establishing estimates for unpaid claim liabilities, unearned premium and other estimated liabilities (technical reserves) and certifications
  • Insurance product premium pricing
  • Reinsurance program design and management
  • Underwriting policy definitions
  • Solvency calculations and reports
  • Internal modeling, including stochastic asset-liability modeling
  • Strategic asset management and capital management
  • Enterprise Risk Management (ERM)
  • Advising on setting company risk appetite and risk limits
  • Creation of financial condition reports
  • Building company risk models
  • Evaluating impact of acquisition on risk profile
  • Performing stress tests


  • A first degree, at least a second class upper honours, in Actuary Science, Statistics, Mathematics or any related discipline.
  • An actuarial professional qualification (or in view) will be an added advantage.

Deadline: 13th June, 2017.
How to Apply

Interested and qualified candidates should send their CV’s to:

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