# Manager – Actuarial

Canonical URL: https://primejobalerts.com/jobs/manager-actuarial

Company: ZSIC General Insurance Limited

Category: Accounting

Location: Zambia, Lusaka

Work type: Full-time

Work arrangement: On-site

Published: 2026-10-14

Expires: 2026-10-19

## Job Description

### JOB ADVERT

ZISC General Insurance Limited is a leading provider of customer-centric general insurance solutions, committed to excellence, integrity, and strong corporate governance. As an equal opportunity employer and a proud member of the IDC Group of Companies, we continue to build a high-performance culture driven by professionalism, innovation, and excellent service.

We are therefore inviting applications from suitably qualified, experienced, and results-driven professionals to fill the following position:

### MANAGER – ACTUARIAL

Reporting to: Chief Technical Operations Officer

### JOB PURPOSE

To provide actuarial leadership and technical expertise in pricing, reserving, capital management and risk modelling, supporting ZISC-GI’s financial stability, profitability and regulatory compliance in line with the Company’s Strategic Business Plan, risk appetite and solvency requirements.

### KEY RESPONSIBILITIES

1. Actuarial Pricing and Product Development

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Leads development and review of pricing models for all general insurance products.

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Ensures premiums are technically adequate, competitive and within risk appetite.

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Provides actuarial input into new and existing products, rating structures and underwriting limits.

2. Reserving and Financial Reporting

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Oversees claims, unearned premium and IBNR reserving.

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Ensures reserves are accurate and adequate in line with actuarial and regulatory standards.

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Provides actuarial inputs to financial statements, audits and IFRS reporting.

3. Capital Management and Solvency

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Conducts capital adequacy and solvency assessments.

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Develops and monitors capital models and stress testing frameworks.

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Advises on capital optimisation and risk transfer mechanisms.

4. Risk Modelling and Analytics

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Develops actuarial and statistical models for forecasting and scenario analysis.

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Performs sensitivity analysis, stress testing and catastrophe modelling.

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Provides data-driven insights to support enterprise risk management.

5. Reinsurance Support and Advisory

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Supports design, review and optimisation of reinsurance programmes.

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Assesses reinsurance impact on profitability, exposure and capital.

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Provides technical analysis and pricing insights for reinsurer negotiations.

6. Strategic Advisory and Governance

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Advises Executive Management and the Board on pricing strategy and sustainability.

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Supports regulatory submissions, solvency reports and actuarial certifications.

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Maintains robust actuarial documentation, assumptions and model governance.

### QUALIFICATIONS / CERTIFICATIONS

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Grade 12 School Certificate.

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Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field.

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Professional actuarial qualification (e.g. ASA, FIA, FASSA, AIA) or progress towards qualification.

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Member of the Institute & Faculty of Actuaries or other internationally recognised body.

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Minimum of 6 years of relevant work experience.

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ZAGCA Certification for all qualifications.

### KEY TECHNICAL SKILLS & COMPETENCIES

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Advanced actuarial modelling and statistical analysis skills.

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Strong knowledge of general insurance pricing, reserving and capital modelling.

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Proficiency in R, Python, Excel, SQL and actuarial reserving software.

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Strong understanding of insurance regulations, solvency frameworks and financial reporting standards.

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Ability to explain complex actuarial concepts to non-technical stakeholders.

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High integrity, accuracy and attention to detail.

### WORK ENVIRONMENT

Works in an office environment within ZISC-GI, managing multiple complex, time-sensitive projects such as financial reporting and regulatory submissions.

Stakeholder Interaction

Extensive interaction with senior management, regulators, auditors and reinsurers.

Interested candidates who meet the minimum qualifications should submit their applications to:
Chief Human Capital & Administration Officer

ZISC General Insurance Limited, Premium House, Independence Avenue, P.O. Box 30894, Lusaka, Zambia.

Online submissions can be sent via email: careers@zsicgi.co.zm

Closing Date: Monday, 19th October, 2026

## Requirements

Apply by email: careers@zsicgi.co.zm

## Apply

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