Actuarial Analyst

Job description

The Pensions and Insurance Authority (“the Authority”) is the regulatory and supervisory authority for the pensions and insurance industries in Zambia as provided for in the Pension Scheme Regulations Act No.28 of 1996 (as amended) and the Insurance Act No. 38 of 2021. The Authority supervises and regulates entities operating in the pensions and insurance sector. This includes insurance companies, reinsurance companies, insurance intermediaries, pension schemes, pension fund managers and pension fund administrators.

As part of the organisation expansion, the Authority hereby invites applications from suitably qualified and experienced candidates to fill the following positions:-

ACTUARIAL ANALYST – ONE (1) POSITION

Reporting to the Manager – Actuarial Services, the Analyst will conduct detailed actuarial analysis on regulated entities in order to support effective regulation and supervision of pensions and insurance industries, and protect the interest of pension scheme members and policyholders.

Specific duties:-

To effectively undertake actuarial guidance in order to facilitate the effective regulation and supervision of pensions and insurance industries.
To effectively undertake and contribute to the formulation, review and dissemination of actuarial guidelines in order to promote actuarial best practices in the pensions and insurance industries.
To undertake effectively actuarial analysis of applications, actuarial reports, quarterly and annual returns, and other documents in order to inform decision-making.
To undertake timely actuarial related research and data analytics in pension and insurance matters in order to generate information for decision-making.
To undertake effectively the identification and management of risk under the department in order to mitigate adverse outcome against the Authority.
To support and engage effectively the management of stakeholder partnership in order to enhance collaboration on actuarial matters relating to the pensions and insurance sector.

Requirements: –

Full Form V/Grade 12 Certificate with credit or better in Mathematics and English.
Bachelor’s Degree in Actuarial Science, Statistics, Mathematics, or equivalent.
Be a registered member of a relevant actuarial professional body.
2 years relevant experience.

Mode of Application

Applicants meeting the above qualifications and experience should submit an application letter, a Curriculum Vitae with certified or ZAQA verified copies of qualifications in a sealed envelope to the address below, not later than 9th July, 2025. 

The Human Resource and Administration Manager

Pension and Insurance Authority

Stand No. 4618, Lubwa Road, Rhodespark

P/Bag 30x, Ridgeway

LUSAKA

Note: The Authority is an equal-opportunity employer and employs citizens from a variety of geographical, ethnic, religious, social and economic backgrounds. The Authority does not practice or tolerate favoritism or discrimination on any grounds protected by law, unless the law has specific provision for differential treatment or affirmative action. To that end, groups recognized by law as marginalized (such as persons with disabilities and female candidates) are strongly encouraged to apply if they meet the minimum criteria for the position.