Assistant Manager – Actuarial Jobs at Union Assurance PLC in Colombo, Western Province

Published 10 months ago

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Union Assurance PLC company opens jobs for Assistant Manager - Actuarial positions in the Western Province region. The type of work we provide is Full-time.

The criteria for the employees we need are having common and adaptable (for details, you can ask the company) skills with beginners or seniors experience, as well as employees who are honest, disciplined and responsible.

The estimated salary offered by this company is quite competitive around රු. 14,000 - රු. 45,000 (per month). However, the salary can go up or down depending on the company that decides it.

The Headhunters company itself is engaged in sejenis, of course if you are interested in applying for this company, you can register immediately.

Job Information

Company:Union Assurance PLC
Position:Assistant Manager - Actuarial
Region:Western Province, Colombo - Western Province
Employment Type:Full-time

Job Description

Assistant Manager – Actuarial

Union Assurance is a leading corporate and the fastest growing entity in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka’s largest conglomerates. For the 9th consecutive year, the company has received the GPTW certification as a ‘Best Employer Brand,’ and in 2020 was awarded the ‘Global Employer Brand’ by the World HRD Congress.


  • Perform regulatory Actuarial Valuation for each monthly, quarterly & annual requirement.
  • Conduct statistical analysis, data preparation, update & execute DCS for data validation.
  • Assisting with results validation, analyzing movements and reports preparation for timely regulatory submissions, according to the formats of agaIRCSL.
  • Execute prophet model runs, refine parameters with experience investigations and reserve calculation.
  • Collaborate with respective departments to gather information and support team to provide all internal and external requirements in timely manner.
  • Assisting with audit and actuarial consultant’s requirements.
  • Regular workbook updates, improvements and update the procedure manuals.
  • Contribute and execute mortality investigation, lapse Investigation, Expense Investigations, etc and conduct trend analysis against previous investigations.
  • Support Life Operations on calculating surrender values, maturity values or any other details on need basis to enhance their work efficiency.
  • Execute reviews on system and ensure accuracy of fund build ups and perform continuous monitoring to ensure its accuracy.

Qualifications :

  • Bachelor’s degree in Mathematics, Statistics, or Actuarial Science & Master’s in Mathematics and Statistics is preferred
  • 5 to 6 years experience in Actuarial Valuation is essential
  • In-depth understanding of valuation
  • Strong mathematical skills

The selected candidate for the above position will be entitled to an attractive remuneration package. Applicants who are interested are encouraged to send their CV to [email protected]


  • gain experience
  • taught first
  • Get bonus if overtime

Job Application Information

The information we provide above may be updated suddenly, please keep looking for complete information via the "Apply Now" button or on the official website of the company Union Assurance PLC, so as not to find unwanted events ^_^.

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Company Information

Union Assurance PLC


Union Assurance PLC is a leading insurance provider in the United Kingdom. Founded in 1956, the company is known for its exemplary customer service and financial performance. With more than 50 years of experience, Union Assurance PLC provides a wide range of insurance services including life insurance, auto insurance, travel insurance, home insurance, business insurance, and more. Union Assurance holds a AA- credit rating, providing its customers with the assurance of knowing that their financial security is in reliable hands. For clients who value personalized service and value for money, Union Assurance offers a host of quality plans that are tailored to their individual needs. With a solid team of experienced professionals on hand, customers can expect to receive efficient service every step of the way.

Check other vacancies from the company: Union Assurance PLC