Actuarial Analyst

Actuarial Analyst – SLIC General Limited

Job Overview

Sri Lanka Insurance General (SLIC General) is inviting applications for the position of Actuarial Analyst. This opportunity is ideal for candidates with a strong background in actuarial science, mathematics, or statistics who are passionate about data analysis, financial modeling, reserving, and risk management within Sri Lanka’s leading general insurance company.

Job Category: Banking & Insurance, IT & Software, Private Jobs
Job Location: Colombo District, Sri Lanka

Position Details

Position: Actuarial Analyst

The Actuarial Analyst will support actuarial valuations, financial modeling, solvency calculations, pricing, reserving, and regulatory reporting while contributing to strategic business decisions through data-driven insights.

Company Overview

Sri Lanka Insurance General (SLIC General) is one of Sri Lanka’s leading general insurance providers, backed by decades of industry expertise and extensive technical knowledge. The company offers a performance-driven environment with excellent opportunities for career growth, innovation, and professional development.

Qualifications & Experience

• Degree, Special Degree, Professional Qualification, or equivalent qualification in Actuarial Science, Mathematics, or Statistics from a UGC-approved university or institute.
• Completion of at least one subject in a professional qualification framework of an internationally recognized actuarial institute.
• 1–2 years of experience in a similar capacity.
• Programming skills in Excel VBA, R, Python, or SQL will be an added advantage.
• Previous experience in actuarial functions is preferred.
• Experience in Sri Lankan statutory actuarial reporting and Risk-Based Capital (RBC) reporting will be an added advantage.
• Knowledge of actuarial software and model development will be an added advantage.
• Preferred age: Below 35 years.

Key Responsibilities

• Assist with monthly, quarterly, and annual actuarial valuations using appropriate reserving methodologies.
• Support solvency calculations under the Risk-Based Capital (RBC) framework.
• Maintain and enhance actuarial and financial models while assisting in developing reserving and pricing models.
• Prepare regulatory and internal actuarial reports.
• Analyze claims performance, identify trends, develop projections, and provide recommendations to management.
• Conduct financial forecasting, trend analysis, and actuarial investigations to support business projects.
• Leverage data insights to support underwriting and claims functions.
• Assist in the development and testing of the Non-Life core insurance system.
• Perform other duties assigned by management in line with business requirements.

Required Skills

• Strong analytical and quantitative skills.
• Knowledge of actuarial valuation techniques and reserving methodologies.
• Understanding of Risk-Based Capital (RBC) concepts.
• Proficiency in Microsoft Excel and financial modeling.
• Programming knowledge in VBA, R, Python, or SQL.
• Excellent communication and report-writing skills.
• Strong problem-solving and critical thinking abilities.
• Ability to work independently and collaboratively within a team.

Salary & Benefits

• Attractive remuneration package based on qualifications and experience.
• Opportunity to work with Sri Lanka’s leading general insurance company.
• Exposure to actuarial modeling, pricing, reserving, and regulatory reporting.
• Professional career development and continuous learning opportunities.
• Performance-driven working environment with long-term career growth.

How to Apply

Interested candidates are invited to send their updated CV together with the names of two non-related referees within 7 days of this advertisement.

Email:
jobs@srilankainsurance.com

Please mention the position applied for in the subject line of your email.

Important Notes

• This position is based in Colombo District, Sri Lanka.
• Candidates should possess the required actuarial qualifications and relevant experience.
• Programming knowledge in VBA, R, Python, or SQL will be considered an added advantage.
• Experience in actuarial reporting and Risk-Based Capital (RBC) reporting is desirable.
• Only shortlisted candidates will be contacted for the selection process.