Actuarial Officer

About the role

NIC Holdings Limited, formerly National Insurance Corporation, is recruiting an Actuarial Officer for its Head Office in Kampala. The officer provides actuarial, statistical and technical support to both NIC Life Assurance and NIC General Insurance, covering pricing, product development, reserving, valuation and risk management. The role reports to the Chief Finance Officer and Chief Operations Officer.

Key responsibilities

• Support the development, review and actuarial pricing of Life and General Insurance products
• Assist in calculating and monitoring technical provisions, insurance liabilities and reserves
• Analyse claims experience, mortality, morbidity, lapse rates and loss ratios to assess portfolio performance
• Support identification and monitoring of insurance risks and reinsurance arrangements
• Prepare actuarial reports, statistical analyses and regulatory information
• Provide actuarial inputs to budgeting, business planning and financial projections
• Work with Underwriting, Finance, Claims, Risk and Business Development teams

Required profile

• Bachelor's degree in Actuarial Science, Statistics, Mathematics, Economics or another quantitative discipline
• At least 4 papers completed towards a professional actuarial qualification (IFoA, SOA or equivalent)
• Minimum of 2-3 years' experience in actuarial analysis, insurance, risk management or financial modelling, preferably in life and general insurance
• Experience in product pricing, technical reserving, actuarial valuations and portfolio analysis
• Knowledge of claims analysis, loss ratios, mortality, morbidity and reinsurance principles
• Progress towards a professional actuarial qualification is an added advantage

Required skills

• Strong actuarial, statistical and quantitative analytical skills
• Proficiency in financial modelling, data analysis and actuarial software
• Strong Excel skills
• Excellent numerical, problem-solving and report-writing skills

Candidates apply by sending their resume by email to the company's vacancies address, stating the job title in the subject line, by Friday 20 November 2026 at 5 PM; only shortlisted candidates will be contacted.