2 Job Positions at Mayfair Insurance Company Rwanda Ltd: (Deadline 13 December 2021)

2 Job Positions at Mayfair Insurance Company Rwanda Ltd: (Deadline 13 December 2021)

IT Officer at Mayfair Insurance Company Rwanda Ltd: (Deadline 13 December 2021)

JOB DESCRIPTION                                                                                    

Job title: IT Officer.

Introduction

Mayfair Insurance Company Rwanda Ltd is a General insurance company providing various general insurance products in Rwanda since May 2017. It is regulated by the National Bank of Rwanda and since inception the company has been on an upward trend, experiencing phenomenal steady growth both on the turn over and profitability. The Company is part of the network of Mayfair Insurance companies across the region (Kenya, Tanzania, Zambia, Rwanda and Uganda, and DRC).

The Head-office of Mayfair Insurance Company Rwanda Ltd is located in Makuza Peace Plaza, 2^nd Floor.

Job Purpose Statement

Within the framework and as a member of Mayfair Insurance Rwanda Company Limited IT department, functionally reporting to its head, and with respect for the current I.T. rules, procedures and policies: The I.T. Officer of Mayfair Insurance Company Rwanda Ltd, will be responsible and accountable for ensuring the effectiveness of comprehensive management of the Software, Database, hardware, Data security and IT related functions of the Company.

Reporting to: Head of IT

Key Responsibilities

• Effective and efficient management of the Company hardware.
• Effective and efficient management of the Company software.
• Effective and efficient management of the Company databases.
• Effective management of the security of the Company data by performing disaster recovery operations, data back-ups, and ensuring safe and secure data storage.
• Support to develop innovative and IT-based products.
• Effectively implement various IT projects with various stakeholders.
• Provide adequate support to end user.
• Provide adequate and organized trainings to existing and new staffs on IT.
• Implement protocols of IT safety, policies and regulations.

Qualification

• Bachelor’s Degree in Computer Science, computer engineering, information systems or any other relevant degree.
• Oracle Certified Associate Certification and/or any other Oracle Certificate will be an added advantage.
• A minimum of three (3) years’ experience in Database Management Practice or technical team with similar role and complexity.
• Experience with complex technology deployments which are a mix, on premise and cloud technologies.
• Career exposure to engineering capability is essential.
• Exposure to Database technologies such as Oracle.
• Backup, restoration practice.
• Clustering and resilience scaling of DB technologies.
• Experience in a financial institution such as Insurance will be an added advantage.

The application addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd shall be submitted at the head-office of Mayfair Insurance Company Rwanda Ltd located in the building Makuza Peace Plaza, 2^nd Floor, or email to [email protected] not later than 13^th December  2021 at 5h:00 PM (Local time).

NB: 1. Only shortlisted candidates will be contacted for tests and/or interviews.

2. The successful candidate will be required to bring more documents as per our internal policy requirements.

Done at Kigali, on 3^rd December  2021.

MUHIMUZI Mugisha Daniel

Managing Director

Actuarial Analyst at Mayfair Insurance Company Rwanda Ltd: (Deadline 13 December 2021)

JOB ADVERTISEMENT

Job position: ACTUARIAL ANALYST

Introduction

Mayfair Insurance Company Rwanda Ltd is a General insurance company providing various general insurance products in Rwanda since May 2017. It is regulated by the National Bank of Rwanda and since inception the company has been on an upward trend, experiencing phenomenal steady growth both on the turn over and profitability. The Company is part of the network of Mayfair Insurance companies across the region (Kenya, Tanzania, Zambia, Rwanda and Uganda, and DRC).

The Head-office of Mayfair Insurance Company Rwanda Ltd is located in Makuza Peace Plaza, 2^nd Floor.

Reports to: General Manager.

JOB PURPOSE/JOB VALUE

The position is responsible for monitoring, managing, and reporting on insurance pricing, reserving, solvency, business performance, Stress testing and planning to achieve sustainable growth of the Company.

MAIN RESPONSIBILITIES/ACCOUNTABILITIES OF THE JOB (KEY RESULT AREAS)

• Actuarial Regulatory reporting:
  • Annual Premium Rates Certification, in liaison with the appointed actuary.
  • Quarterly Insurance Liability valuation reports to the insurance regulator.
  • Annual liability valuation in liaison with the appointed actuary.
  • Solvency reporting to the insurance regulator.
  • Monthly Stress Test Report to BNR
• Monthly preparation and maintenance of actuarial data (claims, premium registers, and financials).
• Product pricing and development including regulatory filing and approval, directly or in liaison with external consultants.
• Product performance review and recommending areas of improvement (Claim’s experience analysis, expense analysis, profitability, and business retention reviews among others).
• Preparation of quarterly internal actuarial reports:
  • Liability Valuations including Reserve Adequacy analysis.
  • Solvency Report including Solvency optimization.
  • External environment review (industry performance, competitor analysis, regulatory developments).
• Business planning support: Revenue Budgeting (in liaison with production unit heads) and company financial projections (in liaison with Finance Department).
• Systems support: Review and improve system controls, functionality, and accuracy of reports (Liaising with ICT Department).
• Risk Management support: Identification, quantification of risk and risk mitigation measures.
• General support: Special projects and ad hoc analytical reports as requested.

 OTHER DUTIES

• Perform any other duties as may be assigned from time to time by the Supervisors.

KEY PERFORMANCE INDICATORS

• Compliance with regulatory requirements (completeness and timely submission of reports)
• Accuracy and Timeliness of Internal Reports
• Quality of Information and Advice provided to the internal customers (Senior Management, the Board Audit & Risk Committee, and Heads of Departments).

QUALIFICATIONS AND COMPETENCIES (Knowledge, Skills, Experience & Behaviors)

Minimum level of academic qualification, skills, and knowledge required to perform effectively in the role.

i.Academic qualifications

• BSC Actuarial Science
• Professional Qualifications: 2 Actuarial papers by IFoA – UK or SOA – US.

ii. Minimum level of professional experience required to perform effectively in the role.

• 1 years’ experience in a busy actuarial environment in a General Insurance company

Required documents

• Application letter addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd.
• Updated signed CV;
• Academic documents.
• Professional course progress report or certificate;
• Copy of national ID card/passport.

The application addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd shall be submitted at the head-office of Mayfair Insurance Company Rwanda Ltd located in the building Makuza Peace Plaza, 2^nd Floor, or email to [email protected] not later than 19^th  December 2021 at 5h:00 PM (Local time).

NB: 1. Only shortlisted candidates will be contacted for tests and/or interviews

2. The successful candidate will be required to bring more documents as per our internal policy requirements.

Done at Kigali, on 3^rd December  2021.

MUHIMUZI Mugisha Daniel

Managing Director