Actuarial, Risk & Compliance Analyst – Tropical Reinsurance Company
Tropical Reinsurance Company is seeking a highly skilled and motivated Actuarial, Risk & Compliance Analyst to join our dynamic team. This role is crucial for maintaining our robust risk management framework and ensuring compliance with regulatory standards. If you have a passion for risk management, actuarial science, and compliance, we encourage you to apply!
What You Will Do
Actuarial
- Analyse the company’s underwriting data using statistical and analytical tools to identify patterns, anomalies and KPIs, and present findings and recommendations to senior management.
- Coordinate the compilation of data and statistics required for annual actuarial valuations, other statutory actuarial requests from regulators and IFRS 17 reporting.
Risk Management
- Maintain the enterprise risk management framework risk registers, risk appetite statement and monitoring processes and embed risk ownership across business units.
- Run solvency and capital models report to the MD quarterly; prepare ORSA data inputs and the report for MD and board to review ahead of IPEC submission.
- Maintain the counterparty credit risk register for cedants and retrocessionaires; monitor the investment portfolio against board limits with monthly exception reports.
- Design and run stress testing and scenario analyses; track emerging risks and review new business and products, escalating material concerns with the MD.
- Maintain and test the business continuity plan; oversee cyber and technology risk; prepare risk committee papers and follow up actions to completion.
Compliance
- Maintain the compliance register, mapping every obligation under the Insurance Act, and other IPEC directives to an owner and monitoring schedule.
- Monitor board composition and director independence; administer conflict-of-interest declarations; track shareholding changes and cross-holding exposures against the required threshold.
- Oversee AML/KYC compliance; manage the regulatory reporting calendar (actuarial function report, SFCR, RSR, quarterly templates, audited financials) and external auditor rotation.
- Review contracts and marketing materials pre-finalisation; maintain the regulatory change log, oversee outsourcing arrangements against regulatory standards.
- Manage regulatory breach incidents root cause, remediation and any IPEC disclosure and maintain cedant and policyholder disclosure records.
Governance and Regulatory Relationship
- Maintain the three-lines-of-defence structure, equipping Line 1 with tools and training and producing substantive Line 2 oversight reports.
- Coordinate internal audit coverage and the triennial external review; maintain the policy library; brief the MD and board at least quarterly; deliver annual staff training.
- Serve as primary IPEC contact managing examinations end to end, keeping examination-ready records and representing the company at industry meetings.
What We’re Looking For
Essential Qualifications
- Degree in Risk Management or Actuarial Science.
- 3+ years in a risk, compliance or actuarial role in financial services.
- Self-directed, with strong analytical skills and clear written and verbal communication.
- Proficient in Excel, Word and PowerPoint, plus Python or R.
You’ll Stand Out If You Also Have
- FRM, IiOA, ACII, CMIRM or equivalent in progress or recently completed.
- Insurance or Reinsurance experience; familiarity with Zimbabwe’s regulatory framework and IPEC.
- Exposure to a risk-based capital regime (e.g. ZICARP).
- Experience implementing or strengthening an ERM or compliance framework.
The Ideal Candidate
You are energised by risk management. You work without close supervision, take initiative, follow through without being chased, and are methodical enough to run a large compliance register while briefing the MD and board clearly and directly.
How to Apply
Email your CV and covering letter to recruitmenthremay2019@gmail.com by Tuesday, 8 September 2026. Please use ‘Actuarial, Risk & Compliance Analyst’ in the subject line. Only shortlisted candidates will be contacted.