Actuarial Analyst

Trust International Insurance Company (Cyprus) Ltd is seeking an Actuarial Analyst to join our Actuarial Function within a leading Non-Life insurance company. The successful candidate will contribute to actuarial reserving, Solvency II and IFRS 17 reporting, capital and risk analysis, and other actuarial projects supporting the company’s regulatory and business objectives. This is an excellent opportunity for a motivated individual who is developing their actuarial career and eager to apply analytical, statistical, and technical skills in a collaborative environment.

Trust Insurance Cyprus is one of the leading general insurance companies in Cyprus. It is a modern and dynamic Organization that responds effectively to the changing market conditions by emphasizing on the development of innovative products and services.

Certified three times in a row as a Platinum Employer by Investors In People (2017, 2020 & 2023) and twice awarded Platinum Employer of the Year (2017 & 2023), Trust is among the best employers worldwide. The only company to receive such an award in Cyprus.

The continuous upholding of the distinction criteria translates into career opportunities for those who seek accelerated advancement and are willing to invest in their future.

Key Responsibilities

Assist in the calculation and analysis of technical provisions and claims reserves under Solvency II and IFRS 17.
Support the preparation of actuarial reports, QRTs, and other regulatory submissions.
Contribute to claims experience analyses, trend studies, and assumption setting.
Assist in capital modelling, stress testing, and risk assessments to support solvency and business planning.
Perform data validation, reconciliation, and process automation using Excel, Prophet, or Python.
Assist in operational risk assessments, identifying and quantifying potential risks impacting actuarial processes and financial outcomes.
Support communications and data exchange with reinsurers, including preparation of actuarial inputs for reinsurance treaties, recoveries, and claims analysis.
Support the Head of Actuarial Function in governance, audit, and internal reporting tasks.
Collaborate with the finance, risk, and underwriting teams to ensure consistency and accuracy of actuarial inputs.

Qualifications

Bachelor’s degree in Actuarial Science, Finance, Economics, Mathematics, or a related field.
Progress toward actuarial qualification (e.g., FIA, FSA) strongly preferred.
At least 2 years of relevant experience in a Non-Life or Composite insurance company.
Experience with data analysis tools, including Excel, Prophet, and/or Python.
Excellent communication and report-writing skills.
Detail-oriented with strong analytical and problem-solving abilities.

Preferred Skills and Attributes

Experience working in a regulated financial or insurance environment.
Familiarity with insurance regulatory frameworks, including Solvency II and IFRS 17.
Ability to work independently and collaboratively in a hybrid environment.
Strong organizational skills and a proactive, solution-driven mindset.

Benefits & Perks

Attractive remuneration package (depending on qualifications and experience)
13th salary
Bonus opportunities
Provident fund
Medical care insurance
Participation in the company’s joint Life Insurance plan
Coverage of education and vocational training costs
Personal career development plan and support for actuarial exam progress

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Applicant Information

Please send your CV to the email careers@trustcyprusinsurance.com or by fax at 22 050290

Please state the position for which you are applying. Applications will be shortlisted and the successful candidates will be invited for a personal interview. All applications will be treated with the strictest of confidence.

Trust Insurance Cyprus accepts applications throughout the year. In the event that there is no job currently available, your application will be kept on file for future access if the need arises.

Actuarial Analyst