Zambia Actuarial & Risk Associate

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About This Role

One Acre Fund is seeking a Zambia Actuarial & Risk Associate to drive data science and actuarial functions for smallholder farmer insurance offerings. Founded in 2006, the organization supports millions of smallholder farmers across Africa by supplying quality farm assets, financing, and training to boost harvest yields and income. The selected professional will be based in Kabwe and Lusaka, Zambia. This position takes charge of designing, pricing, and modeling weather…

Job Description

Responsibilities

• Design and price weather index and area yield insurance products utilizing Python, R, and Excel
• Model insurance products for other country programs during off-season periods
• Manage the credit risk scoring model and perform repayment risk scenario evaluations for operations in Zambia
• Assess how weather and yield anomalies affect portfolio performance and farmer loan repayment rates
• Provide advice on financial protection products for farmers and contribute to market assessments
• Guide initial partner discussions to form the long-term microinsurance strategy within Zambia
• Assist with the microinsurance aggregator licensing procedure and function as interim principal officer following approval
• Maintain regulatory compliance and market-conduct standards

Requirements

• Possess citizen or permanent resident status in Zambia
• Accumulate at least 5 years of professional experience in data science, actuarial science, or modeling
• Demonstrate direct background in building area yield and weather index insurance items
• Show hands-on actuarial modeling capability using R or Python for statistical modeling, pricing, and portfolio analysis
• Bring direct familiarity with credit scoring models and repayment risk scenario analysis
• Hold competence in utilizing remote sensing applications like QGIS for weather-index and spatial evaluation
• Demonstrate project management abilities with a track record of maintaining documentation across multi-stakeholder workstreams
• Have a minimum of 3 years of background working in the insurance sector in Zambia
• Possess a Certificate of Competence in Insurance

Qualifications

• Hold active membership with the Insurance Institute of Zambia
• Earn a bachelor degree in Statistics, Mathematics, Actuarial Science, or a related discipline

Core Skills

Benefits

• Health insurance
• Housing
• Comprehensive benefits

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