Universal Life is seeking to recruit an Actuarial Services Officer to join the Actuarial team, at the Company’s Head Offices in Nicosia. The successful candidate will report to the Actuarial Services Manager and Chief Risk Officer.
Main responsibilities
- Calculation of reserves
- Solvency calculations
- Embedded value calculations
- Profitability calculations
- Regulatory reporting
- Any other related duties assigned by the Department’s Management
Skills & Qualifications
- University degree in Actuarial Science or in another related field in conjunction with progress in actuarial exams from a recognised Actuarial Association
- At least 3 years of work experience in a similar position
- Knowledge of accounting standard IFRS17 and the Solvency II regulatory requirements, will be considered a significant advantage
- Knowledge of the Prophet actuarial system and VBA knowledge will be considered an advantage
- Excellent command of the Greek and English languages, both verbal and written
- Excellent knowledge of MS Office
- Analytical & organizational skills
- Excellent communication and interpersonal skills
- Initiative and ability to work independently
- Team player mindset
Reward package
The Company offers an attractive remuneration package based on the candidate’s experience and qualifications plus other benefits like 13th Salary, participation in the Company’s Retirement Fund and membership to the following Group Schemes which are offered by the Company to its permanent staff:
- Life and Permanent Total Disability Insurance (60 x gross monthly salary)
- Health Insurance
Interested applicants must complete the Online Application Form by 6/5/2026
All applications will be treated in strict confidence.
Who we are
Universal Life was the first insurance company founded in Cyprus after the enactment of the local insurance legislation in 1970 with the vision to assist in the development of the life insurance industry on the island. Having completed five decades of contribution to the Cypriot economy and its society in general, Universal Life has made its name synonymous with life and health insurance in Cyprus. Today, Universal Life is one of the largest insurance companies in Cyprus, possessing a special place in the Cyprus services sector. We are proud of having been certified by the Gender Equality Certification Body for the Implementation of Good Practices on Gender Equality in the Work Environment which aim at the creation of a healthy working environment, that respects the diversity of the personnel, ensures equal opportunities for all its people and promotes the improvement of their living standards as well as their continuous improvement, strengthening and development.
Universal Life is an employer of choice for aspiring and accomplished professionals and was the first Insurance Company in Cyprus to attain the Great Place to Work® certification reflecting the Company’s aim to create an exceptional, high performing workplace where its employees thrive, grow and feel trusted and valued.