Zambia Actuarial & Risk Associate

The role

The Actuarial & Risk Associate drives actuarial and data science work for smallholder-farmer insurance products. This person designs and prices index insurance products, models repayment risk, and serves as Interim Principal Officer for a microinsurance aggregator entity.

What you will do

• Design and price index insurance products using R, Python, and Excel
• Support product modelling for other One Acre Fund countries during the off-season
• Own the credit risk scoring model and lead repayment risk scenario analysis for OAF Zambia
• Evaluate how weather and yield shocks impact farmer repayment and portfolio performance
• Contribute to market assessments and advise on farmer-centric financial protection products
• Help navigate initial partner conversations and shape long-term microinsurance strategy in Zambia
• Support the microinsurance aggregator licensing process
• Serve as interim principal officer upon approval
• Ensure ongoing compliance with regulatory and market-conduct standards

Required qualifications

• 5+ years in actuarial science, data science, or modelling, including direct experience building area yield and weather index insurance products
• Demonstrated actuarial modelling experience with R or Python for pricing, statistical modelling, and portfolio analysis
• Direct experience with credit scoring models and repayment risk scenario analysis
• Ability to use remote sensing applications, such as QGIS, for spatial and weather-index analysis
• Strong project management skills with a proven ability to maintain clear documentation across complex multi-stakeholder workstreams
• At least 3 years of experience in Zambia's insurance sector
• Certificate of Competence in Insurance
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field

Nice to have

• active membership with the Insurance Institute of Zambia (IIZ)

Benefits

• Health insurance
• housing
• comprehensive benefits

Before you apply

• This role is only open to citizens or permanent residents of Zambia

About the company

One Acre Fund equips 5.5 million smallholder farmers to make their farms more productive. The organization provides farm supplies, credit, training, and other agricultural services across nine countries.