Alliance Insurance Graduate Trainee Program 2026

Alliance Insurance Company is inviting applications for its Graduate Trainee Actuarial Analyst opportunity.

This opportunity is designed for highly motivated, analytical, and detail-oriented graduates who want to build a career in actuarial practice, insurance analytics, financial modelling, product pricing, valuations, and risk analysis.

The program offers structured training, mentorship, and exposure to real business challenges while helping graduates build a strong professional foundation in actuarial work.

About the Company

Alliance Insurance Company is a licensed financial services provider in Lesotho. The company provides insurance products and services and is focused on supporting individuals, businesses, and communities through reliable financial protection solutions.

The company operates with a strong emphasis on professionalism, financial soundness, product competitiveness, and service delivery.

About the Graduate Trainee Role

The Actuarial Analyst Graduate Trainee role is an experiential learning opportunity designed to expose graduates to the practical side of actuarial work within an insurance company.

Successful candidates will support actuarial valuations, experience analysis, product pricing, reporting, and strategic projects that contribute to the financial strength and competitiveness of the company’s insurance product portfolio.

The role is suitable for candidates who are strong in mathematics, statistics, data analysis, financial modelling, and analytical problem solving.

Position

• Actuarial Analyst
• Graduate Trainee

Duration of Engagement

• 12 or 18 months experiential learning

Key Responsibilities

Selected candidates will be involved in:

• Performing PAA valuations, including IBNR calculations, modelling, experience analysis, and performance analysis
• Performing GMM liability valuations for funeral, credit life, and investment products
• Performing expense analysis and lapse and withdrawal analysis
• Conducting mortality experience analysis
• Documenting all experience analysis processes and maintaining relevant records
• Performing product management analysis, including product performance monitoring and reporting
• Supporting product development initiatives through actuarial modelling and feasibility studies
• Assisting with asset liability matching models and Capital Adequacy Requirement calculations

Qualifications, Experience and Competencies

Applicants should possess:

• Bachelor’s Degree in Actuarial Science as a minimum requirement
• No prior work experience required
• Exposure to actuarial modelling software, Excel, R, or Python is advantageous
• Knowledge of insurance products is beneficial
• High level of accuracy when working with financial data, models, and reports
• Solid foundation in mathematics, statistics, and data analysis
• Strong learning agility
• Good communication skills
• Teamwork and collaboration ability

Who Should Apply

This opportunity is suitable for graduates who are interested in:

• Actuarial science
• Insurance analytics
• Risk modelling
• Product pricing
• Financial reporting
• Data analysis
• Insurance product development
• Actuarial valuations
• Long-term actuarial career growth

Deadline: 1st June, 2026

How to Apply

Interested applicants should send an application including copies of relevant certificates, CV, and motivation for the position by email to: careers@alliance.co.ls

Only shortlisted candidates will be contacted.