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Job Description

To provide support within the Actuarial department for the life insurance company on following areas: Valuation, Experience Investigation, Asset Liability Matching, IFRS 17 Modeling, Reinsurance and other actuarial special projects

Description of Core Duties

Valuation:

• IFRS17 implementation support
• Analyze data for reserving and assumption setting
• Support the preparation of regulatory reports on a quarterly basis.
• Accurate and timely calculation of technical provisions ensuring the application of appropriate valuation methodologies, models and assumptions.
• Quarterly and annual valuations reporting and analysis
• Collaborating with external actuaries and auditors on preparation of year end valuation reports, the Financial Condition Report and other Statutory reports.
• Assist in developing and updating actuarial function related documents e.g., policies.

Experience Investigations:

• Assist in the annual experience investigations on key assumptions for valuations.
• Sensitivity analysis and impact assessment of the various assumptions.
• Asset Liability Modeling (ALM):Assist with the quarterly preparation of ALM calculations and presentations to management

Profitability monitoring:

• Sensitivity analysis and impact assessment of the various assumptions.
• Assist in Value of New business calculation and analysis.
• Provide support in reviewing and monitoring of internal experience and trends to ensure company product pricing meets profit targets
• Prepare reports on product performance for management decision making

Education and Experience:

• Bachelors’ degree in actuarial science, statistics, engineering, mathematics or any equivalent with a strong emphasis on mathematical proficiency
• Progress in the Institute and Faculty of Actuaries examinations or any other recognized Actuarial bodies
• At least 2 years’ experience in a life insurance actuarial function focused on valuation and any areas that may include pricing, modeling, experience investigations, reinsurance amongst others. 

Other attributes:

• Good interpersonal communications skills
• Good writing and verbal communications skills
• Sensitivity to Customer needs
• Ability to work as part of a team and independently

Technical Competencies:

• Statistical/actuarial techniques
• Proficient knowledge on the insurance industry in Kenya and regulatory requirements
• Proficiency in Excel
• Proficiency in Prophet coding will be an added advantage.
• Experience on IFRS17 implementation will be an added advantage.

Core competencies:

• Adhering to principles and values
• Delivering results and meeting customer expectations
• Self-driven and provide independent thinking
• Relationship building and Networking within and outside the organization
• Strong analytical skills
• Learning and researching
• Presenting and communicating Information
• Achieving personal work goals and objectives
• Connecting work to business objectives

How To Apply

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