Actuarial Analyst

Date Posted: Nov. 11, 2022, 9:43 a.m.

ICEA Lion Group

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

Apply for this Job Now

Related Jobs

Madison Group

Actuarial Analyst

Madison Group careers, Madison Group salaries. 2022 Job vacancies at Madison Group for Actuarial Analyst in Kenya. Apply today.

banking & insurance Nairobi, Kenya Nov/25/2022
Old Mutual

Broker Consultant

Old Mutual careers, Old Mutual salaries. 2022 Job vacancies at Old Mutual for Broker Consultant in Kenya. Apply today.

banking & insurance Nairobi, Kenya Nov/18/2022
Jubilee Insurance

Care Manager (Field)

Jubilee Insurance careers, Jubilee Insurance salaries. 2022 Job vacancies at Jubilee Insurance for Care Manager (Field) in Kenya. Apply today.

banking & insurance Nairobi, Kenya Nov/17/2022
Britam

Corporate Audit Assurance Manager

Britam careers, Britam salaries. 2022 Job vacancies at Britam for Corporate Audit Assurance Manager in Kenya. Apply today.

banking & insurance Nairobi, Kenya Nov/16/2022