Actuarial Analyst – GI Job, Current Actuarial Science Jobs In Kenya

Job Purpose

  • The role holder is responsible for assisting in the day-to-day running of the Actuarial unit by performing analysis; experience investigations, business projections, valuation of technical liabilities; and preparing management & regulatory reports for the assigned LOBs.
  • He/she is also responsible for knowledge transfer through guiding the Actuarial associates and interns.

Key responsibilities

  • Select appropriate reserve calculation method and calculate reserves. 
  • Review and monitor experience on all products to inform decision making on reserving assumptions.
  • Provide analysis to support the renegotiation of the existing contracts.
  • Carry out business projections for the annual business planning exercise, strategy reviews and for capital management/solvency purposes as well as Stress and Scenario testing on the projections and facilitate management reports on the stresses.
  • Prepare comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring.
  • Providing clarification to finance function, appointed actuary, and external auditor queries on the disclosure requirements and/or methodology used.
  • Prepare data to help address all matters raised by the IRA in their risk inspection and continue to highlight emerging risks.
  • Conversant with IFRS 17 requirements and valuations.
  • Provide data and initial assessment in relation to Bonus Policy, Dividend Policy and ALM.
  • Supervising, mentoring and coaching Actuarial Associates and Interns
  • Perform any other duties as may be assigned from time to time

Key Performance Measures

    • As described in your Personal Scorecard

Knowledge, experience and qualifications required

  • University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency
  • 2-4 years’ experience in a similar position 
  • Progress in Institute of Actuaries examinations (At least 6 papers)

Technical/ Functional competencies

  • Statistical techniques 
  • Proficient knowledge on the insurance industry in Kenya 
  • Knowledge of reinsurance arrangements and structures
  • Knowledge of statistical packages or programming (e.g. SAS, Visual Basic) 
  • Database management systems.

How to Apply


Unposting Date: 19-06-2022

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