Actuarial Analyst

Full Job Description

To provide support within the Actuarial department for the life insurance company on following areas: Valuation, Experience Investigation, Asset Liability Matching, IFS 17

Modeling, Reinsurance and other actuarial special projects

Description of Core Duties

1. Valuation:

• IFRS17 implementation support
  
• Analyze data for reserving and assumption setting o 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.,
  
  e most relevant experience by remembering your preferences and repeat visits.
  

• 
  

  2. Experience Investigations:
  

  • Assist in the annual experience investigations on key assumptions for valuations.
    
  • Sensitivity analysis and impact assessment of the various assumptions.
    

  3. Asset Liability Modeling (ALM):
  

  • Assist with the quarterly preparation of ALM calculations and presentations to management
  

  4. 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
  

  5. Education and Experience:
  

  • Bachelors' degree in actuarial science, statistics, engineering, mathematics or any equivalent with a strong emphasis on mathematical proficiency
  

• Technical Competencies:
  

• Statistical/actuarial techniques
  
• Proficient knowledge on the insurance industry in Kenya and regulatory requirements
  
• Proficiencv in Excel
  
• • Statistical/actuarial techniques
  
• • Proficient knowledge on the insurance industry in Kenya and r requirements
  
• • Proficiency in Excel
  
• • Proficiency in Prophet coding will be an added advantage.
  
• • Experience on IRS17 implementation will be an added advant
  
• 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