Absa Bank Limited Actuary Jobs in Kenya

Absa Bank Limited Actuary Jobs in Kenya

Job Summary

  • Responsible for providing support in terms of data, modelling and calculations to the Actuarial team to ensure delivery on valuations, profitability monitoring, capital calculations and new products.

  • Provide support for reporting to the regulators and the Absa Group.

  • Perform all other duties as reasonably assigned.

    Job Description

    Accountability: Data and model development (30 %)

  • Perform data checks and create model point files

  • Ensure that the data reconciles with the financials and perform other data checks to ensure the data is correct and credible.

  • Liaise with Group Actuary and Statutory Actuary to ensure that the data reconciliations are signed off according to the Absa Group valuations timelines.

    Accountability: Liability valuation and financial reporting (40 %)

  • Support the valuation team to perform the liability valuation, regulatory capital calculation and embedded value calculation.

  • Provide support to calculate the regulatory and published disclosures

    Product Development (30%)

  • Support the execution of the product strategy in an agile manner

  • Understand the customer need and specific customer problem the business are solving for in designing product solutions that differentiates itself from the market

  • Support the design of innovative solutions that consider the end to end
    customer journey and policy lifecycle

  • Understand the competitive landscape and general commercial and economic environment through market research in order to help inform product design

  • Collaborate with functional support and risk areas in the product design process. This includes Customer Experience, Distribution, Underwriting, Claims, Policy Servicing, Fraud, Legal, Risk, Compliance, Technology, etc.

  • Development and reporting of key performance and experience monitoring metrics

  • Support formal product reviews

  • Analyse product profitability and recommend product design changes where necessary

  • Understand and ensure adherence to regulatory requirements and internal governance and control policies and procedures

  • Perform all other duties as reasonably assigned


    Bachelor's Degree

  • Actuarial Science (Required)

    How to Apply

    For more information and job application details, see; Absa Bank Limited Actuary Jobs in Kenya

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