Britam Team Leader Actuarial Services - Britam Life Jobs in Kenya

Britam Team Leader Actuarial Services - Britam Life Jobs in Kenya

Job Purpose

  • To provide actuarial support to the assigned LOB and participate in overall risk management for the company

    Key Responsibilities

  • Select appropriate reserve calculation method and calculate reserves and complete valuations

  • Determine the bonus stabilization reserve for DA business

  • Provide analysis to support the renegotiation of the existing contracts

  • Review overall mortality tables and trends

  • Review Business Plan projections and sensitivity analysis

  • Carry out an Analysis of Embedded Value Movements including comparison with prior period movements

  • Supervise and provide guidance with data preparation and analysing key risk exposures

  • Conduct assessment of company policies in relation to Capital Allocation/Management, Bonus Policy, Dividend Policy, ALM and Hurdle Rate determination and prepare Management and Board reports

  • Review data preparation and respond to requests from stakeholders in readiness for IFRS 17 implementation

  • Provide input in product development for the LOB

  • Product pricing and setup in the actuarial pricing and valuation system

  • Review and monitor experience on all products to inform decision making including profit testing of existing products

  • Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring

  • Address all areas
    raised by the IRA in their risk inspection and continue to highlight emerging risks

  • Perform any other duties as may be assigned from time to time

    Key Performance Measures

    • As described in your Personal Score Card

    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 (9 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

    For more information and job application details, see; Britam Head of Customer Innovation Jobs in Kenya

    Find jobs in Kenya. Jobs - Kenya jobs. Search our career portal & find the latest Kenyan job positions, career opportunities & jobs in Kenya.

    Jobs in Kenya - banking jobs, IT jobs, accounting jobs, NGO jobs, business administration, ICT, UN jobs, procurement jobs, education jobs, hospital jobs, human resources jobs, engineering, teaching jobs, and other careers in Kenya.

    Find your dream job from 1000s of vacancies in Kenya posted and updated daily - click here!

  • Click here to post comments

    Join in and write your own page! It's easy to do. How? Simply click here to return to NGO Jobs in Africa.