Frank Management Consult Actuarial Manager Jobs in Kenya

Frank Management Consult Actuarial Manager Jobs in Kenya

Job Purpose:

The role holder will be responsible for offering technical guidance on insurance risks, reserving the right proportions of premiums and ensuring capital adequacy ratios are aligned to regulatory guidelines.

Roles & Responsibilities:

  • Product development and approval

  • Provide capital adequacy and underwriting strategy guidance

  • Provide guidelines on appropriate reserving guidelines

  • Perform profitability and experience analysis

  • Formulate liability valuation and product pricing

  • Collaborate with the finance function in regulatory reporting, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements.

  • Co-ordinate the supplementary reporting requirements to Annual Financial Reports.

  • Review the product performance with regards to their claims and expense experience and advice on appropriate pricing.

  • Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy.

  • Work with the risk and compliance department in the quantification of financial and operational risk in the business

  • Coordinate the preparation of business plans/budgets and capital management initiatives for the general business.

  • Provides input to the enterprise risk management by conducting stress and scenario testing etc.

  • Support the formulation of appropriate
    investment strategies and/or review and monitoring of investment strategies

  • Supervise, mentor and coach staff under supervision

  • Be highly conversant with IFRS 17 requirements and have the relevant skills to implement the new standard.

  • Prepare Board Papers and regulatory solvency and valuation reports

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

    Minimum Requirements:

  • Bachelor’s degree in Actuarial Science

  • 6+ years’ relevant experience with at least 4+ years at management level

  • Fellow or nearly qualified member of the Institute of Actuaries or any other recognized actuarial body

  • Member of Actuarial Society of Kenya

    How to Apply

    For more information and job application details, see; Frank Management Consult Actuarial Manager Jobs in Kenya

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