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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