Insurance Regulatory Authority Actuarial Officer Jobs in Kenya

Insurance Regulatory Authority Actuarial Officer Jobs in Kenya

Job purpose

  • The position is responsible for reviewing data collected for accuracy and
    completeness, analysis of data and preparation of reports.

    Job Specifications

    Duties and responsibilities will entail:

  • Prepare reports on analysis of products, premium rates, financial
    condition reports and technical reserves for insurers.

  • Review the data analysis and insights on technical reserves reports,
    financial condition reports and actuarial valuation reports for
    completeness and accuracy of information.

  • Prepare draft reports on capital adequacy ratios to ensure that the
    reports are accurate, complete and prepared in accordance with the
    provisions of the insurance act.

  • Develop of data collection templates, data analysis and preparation of
    reports on insurance industry performance as required by the
    Insurance Act;

  • Determine the solvency and financial condition of regulated entities
    including reviewing actuarial reserves and risk-based capital
    calculations and the statements of actuarial opinion provided by each
    company’s appointed actuary.

  • Prepare reports on analysis on financial stability of insurers and
    implementation of macro prudential policy including carrying out
    regular macro stress tests and preparing documents for public
    communication on the tests.

  • Conduct data validation of quarterly and annual insurance statistics to
    check on completeness and consistency of insurance data;

  • Update various performance indicators, ratios and industry
    benchmarks and averages;

  • Analyse, evaluate and interpret insurers’ financial statements and
    returns to ensure disclosures regarding various insurance parameters
    such insurance premiums, income, expenditure, assets and liabilities.

    Persons Specifications

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics or
    Financial Engineering; and

  • Meets provision of chapter six of the Constitution.

    Competencies and skills

  • Strong communication and presentation skills

  • Good analytical skills

  • Problem solving
  • Professionalism

    How to Apply

    For more information and job application details, see; Insurance Regulatory Authority Actuarial Officer 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 1 Best Africa Jobs.