Insurance Regulatory Authority Actuarial Officer Jobs in Kenya

Insurance Regulatory Authority Actuarial Officer Jobs in Kenya


Job Summary

  • Responsible for the implementation of actuarial policies and procedures as well as monitoring and evaluating their effectiveness in achieving the Authority‚Äôs goals and objectives

    Principle Responsibility

    Key Responsibilities and main task

  • Analyse applications for new products

  • Analyse actuarial valuation and financial condition reports for life and general business insurance

  • Identify actuarial parameters suitable for the insurance industry

  • Analyse premium rates for general insurance companies

  • Analyse technical reserves for insurers

  • Develop and update IRA Electronic Regulatory System ERS) new releases and templates Policy development and Compliance

  • Participate in the formulation and development of actuarial policies and procedures

  • Participate in on-site inspections of insurance companies

  • Carry out actuarial investigation and analysis of the insurers and advice the management and the Board

  • Develop and update Risk Based Supervision (RBS) Models, Capital models and other Actuarial Models

    Required Qualifications

    Education and knowledge

  • Bachelors degree in Actuarial Science, Mathematics or Statistics or equivalent from a
    recognized University;

  • Pursuing professional Actuarial qualification;

  • Member
    of the Institute of Actuaries (London) or Faculty of Actuaries (Scotland) or
    similar professional body;

  • Proficiency in ICT

    Experience

  • At least 1 year relevant experience;

  • Experience in preparation of analytical and numerical reports;

  • Experience analysing financial and statistical reports.

    Skills

  • Strong communication and reporting skills;

  • Strong organization and inter personal skills;

  • Good analytical, investigative, auditing and inspection skills

    Competences

  • Professionalism;

  • Ethical and integrity;

  • Strategic thinking;

  • Ability to work under pressure, prioritize and multi task

    How to Apply

    For more information and job application details, see; Insurance Regulatory Authority Actuarial Officer Jobs in Kenya


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