Insurance Regulatory Authority Actuarial Officer Jobs in Kenya

Insurance Regulatory Authority Actuarial Officer Jobs in Kenya


Purpose of the Job

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

    Key Responsibilities

    Actuarial Analysis

  • Analyze applications for new products.

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

  • Identify actuarial parameters suitable for the insurance industry.

  • Analyze premium rates for general insurance
    companies.

  • Analyze 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

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or its equivalent.

  • Minimum KCSE Grade B+

  • Proficiency in ICT

    Experience

  • This is an entry level job with no experience required

    Skills

  • Strong communication and reporting skills;

  • Strong organization and inter personal skills; and

  • Good analytical, investigative, auditing and inspection skills

    Competences

  • Professionalism;

  • Ethical and integrity;

  • Strategic thinking; and

  • 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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