Reeds Africa Consult Assistant Manager - Actuarial Services Jobs in Kenya

Reeds Africa Consult Assistant Manager - Actuarial Services Jobs in Kenya

Job Summary:

Our client is looking for An ASSISTANT MANAGER - ACTUARIAL SERVICES who will be responsible for providing actuarial services: Evaluating and providing advice regarding technical provisions, premium pricing, and compliance with related statutory and regulatory requirements by ensuring the company's technical functions are carried out in a prudent and transparent manner.

Key Responsibilities

Customer perspective

  • Product development and design, including analysis of terms and conditions of insurance contracts.

    Financial Perspective

  • Preparation of data to be used in the calculation of technical provisions, ensuring sufficiency and quality monthly.

  • Determine and monitor the level of profitability and performance of products including scenario and sensitivity testing quarterly.

  • Asset liability modeling and matching to enable the company to come up with optimal investment strategies.

    Processes perspective

  • Facilitate and liaise with the appointed actuary, the IRA, and external auditors on exercises and issues relating to the life fund including the Deposit Administration fund.

  • Evaluate and provide advice on the company's actuarial and financial risks.

  • Evaluate and provide advice on the current and prospective solvency position of the company.

  • Evaluate underwriting policies and reinsurance arrangements.

    People perspective

  • Participation in the facilitation of BSC and JD and ensuring the BSC is signed off on target in consultation with the supervisor.

    Key Requirements & Skills

  • Bachelor of Science (Actuarial Studies) Completed at least 6 professional core actuarial papers (Fellowship Exams 2019)

  • 5 years' experience of relevant work experience

    How to Apply

    Qualified candidates to send updated CV to:

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