Tausi Assurance Actuarial Officer Jobs in Kenya

Tausi Assurance Actuarial Officer Jobs in Kenya

  • Tausi Assurance is a growing company making great strides in the Insurance Industry dealing in General Insurance.

  • We have been around for well over 20 years and are proud of our unquestionable legacy of excellence in serving our clients.

  • In quest of strengthening our compliance function, we are currently looking to recruit a suitable, qualified, and experienced individual to join our team as an Actuarial Officer.

  • The successful candidate will mainly be responsible for all actuarial services of the company.

    Duties and Responsibilities

  • Actuarial Reserving – calculate the technical liabilities using appropriate actuarial methodologies.

  • Capital Management – Perform quarterly risk based capital calculations and provide capital adequacy statements.

  • IFRS 17 Preparedness and transition – be part of the IFRS 17 project team to implement the IFRS 17 and ensure compliance.

  • Reporting and Compliance – ensure compliance with statutory and management reporting requirements of the actuarial function.

  • Conduct relevant stress tests and scenario analysis on the financials.

  • Product development – provide actuarial input in product development process i.e. pricing of new products and respective business plan projections.

  • Prepare industry analysis and peer review to provide market intelligence

  • Reinsurance support – Assist the reinsurance department in assessment of reinsurance programs during renewals.

  • Periodical determination and evaluation of premium rates using experience rating methodology.

  • Responsible for investigation of data with regards to pricing, profitability, experience analysis or as may be directed, towards informing business decisions.

  • Offer assistance in strategy development and review, and planning financial projections.

  • Offer general actuarial support to
    the different functions within the company such as underwriting, reinsurance, risk, finance, and board committees

  • Participate in special projects as would be directed by management

  • Liaise with the external appointed actuary during annual valuation.

  • Prepare required actuarial and other analyses for management reporting and make recommendations to support these analyses.

  • Translate actuarial concepts into easily understandable language for use internally and externally for our clients.

    Minimum qualifications and experience

  • Bachelor of Science, Actuarial Science degree from a recognized university

  • Must have passed at least 5 professional Actuarial papers from the Institute of Actuaries, UK or society of Actuaries, USA

  • Minimum of 5 years post qualification experience, preferably in the Insurance Industry

  • Proficient in MS Office applications and actuarial related systems software

    Other attributes

  • Excellent numeracy

  • Problem solving ability.

  • Research and analytical ability.

  • Attention to detail.

  • High standards of professionalism and ethics.

    How to Apply

  • Application letters and copy of current CV in one document with names of and addresses of three referees should be sent by email to

  • hr@tausiassurance.com so as to reach us on or before 2nd May 2022.

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