Group Head

2 months ago

Nairobi, Nairobi Area, Kenya Jubilee Insurance Full time
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937.

Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.

Job Ref

No:
JHL023
Role Purpose

As the Group Head of Actuarial, you will lead a team of actuaries responsible for providing strategic guidance, risk assessment, and financial insights to support decision-making within the Group.

You will oversee the actuarial functions across various business lines and geographical regions, ensuring compliance with regulatory requirements and alignment with company objectives.

This role requires strong leadership, technical expertise, and the ability to communicate complex concepts effectively to stakeholders at all levels.

Main Responsibilities

Strategy

Develop and implement the strategic vision for the actuarial function in alignment with the company's overall goals and objectives.

Translate strategy into actionable steps for growth, implementing groupwide goal setting, performancemanagement, and annual departmental planning.
Establish, implement, and communicate the strategic direction of the department's goals, collaborating with other divisions and departments.
Ensure that departmental decisions, project plans, and budgets such as those for staffing, development, and teamexecution are aligned.
Ensure the department's strategy are aligned to the Board approved budgets.
Promote the use of industry leading trends and technologies.
Collaborate with senior management to integrate actuarial insights into business planning and decisionmaking processes.
Provide leadership and guidance to the actuarial teams in each country, fostering collaboration, innovation, and excellence.

Actuarial

Risk Assessment and Management:
Oversee the development and implementation of robust risk management frameworks and processes across all countries of operation.

Lead the preparation of financial projections, including pricing, reserving, and capital management, to support strategic decision-making and regulatory compliance.

Lead the development of actuarial models and methodologies for assessing and managing risks related to insurance products, investments, and liabilities.

Monitor and analyse key risk metrics, trends, and emerging risks, providing recommendations to mitigate risks and optimize capital allocation.

Ensure compliance with regulatory requirements and internal risk management policies.

Financial Analysis and Reporting:
Oversee the preparation of actuarial reports, financial projections, and profitability analyses for internal and external stakeholders.
Provide insights into the financial performance of insurance products, pricing strategies, and investment portfolios.
Collaborate with finance, accounting, and other departments to ensure accuracy and consistency in financial reporting.

Product Development and Pricing:

Partner with product development teams to design innovative insurance products that meet customer needs while balancing risk and profitability objectives.

Conduct pricing analyses and recommend appropriate pricing strategies based on actuarial assumptions, market dynamics, and competitive landscape.
Monitor product performance and recommend adjustments to pricing, underwriting guidelines, and risk management strategies as needed.

Actuarial Modelling and Analytics:
Oversee the development and maintenance of actuarial models to assess insurance liabilities, reserve adequacy, and solvency capital requirements.
Utilize advanced analytics techniques and predictive modelling to enhance underwriting decisions, customer segmentation, and pricing optimization.

Stay abreast of industry trends, best practices, and regulatory changes in actuarial science and incorporate them into modelling methodologies and practices.


Stakeholder Management:

Serve as a trusted advisor to senior management, board of directors, and external stakeholders on actuarial matters, including risk management, financial performance, and strategic initiatives.

Build and maintain effective relationships with regulatory authorities, rating agencies, auditors, and other external stakeholders.
Communicate actuarial findings, insights, and recommendations in a clear, concise manner to nontechnical audiences.

Board Reporting

Undertake regular and appropriate reporting to the Board of Directors on the performance of the Department.

Work with the Board of directors and other executives to establish short-term objectives and longrange goals, andrelated plans and policies.

Ensure that business change projects are delivered in line with directions from Board.
Report regularly to the Board of Directors on actuarial matters, including risk exposures, financial projections, and regulatory compliance.

Engage with senior executives, regulators, and other stakeholders to ensure transparency, accountability, and alignment of actuarial practices with organizational objectives.

Corporate Governance

Ensure compliance with regulatory requirements and industry standards in all countries of operation, liaising with local regulators as necessary.

Establish and maintain effective governance structures for the actuarial function, including policies, procedures, and internal controls

Compliance:
Stay updated on insurance related, industry regulations, compliance requirements, and best practices.

Adherence to the laws and regulations of Kenya, the policies and regulations within the insurance industry and all internal company policies and procedures.

Ensuring compliance with applicable statutory and regulatory requirements and establishing mitigation measures against emerging business risks.
Implement effective risk management strategies, including appropriate internal controls, to mitigate operational, financial, and regulatory risks.

Leadership & Culture

Lead and manage the regional actuarial team, providing direction, coaching, and performance management.
Represent the company in external engagements such as industry forums, regulatory meetings, and professional associations.
To provide the much-needed transformational leadership to meet and surpass the expectations of the Board.

Recruit, develop, and retain top talent within the actuarial teams across different countries, promoting a culture of continuous learning and professional growth.

Provide leadership and mentorship to team members, fostering a collaborative and high-performing work environment.

Continuous Improvement and Innovation

Drive continuous improvement initiatives within the actuarial function, leveraging technology, data analytics, and industry best practices to enhance efficiency and effectiveness.

Promote a culture of innovation and creativity, encouraging the exploration of new ideas and approaches to address evolving business challenges.

Key Competencies

Leadership and team management skills.
Strategic thinking and decision-making ability.
Strong analytical and problem-solving skills.
Excellent communication and interpersonal skills.
Adaptability and flexibility in a dynamic business environment.
Ability to manage multiple priorities and deadlines.
Attention to detail and accuracy.
Business acumen and understanding of insurance operations.
In-depth understanding of the industry and the workings of different departments of a company, including finance, sales, and human resources

Dynamic and strategically minded individual with a passion for performance, team play and achievement in a competitive and dynamic environment.

Excellent interpersonal, negotiation and conflict management skills.
Excellent communication and stakeholder management skills.

Requirements
Qualifications

Master's Degree in Actuarial Science, Mathematics, Statistics, or related fields.
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or related fields.
Fellowship Qualification within the Actuarial Field.

Relevant Experience

Over 10 years of experience in actuarial roles, with progressive responsibilities.
Previous experience in leadership or managerial positions preferred.
Strong knowledge of insurance products, markets, and regulations.
Experience working with diverse teams and managing complex projects.

  • Head - Group Finance Reporting & Controls

    4 weeks ago

    Nairobi, Nairobi Area, Kenya KCB Group Full time

    ABOUT THE COMPANYKCB Bank Group is East and Central Africa's oldest and largest commercial banking and has through its history set new records becoming the No.1 Bank in the region.JOB SUMMARYMINIMUM POSITION QUALIFICATIONS:The preferred candidate will meet the following minimum criteria:Hold a Bachelor's degree in any business related field from a recognized...

  • Head - Group Finance Reporting & Controls

    2 months ago

    Nairobi, Nairobi Area, Kenya KCB Group Full time

    ABOUT THE COMPANYKCB Bank Group is East and Central Africa's oldest and largest commercial banking and has through its history set new records becoming the No.1 Bank in the region.JOB SUMMARYMINIMUM POSITION QUALIFICATIONS:The preferred candidate will meet the following minimum criteria:Hold a Bachelor's degree in any business related field from a recognized...

  • Group CFO at HCS Affiliates Group

    3 months ago

    Nairobi, Nairobi Area, Kenya HCS Affiliates Group Full time

    HCS Affiliates Group, is a one-stop human resources and management consultancy organization, headquartered in Nairobi, Kenya.Our Client, operating a portfolio of various businesses in hospitality, manufacturing, real estate, farming and retail sectors, seeks to recruit a Group CFO who will provide strategic direction and thought leadership in the Finance...

  • Group CFO at

    4 weeks ago

    Nairobi, Nairobi Area, Kenya HCS Affiliates Group Full time

    HCS Affiliates Group, is a one-stop human resources and management consultancy organization, headquartered in Nairobi, Kenya.Our Client, operating a portfolio of various businesses in hospitality, manufacturing, real estate, farming and retail sectors, seeks to recruit a Group CFO who will provide strategic direction and thought leadership in the Finance...

  • Head - Group Finance Reporting & Controls at

    2 weeks ago

    Nairobi, Nairobi Area, Kenya KCB Bank Kenya Full time

    Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya - incorporated with effect from January 1, and all KCB's regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South SudanKEY...

  • Head - Group Finance Reporting & Controls at

    4 weeks ago

    Nairobi, Nairobi Area, Kenya KCB Bank Kenya Full time

    Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya - incorporated with effect from January 1, and all KCB's regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South SudanKEY...

  • Head of Human Resources at

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Ramco Group Full time

    Mr Rambhai came to Kenya in the early 1940s from the Gujarat region of India. He started a small hardware store in downtown Nairobi in 1948 and that was the humble beginnings of what is now the Ramco Group.SummaryThis is a full-time on-site role for a Head of Human Resources at Ramco Group. The Head of Human Resources will be responsible for managing and...

  • Head of Human Resources at

    2 months ago

    Nairobi, Nairobi Area, Kenya Ramco Group Full time

    Mr Rambhai came to Kenya in the early 1940s from the Gujarat region of India. He started a small hardware store in downtown Nairobi in 1948 and that was the humble beginnings of what is now the Ramco Group.SummaryThis is a full-time on-site role for a Head of Human Resources at Ramco Group. The Head of Human Resources will be responsible for managing and...

  • Group Finance Executive

    2 weeks ago

    Nairobi, Nairobi Area, Kenya Safal Group Full time

    Main purpose of the position:The incumbent will identify and create key reports and MIS to monitor, study and analyse planned vs actual financial performance of the Business Units and present a consolidated view of the Group.Reporting in to this position (designation and level)Routine/Direct: None Functional/Indirect: None Close coordination with: Group...

  • Group Finance Executive

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Safal Group Full time

    Main purpose of the position:The incumbent will identify and create key reports and MIS to monitor, study and analyse planned vs actual financial performance of the Business Units and present a consolidated view of the Group.Reporting in to this position (designation and level)Routine/Direct: None Functional/Indirect: None Close coordination with: Group...

  • Head of Business Development at

    7 days ago

    Nairobi, Nairobi Area, Kenya NCBA Group Full time

    The new NCBA has harnessed the power of both NIC and CBA to create a bank that brings together the best of both worlds from cutting edge mobile banking to good old-fashioned relationship management; from scalable business banking to financial services that grow as your business does; from best-in-class choice of products to investment solutions tailored to...

  • Head, Fundraising

    2 days ago

    Nairobi, Nairobi Area, Kenya KCB Group Full time

    ABOUT THE COMPANYKCB Bank Group is East and Central Africa's oldest and largest commercial banking and has through its history set new records becoming the No.1 Bank in the region.JOB SUMMARYThe PersonFor the above position, the successful applicant should have the following:Bachelor's Degree from a recognized universityAt least 8 years' experience in Donor...

  • Head, Group Internal Consulting

    7 days ago

    Nairobi, Nairobi Area, Kenya NCBA Full time

    ABOUT THE COMPANYThe new NCBA has harnessed the power of both NIC and CBA to create a bank that brings together the best of both worlds — from cutting edge mobile banking to good old-fashioned relationship management; from scalable business banking to financial services that grow as your business does; from best-in-class choice of products to investment...

  • Group Head of HR at

    2 months ago

    Nairobi, Nairobi Area, Kenya Stratostaff Full time

    At Stratostaff we design, implement and manage workforce solutions for large, specialized or routine staff complements giving you the opportunity to focus on your core business.Roles & Responsibilities:Strategic Planning: Develop and review group-wide HR strategic plans, policies, and operating models, providing leadership and direction to line...

  • Group Head of HR at

    2 weeks ago

    Nairobi, Nairobi Area, Kenya Stratostaff Full time

    At Stratostaff we design, implement and manage workforce solutions for large, specialized or routine staff complements giving you the opportunity to focus on your core business.Roles & Responsibilities:Strategic Planning: Develop and review group-wide HR strategic plans, policies, and operating models, providing leadership and direction to line...

  • Group Head of HR at

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Stratostaff Full time

    At Stratostaff we design, implement and manage workforce solutions for large, specialized or routine staff complements giving you the opportunity to focus on your core business.Roles & Responsibilities:Strategic Planning: Develop and review group-wide HR strategic plans, policies, and operating models, providing leadership and direction to line...

  • Head of SME

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Absa Group Ltd Full time

    JOB SUMMARYPreferred QualificationDegree from a Recognized UniversityEssential Detailed knowledge of the Core set productsFor Complex products, will have a detailed knowledge of the requirements of the more sophisticated customers.Introduce the product and co-ordinate the introduction of the relevant Group product specialist.A good knowledge of the products...

  • Head of SME

    2 months ago

    Nairobi, Nairobi Area, Kenya Absa Group Ltd Full time

    JOB SUMMARYPreferred QualificationDegree from a Recognized UniversityEssential Detailed knowledge of the Core set productsFor Complex products, will have a detailed knowledge of the requirements of the more sophisticated customers.Introduce the product and co-ordinate the introduction of the relevant Group product specialist.A good knowledge of the products...

  • Group Head: Platform Engineering

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Cellulant Group Full time

    ABOUT THE COMPANYWe deliver the most connected one-stop mobile payments and digital commerce service for businesses, mobile network operators, financial institutions and their consumers. Find out how we deliver for each of these partners below.JOB SUMMARYPrimary Responsibility: Ensure the end-to-end health of shared infrastructure and platforms for Cellulant...

  • Manager, Home Loans Sales at Standard Bank Group

    3 months ago

    Nairobi, Nairobi Area, Kenya Standard Bank Group Full time

    Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. "Africa is our home, we drive her growth" Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value.Job Purpose.Maximize on internal...