See more Collapse

Manager, Actuarial Reserving at

1 month 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:
JHIL110
Role Purpose

The Manager Actuarial Reserving will play a pivotal role in ensuring the accuracy and adequacy of our medical insurance reserving processes.

This position requires a seasoned actuary with a strong background in medical insurance, reserving methodologies, and regulatory compliance. The successful candidate will be collaborating with cross-functional departments to support strategic decision-making and uphold financial stability.
Main Responsibilities

Actuarial reporting for financial & regulatory compliance.

Develop and implement actuarial reserving strategies to accurately assess and project medical insurance liabilities under regulatory basis, IFRS17, Financial Condition Reporting, Solvency & Risk Based Capital.

Evaluate and enhance existing reserving processes, ensuring alignment with industry best practices.
Oversee the preparation and analysis of reserving reports.
Collaborate with the finance team to ensure accurate financial statements and compliance with regulatory requirements.
Utilize advanced actuarial modeling techniques to project future liabilities and assess the impact of various scenarios.
Conduct regular reviews of models and assumptions, adjusting as necessary to reflect changing business conditions.
Collaborate with other relevant departments to gather data and insights for reserving purposes.
Work closely with risk management to assess and mitigate potential risks affecting the company's financial stability.
Stay informed about regulatory changes impacting medical insurance reserving.
Ensure compliance with all relevant regulations and reporting requirements.

Key Competencies

In-depth knowledge of actuarial principles, reserving methodologies, and modeling techniques specific to the medical insurance industry.
Strong understanding of insurance products, pricing, and risk assessment.
Ability to interpret and analyze financial statements, reserving reports, and related financial data.
Experience in managing financial projections and forecasting for medical insurance liabilities.
Knowledge of relevant regulatory requirements and the ability to ensure compliance with industry standards and regulations.
Excellent communication skills to convey complex actuarial concepts to non-technical stakeholders.
Ability to adapt to changing business conditions and implement necessary adjustments to reserving strategies.
In-depth knowledge of IFRS 17 standards and practical experience in their implementation

Requirements
Qualifications

Bachelor of Science in Actuarial Science, Mathematics, Statistics, or any other relevant field.
Professional actuarial exams (nearly qualified actuary under IFOA/SOA or equivalent).
IFRS17 and actuarial modelling expertise.
Proven leadership experience.
Strong knowledge of reserving methodologies, financial reporting, and regulatory compliance.
Excellent communication skills, with the ability to convey complex actuarial concepts to non-technical stakeholders.

Relevant Experience

Minimum five (5) years of experience in actuarial roles within the medical insurance industry.

We have other current jobs related to this field that you can find below

  • Actuarial Manager at

    2 weeks ago

    Nairobi, Nairobi Area, Kenya American International Group, Inc. (AIG) Full time

    American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. AIG, is an American multinational insurance corporation with more than 88 million customers in 130 countries. AIG companies employ over 64,000 people in 90 countriesMake your mark...

  • Actuarial Manager at

    4 weeks ago

    Nairobi, Nairobi Area, Kenya American International Group, Inc. (AIG) Full time

    American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. AIG, is an American multinational insurance corporation with more than 88 million customers in 130 countries. AIG companies employ over 64,000 people in 90 countriesMake your mark...

  • Manager - Actuarial Services at

    2 weeks ago

    Nairobi, Nairobi Area, Kenya Capex Life Assurance Kenya Full time

    Founded in 2000 with headquarters in Lagos, Nigeria, Capital Express Assurance has grown over the years to become one of the biggest life insurers in West Africa and has made the extra step to add Eastern Africa region to its global footprint. Operating as Capex Life Assurance in Kenya, we operate as a specialist life insurance company, with our major...

  • Manager - Actuarial Services at

    1 month ago

    Nairobi, Nairobi Area, Kenya Capex Life Assurance Kenya Full time

    Founded in 2000 with headquarters in Lagos, Nigeria, Capital Express Assurance has grown over the years to become one of the biggest life insurers in West Africa and has made the extra step to add Eastern Africa region to its global footprint. Operating as Capex Life Assurance in Kenya, we operate as a specialist life insurance company, with our major...

  • Actuarial Manager

    1 month ago

    Nairobi, Nairobi Area, Kenya American International Group, Inc. Full time

    Actuarial ManagerGet to know the business.AIG Kenya Insurance Co. Ltd has over 50 years of experience in General Insurance and are proud to offer AIG's innovative and tailored products and solutions to our customers across the county. We are a leading provider of insurance products and services for commercial and personal insurance customers. AIG offers a...

  • Manager Actuarial Services at

    1 week ago

    Nairobi, Nairobi Area, Kenya Insurance Regulatory Authority (IRA) Full time

    To be the leading insurance industry regulatorMission:To effectively regulate, supervise, develop the insurance industry and protect insurance beneficiaries.Job purposeThe position is responsible for ensuring that all the actuarial work is done in accordance with the requirements of the Insurance Act, including providing up-to-date reports upon analysis of...

  • Actuarial Officer at

    1 week ago

    Nairobi, Nairobi Area, Kenya Insurance Regulatory Authority (IRA) Full time

    To be the leading insurance industry regulatorMission:To effectively regulate, supervise, develop the insurance industry and protect insurance beneficiaries.Job PurposeThe position is responsible for reviewing data collected for accuracy and completeness, analyzing data, and preparing reports.Job SpecificationsDuties and responsibilities will entail:Prepare...

  • Actuarial Manager at

    2 weeks ago

    Nairobi, Nairobi Area, Kenya Kenyan Alliance Insurance Full time

    To provide unmatched Financial Solutions that delight our customers. We are committed to empowering our employees whilst embracing innovation & emerging technologies in order to maximize stakeholders value.Main Purpose of the Job- (Job Summary)The role holder is responsible for providing support to General and Life Insurance and other support functions in...

  • Actuarial Manager at

    1 month ago

    Nairobi, Nairobi Area, Kenya Kenyan Alliance Insurance Full time

    To provide unmatched Financial Solutions that delight our customers. We are committed to empowering our employees whilst embracing innovation & emerging technologies in order to maximize stakeholders value.Main Purpose of the Job- (Job Summary)The role holder is responsible for providing support to General and Life Insurance and other support functions in...

  • Reservations Manager

    2 weeks ago

    Nairobi, Nairobi Area, Kenya Accor Hotels Full time

    JOB SUMMARYTo maximize Hotel revenue by identifying and accurately recording guest needs and special requests, and conducting continues trainings for Reservations' team.QualificationsBachelors degree in Hotel Management or related field.Minimum 3 years' experience in a similar position.Comprehension of technical and managerial applications of Reservation...

  • Reservations Manager

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Accor Hotels Full time

    JOB SUMMARYTo maximize Hotel revenue by identifying and accurately recording guest needs and special requests, and conducting continues trainings for Reservations' team.QualificationsBachelors degree in Hotel Management or related field.Minimum 3 years' experience in a similar position.Comprehension of technical and managerial applications of Reservation...

  • Reservations Manager

    6 days ago

    Nairobi, Nairobi Area, Kenya Accor Full time

    Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation propertiesRole Overview Purpose: To maximize Hotel revenue by identifying and accurately recording guest needs and special requests, and conducting continues trainings for Reservations' team.Summary of Responsibilities: To supervise and...

  • Reservations Manager at

    1 month ago

    Nairobi, Nairobi Area, Kenya Flexi-Personnel Full time

    Flexi Personnel Ltd is a leading HR Company established in 2008. We are renowned for our exceptional services like Headhunting, HR Outsourcing, and Psychometric Assessments. What sets us apart as a Recruitment and Outsourcing Agency in Kenya and Africa is our client-centric approach and commitment to delivering tailored solutions. Job Purpose: The...

  • Actuarial Analyst at

    3 days ago

    Nairobi, Nairobi Area, Kenya Apollo Life Assurance - APA Insurance Full time

    Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda).PURPOSE:Responsibilities of the Actuarial...

  • Actuarial Analyst

    1 month 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 RefNo:JHIL112Role PurposeThe job holder...

  • Marketing Actuary

    1 week ago

    Nairobi, Nairobi Area, Kenya PULA Full time

    ABOUT THE COMPANYPula is an agricultural insurance and technology company that designs and delivers innovative agricultural insurance and digital products to help smallholder farmers endure yield risks, improve their farming practices, and bolster their incomes over time.JOB SUMMARYWe are seeking a highly skilled Marketing Actuary to join our team. This...

  • Reservations Agent at

    1 month ago

    Nairobi, Nairobi Area, Kenya Radisson Hotel Group Full time

    Radisson Hotel Group is one of the world's largest and most dynamic hotel groups with seven distinctive hotel brands with more than 1,100 hotels in destinations around the world.TASKS, DUTIES AND RESPONSIBILITIESMAXIMISES HOTEL REVENUE AND GUEST SATISFACTIONGreets guests over the phone in a friendly, courteous manner. Records reservation information...

  • Actuarial Graduate Trainee

    1 month ago

    Nairobi, Nairobi Area, Kenya Old Mutual Full time

    ABOUT THE COMPANYOld Mutual Kenya provides investment, savings, life assurance, asset management, banking and property and casualty insurance in Africa, Europe, the Americas and Asia. We have over 17 million customers and approximately employees.JOB SUMMARYTo carry out valuation of technical liabilities in GI and Health business, capital adequacy...

  • Reservations Agent at

    1 month ago

    Nairobi, Nairobi Area, Kenya Kempinski Hotels Full time

    Kempinski Hotels S.A. is Europe's oldest luxury hotel group. The group now has its head office in Geneva but was founded in Berlin in 1897 as the 'Hotelbetriebs-Aktiengesellschaft'.SummaryThe incumbent of this position is responsible to materialize the maximum number of requests and reservations.Key Responsibilities Review daily reservation accuracy, rate...

  • Reservation Officer at

    1 week ago

    Nairobi, Nairobi Area, Kenya Micato Safaris Full time

    For every guest who travels with us, we send a child to school. Just another reason to travel with the nine-time #1 World's Best Safari Outfitter (Travel + Leisure).SummaryReporting to the Reservation Manager, the main role for this position is making and confirming reservations for guests, handling incoming calls to the reservation department in a...