Actuarial Analyst – Systems and Reporting

2 days ago

Nairobi, Nairobi Area, Kenya CIC Group Full time 2,400,000 - 3,200,000 per year
About UsCIC Insurance Group is a leading insurance and financial services organisation with more than five decades of experience helping individuals, families, and organizations achieve financial security.

We have grown into a dynamic Group offering life, general, micro insurance, asset management, and investment solutions, with operations in Kenya, Uganda, South Sudan, and Malawi, and are listed on the Nairobi Securities Exchange.

Our tagline, "We Keep Our Word," reflects our unwavering commitment to integrity, transparency, and delivering on our promises to our clients, partners, and communities.

CIC Group is passionate about innovation, digital transformation, and inclusive insurance solutions that meet the evolving needs of cooperatives, SMEs, corporates, and individuals. By joining us, you will be part of a team that is shaping the future of financial protection across Africa.

About the Role
We are seeking a proactive and technically skilled Actuarial Analyst to join our Group Actuarial team. The role will support the Actuarial Manager – Systems and Reporting in driving automation, systemization, and continuous improvement of actuarial reporting processes across our Life and General Insurance entities. This position is ideal for an actuary who enjoys working with data, actuarial models, and systems, and is keen to contribute to IFRS 17 and financial reporting transformation at Group level.

Key Responsibilities
  • Support the automation and systemization of IFRS 17 actuarial reporting processes for Life and General Insurance entities.
  • Perform data preparation, validation, and reconciliations to support actuarial modelling and reporting.
  • Assist in maintaining actuarial model configurations, assumptions, and documentation.
  • Support development, testing, and enhancement of actuarial models used for valuation, reserving, and financial projections.
  • Participate in the integration of actuarial models with Group reporting platforms and data systems.
  • Provide testing and documentation support for system improvements and upgrades.
  • Collaborate with Finance, IT, and subsidiary actuarial teams to ensure accuracy, efficiency, and consistency of actuarial outputs.
Who We're Looking For

Qualifications
  • Bachelor's degree in Actuarial Science, Statistics, Mathematics, or a related field.
  • Progress toward actuarial qualification (IFoA, SOA, ASSA, or equivalent).
  • 2–4 years of actuarial experience in Life or General Insurance.
  • Working knowledge of IFRS 17 concepts and actuarial software (Prophet, MoSes, AXIS, or equivalent).
  • Proficiency in Excel; experience with SQL, Python, or Power BI is an added advantage.
  • Strong analytical and problem-solving skills with high attention to detail.
Key Competencies
  • Curious and self-driven with a passion for actuarial systems and automation.
  • Strong analytical and technical aptitude.
  • Effective collaborator with excellent communication skills.
  • Organized, detail-oriented, and able to work under tight timelines.
  • Committed to professional growth and continuous learning.
Why Join Us
You'll be part of a forward-looking actuarial team transforming how the Group uses systems and automation to deliver efficiency, consistency, and accuracy in actuarial reporting. This role provides exposure to Group-level IFRS 17 reporting, model development, and actuarial technology initiatives.

If you have the aforementioned professional and academic qualifications and you are ready to execute the above mandate, strictly apply through CIC Careers clearly indicating the position being applied for.

Applications will be reviewed and interviews conducted on a rolling basis; until available positions are filled.

Preference will be given to candidates who are available to join within a short notice period.

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