Actuarial Analyst

23 hours ago

Nairobi, Nairobi Area, Kenya CIC Group Full time 1,200,000 - 3,600,000 per year

PURPOSE:

The Actuarial Analyst is responsible for performing financial analysis on actuarial liabilities, claims experience, pricing, solvency and capital requirements as well as suitability of reinsurance arrangements.

PRIMARY RESPONSIBILITIES:

  • Run, adjust and make assumptions on valuation models of claims and premium liabilities on specific lines of business.
  • Monitor adequacy of reserves.
  • Prepare draft reports e.g. valuation, claims experience, solvency, capital.
  • Monitor and investigate claims experience and provide insights on products for specific lines of business.
  • Review pricing, check adequacy of premiums and provide recommendation for the specific lines of business.
  • Monitor solvency position and capital requirements for the subsidiary.
  • Monitor investment performance and prepare quarterly reports.
  • Perform asset liability matching position for the business.
  • Prepare monthly data reconciliation report for specific lines of business.
  • Support in IFRS 17 financial reporting.
  • Review and recommend suitability of reinsurance arrangements for specific lines of business.
  • Review and analyze data from AKI/IRA for use in quarterly industry analysis report for specific lines of business.
  • Provide support in special projects of the company.
  • Provide actuarial support in the Micro Insurance Company.
Academic and Professional Requirements:
  • BSc. Actuarial Science or Statistics or Mathematics or related field is required.
  • At least 6 actuarial professional papers passed.
Experience Required:
  • 3 years of relevant experience

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