Britam Team Leader Actuarial Services - Britam Life Jobs in Kenya

Job Purpose

To provide actuarial support to the assigned LOB and participate in overall risk management for the company

Key Responsibilities

Select appropriate reserve calculation method and calculate reserves and complete valuations

Determine the bonus stabilization reserve for DA business

Provide analysis to support the renegotiation of the existing contracts

Review overall mortality tables and trends

Review Business Plan projections and sensitivity analysis

Carry out an Analysis of Embedded Value Movements including comparison with prior period movements

Supervise and provide guidance with data preparation and analysing key risk exposures

Conduct assessment of company policies in relation to Capital Allocation/Management, Bonus Policy, Dividend Policy, ALM and Hurdle Rate determination and prepare Management and Board reports

Review data preparation and respond to requests from stakeholders in readiness for IFRS 17 implementation

Provide input in product development for the LOB

Product pricing and setup in the actuarial pricing and valuation system

Review and monitor experience on all products to inform decision making including profit testing of existing products

Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring

Address all areas

raised by the IRA in their risk inspection and continue to highlight emerging risks

Perform any other duties as may be assigned from time to time

Key Performance Measures

• As described in your Personal Score Card

Knowledge, Experience and Qualifications Required

University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency

2-4 years’ experience in a similar position

Progress in Institute of Actuaries examinations (9 papers)

Technical/ Functional competencies

Statistical techniques

Proficient knowledge on the insurance industry in Kenya

Knowledge of reinsurance arrangements and structures

Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)

Database management systems

How to Apply

For more information and job application details, see; Britam Head of Customer Innovation Jobs in Kenya

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