Insurance Regulatory Authority Actuarial Officer Jobs in Kenya
Insurance Regulatory Authority Actuarial Officer Jobs in Kenya
Job purposeThe position is responsible for reviewing data collected for accuracy and
completeness, analysis of data and preparation of reports.
Job Specifications
Duties and responsibilities will entail:
Prepare reports on analysis of products, premium rates, financial
condition reports and technical reserves for insurers.
Review the data analysis and insights on technical reserves reports,
financial condition reports and actuarial valuation reports for
completeness and accuracy of information.
Prepare draft reports on capital adequacy ratios to ensure that the
reports are accurate, complete and prepared in accordance with the
provisions of the insurance act.
Develop of data collection templates, data analysis and preparation of
reports on insurance industry performance as required by the
Insurance Act;
Determine the solvency and financial condition of regulated entities
including reviewing actuarial reserves and risk-based capital
calculations and the statements of actuarial opinion provided by each
company’s appointed actuary.
Prepare reports on analysis on financial stability of insurers and
implementation of macro prudential policy including carrying out
regular macro stress tests and preparing documents for public
communication on the tests.
Conduct data validation of quarterly and annual insurance statistics to
check on completeness and consistency of insurance data;
Update various performance indicators, ratios and industry
benchmarks and averages;
Analyse, evaluate and interpret insurers’ financial statements and
returns to ensure disclosures regarding various insurance parameters
such insurance premiums, income, expenditure, assets and liabilities.
Persons Specifications
Bachelor’s degree in Actuarial Science, Mathematics, Statistics or
Financial Engineering; and
Meets provision of chapter six of the Constitution.
Competencies and skills
Strong communication and presentation skills
Good analytical skills
Problem solving
(
Professionalism
How to Apply
For more information and job application details, see; Insurance Regulatory Authority Actuarial Officer Jobs in Kenya
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