Kenyan Alliance Insurance Actuarial Manager Jobs in Kenya

Kenyan Alliance Insurance Actuarial Manager Jobs in Kenya

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 the Company such as Finance and Risk. The role involves providing actuarial analysis to ensure the company is always aware of its financial liability position, risks and market dynamics.

Main Responsibilities

General Insurance

Review and test models and assumptions on actuarial valuation for general insurance

Price new products and provide ratings guidelines for general insurance

Provide actuarial input in the Product Development Process for general insurance

Monitor and analyze experience investigations (claims, expenses etc.) and other actuarial investigations for general insurance

Formulate the investment strategy and review of the investment performance to provide insights for general insurance

Review and provide insights on solvency position and capital requirements

Perform long term financial projections to support decision making

Review of reinsurance arrangements and give recommendations on suitability of the reinsurance arrangements

Prepare and present quarterly industry analysis report for the subsidiaries and

Prepare draft quarterly Board Papers

Participate in special projects such as the IFRS 17 implementation support as well as other projects requested by general insurance.Life Insurance

Provide input into underwriting strategy and rules for Life insurance business

Review the product performance with regards to their claims and expense experience and advise on appropriate pricing

Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy

Working with the risk and compliance department in the measurement/quantification of financial and operational risk in Life insurance business

Co-ordinate the supplementary reporting requirements to Annual Financial Reports

In charge of developing the Asset Liability Management framework for the

life business and working closely with the Management to actualize the ALM framework

Coordinate the preparation of business plans/budgets and capital management initiatives for the life business

Provides input to the enterprise risk management by conducting stress and scenario testing, reviewing the risk appetite statements, etc

Ensuring compliance to IRA regulation and other relevant regulations

Work closely with the finance function, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements

Make presentations to management and board on the performance of the business, including financial impacts of actions taken by management and the board

Perform any other roles as may be assigned by management from time to time.

Knowledge & Experience

The candidate must demonstrate and possess the following skills and qualifications:

University Degree in actuarial science or related field

Minimum 5 years of relevant actuarial experience in an actuarial function

Fellowship Qualification (IFOA, SOA or other recognized actuarial body)

Exposure and experience in reporting, including IFRS 17 implementations

Strong data programming skills

Good analytical skills

Statistical techniques

Excellent communication and presentation skills

Problem solving skills’

Excellent interpersonal skills

Leadership skills with high personal integrity

How to Apply

Interested candidates should send their CVs to hr@kenyanalliance.com using the position as the subject of the email.

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