Tausi Assurance Actuarial Officer Jobs in Kenya
Tausi Assurance Actuarial Officer Jobs in Kenya
Tausi Assurance is a growing company making great strides in the Insurance Industry dealing in General Insurance.
We have been around for well over 20 years and are proud of our unquestionable legacy of excellence in serving our clients.
In quest of strengthening our compliance function, we are currently looking to recruit a suitable, qualified, and experienced individual to join our team as an Actuarial Officer.
The successful candidate will mainly be responsible for all actuarial services of the company.
Duties and Responsibilities
Actuarial Reserving – calculate the technical liabilities using appropriate actuarial methodologies.
Capital Management – Perform quarterly risk based capital calculations and provide capital adequacy statements.
IFRS 17 Preparedness and transition – be part of the IFRS 17 project team to implement the IFRS 17 and ensure compliance.
Reporting and Compliance – ensure compliance with statutory and management reporting requirements of the actuarial function.
Conduct relevant stress tests and scenario analysis on the financials.
Product development – provide actuarial input in product development process i.e. pricing of new products and respective business plan projections.
Prepare industry analysis and peer review to provide market intelligence
Reinsurance support – Assist the reinsurance department in assessment of reinsurance programs during renewals.
Periodical determination and evaluation of premium rates using experience rating methodology.
Responsible for investigation of data with regards to pricing, profitability, experience analysis or as may be directed, towards informing business decisions.
Offer assistance in strategy development and review, and planning financial projections.
Offer general actuarial support to
the different functions within the company such as underwriting, reinsurance, risk, finance, and board committees
Participate in special projects as would be directed by management
Liaise with the external appointed actuary during annual valuation.
Prepare required actuarial and other analyses for management reporting and make recommendations to support these analyses.
Translate actuarial concepts into easily understandable language for use internally and externally for our clients.
Minimum qualifications and experience
Bachelor of Science, Actuarial Science degree from a recognized university
Must have passed at least 5 professional Actuarial papers from the Institute of Actuaries, UK or society of Actuaries, USA
Minimum of 5 years post qualification experience, preferably in the Insurance Industry
Proficient in MS Office applications and actuarial related systems software
Other attributes
Excellent numeracy
Problem solving ability.
Research and analytical ability.
Attention to detail.
High standards of professionalism and ethics.
How to Apply
Application letters and copy of current CV in one document with names of and addresses of three referees should be sent by email to
hr@tausiassurance.com so as to reach us on or before 2nd May 2022.
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