Actuarial Analyst – Actuarial Services

at Britam
Location Nairobi, Kenya
Date Posted April 3, 2023
Category Administration
Job Type Full-time
Currency KES

Description

Job Purpose:

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

Key responsibilities

  1. Select appropriate reserve calculation method  and calculate reserves
  2. Provide analysis to support the renegotiation of the existing contracts
  3. Provide input in product development for the LOB
  4. Product pricing and setup in the actuarial pricing and valuation system
  5. Review and monitor experience on all products to inform decision making including profit testing of existing products
  6. Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring
  7. Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks

Knowledge, experience and qualifications required

  1. University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency
  2. 2-4 years’ experience in a similar position
  3. Progress in Institute of Actuaries examinations (9 papers)
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