Actuarial Analyst at APA Life Assurance Company Ltd
| Location | NAIROBI, Kenya |
| Date Posted | June 30, 2025 |
| Category |
Administration
Communication Education / Teaching Finance Secretary |
| Job Type |
Full-time
|
| Currency | KES |
Description
Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks
Responsibilities
Financial & Regulatory Reporting
- Support the production and review of IFRS 17 valuation results and associated disclosures.
- Support the production and review of statutory filings in accordance with Insurance Regulatory Authority (IRA) requirements, and Management Reports for internal use (e.g., VNB, VIF, EV, etc).
- Work in collaboration with the finance team to align actuals vs. budget and enhance monthly close efficiency.
Experience Monitoring
- Assist in performing periodic claims experience analyses to guide pricing and reserving assumptions and provide actionable recommendations to management.
Capital Modelling
- Run capital adequacy assessments under local solvency regulations.
- Assist in producing Capital Adequacy reports with recommendations to management.
Pricing & Product Development
- Pricing of new individual and group life products, ensuring profitability, competitiveness, and regulatory compliance.
- Assist in enhancing pricing tools and profitability testing models.
Budgeting & Strategy Actuarial Inputs
- Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning using actuarial projection models.
- Working closely with the finance team to ensure the success of budgeting and strategic planning processes.
ACADEMIC QUALIFICATIONS
- Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage.
JOB SKILLS AND REQUIREMENTS
Technical Skills
- Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, Excel VBA, Python, R, etc).
- Advanced analytical skills and business insight.
- Familiarity with Power BI or other dashboarding tools is a plus.
Behavioural Attributes
- Strong attention to detail and a commitment to accuracy.
- Able to manage multiple deadlines and priorities under minimal supervision.
- Effective communicator—both written and verbal—with stakeholders at all levels.
- Mentorship mindset and a collaborative team player.
PROFESSIONAL QUALIFICATIONS
- Progress toward actuarial qualification (minimum: 4 papers).
EXPERIENCE
- Minimum 2 years actuarial experience, preferrably in life insurance.
- Experience in IFRS 17 valuation and reporting is an advantage.
- Experience in calculating VIF, VNB and Embedded Value is an advantage.
- Understanding of Asset-Liability Management Process.
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Applying Instructions
JOB DESCRIPTION
To support the delivery of actuarial responsibilities within the actuarial function, including valuation of technical liabilities under IFRS 17 reporting standard, pricing and product development, capital modelling, facilitating year-end external actuary valuation and actuarial performance reports.
The portfolio includes Ordinary Life policies, Group Risk business, Pension, Deposit Administration, and Income Draw Down policies.
ACTUARIAL ANALYST- APA LIFE
- Company: APA Life
- Location: Head Office-Nairobi
- Employment Type: Permanent
- Job Id: oxB3gpQaaO
- Date added: 27-Jun-2025
- Deadline: 13-Jul-2025
KEY PRIMARY RESPONSIBILITIES
Financial & Regulatory Reporting
- Support the production and review of IFRS 17 valuation results and associated disclosures.
- Support the production and review of statutory filings in accordance with Insurance Regulatory Authority (IRA) requirements, and Management Reports for internal use (e.g., VNB, VIF, EV, etc).
- Work in collaboration with the finance team to align actuals vs. budget and enhance monthly close efficiency.
Experience Monitoring
- Assist in performing periodic claims experience analyses to guide pricing and reserving assumptions and provide actionable recommendations to management.
Capital Modelling
- Run capital adequacy assessments under local solvency regulations.
- Assist in producing Capital Adequacy reports with recommendations to management.
Pricing & Product Development
- Pricing of new individual and group life products, ensuring profitability, competitiveness, and regulatory compliance.
- Assist in enhancing pricing tools and profitability testing models.
Budgeting & Strategy Actuarial Inputs
- Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning using actuarial projection models.
- Working closely with the finance team to ensure the success of budgeting and strategic planning processes.
ACADEMIC QUALIFICATIONS
- Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage.
JOB SKILLS AND REQUIREMENTS
Technical Skills
- Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, Excel VBA, Python, R, etc).
- Advanced analytical skills and business insight.
- Familiarity with Power BI or other dashboarding tools is a plus.
Behavioural Attributes
- Strong attention to detail and a commitment to accuracy.
- Able to manage multiple deadlines and priorities under minimal supervision.
- Effective communicator—both written and verbal—with stakeholders at all levels.
- Mentorship mindset and a collaborative team player.
PROFESSIONAL QUALIFICATIONS
- Progress toward actuarial qualification (minimum: 4 papers).
EXPERIENCE
- Minimum 2 years actuarial experience, preferrably in life insurance.
- Experience in IFRS 17 valuation and reporting is an advantage.
- Experience in calculating VIF, VNB and Embedded Value is an advantage.
- Understanding of Asset-Liability Management Process.
Contact Us
Apollo Centre, Ring Rd Parklands
Westlands Nairobi – Kenya.
Tel: (O20) 286 2000, (020) 364 1000
Phone: (+254) 0709 912 777,
Email: info@apainsurance.org