Actuarial Manager

About

The Actuarial Manager supports subsidiaries and Group support functions including Finance and Risk through actuarial analysis. The role covers financial liability, risk and market dynamics, actuarial valuation, product pricing, IFRS 17 reporting, solvency, projections and reinsurance. Requires a BSc in Actuarial Science, Statistics or Mathematics, a Diploma in Actuarial Techniques, a Certificate in Finance and Investment, and 4 years of relevant experience. Terms of service: Full Time. Duty station: Nairobi, Nairobi, Kenya.

How to apply

Apply online through the official CIC Group career page. Complete the application form and attach or paste a resume; accepted resume formats are .pdf, .doc, .docx, .odt, .txt, or .rtf, with a 5MB limit for attached files.

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Responsibilities

• Review and test models and assumptions on actuarial valuation for the subsidiary.
• Price new products and provide ratings guidelines for the subsidiary.
• Monitor and analyze experience (claims, persistency, expenses etc.) for the subsidiary.
• Review and analyze the investment performance to provide insights for the subsidiary.
• Perform asset liability matching position for the business.
• IFRS 17 financial reporting for the business.
• Review and provide insights on solvency position and capital requirements.
• Perform long term financial projections to support decision making.
• Review data validation checks on business and finance data sets and reports.
• 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.
• Support in special projects of the company.

Qualifications

• BSc. Actuarial Science or Statistics or Mathematics.
• Diploma in Actuarial Techniques.
• Certificate in Finance and Investment.
• 4 years of relevant experience.