Actuarial Associate – Life

Job Purpose

The role holder is responsible for executing the day-to-day tasks/projects of the Actuarial unit by performing data checks and analysis, experience investigations, business projections and valuation of technical liabilities for the assigned LOB.

Key Responsibilities

• Coordinate with the assigned Segment in the preparation of valuation data.
• Timely calculation of accurate insurance technical liabilities provided for monthly financial reporting. This includes preparation of reports on valuation results.
• Provide input in product development for the LOB.
• Provide inputs into product pricing and setup in the actuarial pricing and valuation system
• Carry out experience investigations as directed e.g. on expenses, lapse experience, intermediary investment performance, etc.
• Prepare input data for the annual business planning exercise, strategy reviews and for capital management/solvency purposes as well as Stress and Scenario testing on the projections.
• Coordinate with the assigned Segment in the preparation of data for the management and board reports
• Perform any other duties as may be assigned from time to time.

Knowledge, Experience And Qualifications Required

• University Degree in Actuarial Science – or other highly numerate subject area.
• Good progress in examination from the Institute and Faculty of Actuaries or any equally recognized professional actuarial body (attempted and passed at least 2 actuarial exams).

3.0-2 years’ experience in a similar position.

Technical/ Functional (Core Competencies)

• Statistical techniques
• Proficient knowledge on the insurance industry in Kenya
• Knowledge of reinsurance arrangements and structures
• Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)
• Database management systems

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