Summary
Date Posted: Monday, August 22, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Purpose Of The Job
The job holder will be responsible for evaluating and advising the company regarding actuarial reserving, premium pricing activities, experience investigations, product reviews, solvency, and capital management as well as monitoring and advising on compliance with regulatory requirements.

Principal Accountabilities
• Reserving - Conduct and/or review internal actuarial liability valuations and provide advice on the company’s actuarial and financial risks
• Product Profitability Review: Support product development processes, Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
• Solvency and Capital management; Carry out solvency computations for the business based on a risk-based capital including solvency stress tests.
• Financial Modeling: assist with financial modeling of business scenarios/projects to inform business decision making.
• Strategy and Business Planning Support; assist with business planning financial projections and solvency projections. Perform stress and scenario analysis on the plan numbers.
• Special Projects; participate in special projects as would be requested by the company e.g. IFRS17, system implementation and mapping out of OPEX Standard Operating Procedures.
• Reinsurance Support; Carry out a reinsurance analysis to explore ways to optimize on reinsurance arrangements
• Reporting and Documentation; Presentation of results and reports to the businesses. Preparation of Board Papers and regulatory solvency and valuation reports
• Risk Management support; assist the business in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Formulate appropriate risk mitigation measures and develop/update a risk register.
• Investment Strategy support; Support the formulation of appropriate investment strategies and/or review and monitoring of investment strategies.
Other reasonable duties that may be assigned by management

Knowledge And Experience
Qualifications:
• Bachelor’s Degree in actuarial science or other related finance or mathematics degree
• Actuarial Knowledge: Qualified actuary, Nearly qualified, 10 papers and above

Experience:
• Minimum of 5( five) years’ experience with at least 2(two) years at supervisory role.

Knowledge
• Understanding of insurance industry
• Clear understanding of accounting standards
• Practical/technical experience in Finance & Accounting

Skills And Competencies
• Familiar with the current Insurance regulations, Capital markets and IRA regulations
• Strong actuarial technical skills
• Problem solving skills
• Creative thinking
• Relationship building
• Team-working
• Leading and developing others
• Strategic perspective

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

Applications with a detailed CV, indicating your telephone contacts with names and addresses of three referees should be emailed to careers@paciskenya.com  not later than 25th August 2022

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