Summary
Date Posted: 2nd April 2019 , Base Salary: Not Disclosed , Employment Type: Full_Time , Currency: KES , Value: 67000 , Minimum: 47000 , Maximum: 202000 , Period: MONTH

JOB DETAILS:
Actuarial Analyst at Barclays Bank .

  Accountability: Data and model development (50 %)
• Request data timeously from the system administrators and other providers.
• Manage deadlines with the providers.
• Perform data checks and create model point files
• Ensure that the data reconciles with the financials and perform other data checks to ensure the data is correct and credible.
• Ensure that the data makes sense for the specific product that is being extracted.
• Liaise with Actuarial COE and Deloitte to ensure that the data reconciliations are signed off according to the Absa Group valuations timetable.
• Continuously improve the accuracy, robustness and speed of the data processes.
• Communicate and drive the improvement of time consuming processes.
• Develop the data processes to take account of new products and developments such as new regulations.
• Support the development of Prophet Model to ensure the liability calculations reflect the reality of the business and that all material products are valued consistently.
Accountability: Liability valuation and financial reporting (20 %)
• Setup and run the Prophet model.
• Ensure that the setup is checked and signed off by the Actuarial COE and Deloitte
• Support the valuation team to perform the liability valuation, regulatory capital calculation and embedded value calculation.
• Provide support to calculate the regulatory and published disclosures
Product Development (30%)
• Support the execution of the product strategy in an agile manner
• Understand the customer need and specific customer problem the business are solving for in designing product solutions that differentiates itself from the market
• Support the design of innovative solutions that consider the end to end customer journey and policy lifecycle
• Understand the competitive landscape and general commercial and economic environment through market research in order to help inform product design
• Collaborate with functional support and risk areas in the product design process. This includes Customer Experience, Distribution, Underwriting, Claims, Policy Servicing, Fraud, Legal, Risk, Compliance, Technology, etc.
• Development and reporting of key performance and experience monitoring metrics
• Support formal product reviews
• Analyse product profitability and recommend product design changes where necessary
• Understand and ensure adherence to regulatory requirements and internal governance and control policies and procedures
Perform all other duties as reasonably assigned

  Knowledge and skills
(Please choose the right proficiency level for each role (Basic, Limited, Solid, Advanced, Expert))
(e.g. Knowledge of FICA legislation (Level: Basic))
• Sound judgement when making decisions (Level: Limited)
• Strong networking skills and relationship building skills (Level: Limited)
• Strong management skills (Level: Limited)
• Computer Literacy (Level: Solid)
• Good communication skills (Verbal and Written) (Level: Solid)
• Knowledge of the Regulatory and Industry standards (Level: Limited)
• Ability to work under pressure (Level: Do without Supervision)
• Knowledge of the Insurance environment (Limited)
• Stakeholder management skills (Solid)
• Analytical Skills (Solid)
• Conflict management Skills (Limited)

  Education and Experience Required
Essential / Minimum
University degree
Completion of 3 CT level Actuarial Professional exams
Preferred / Advantage
Completion of 5 CT level Actuarial Professional exams
Basic knowledge of Prophet software,VBA and SQL

Competencies
• Commercial thinking
• Relating and working with people
• Adapting and responding to change
• Formulating strategies and Concepts
• Coping with pressures and setbacks
• Analytical
• Attention to detail
Experience
Essential / Minimum
2 years experience in the Insurance Industry
Preferred / Advantage
1 years experience in Life Insurance

{module 312}

Job application procedure
  Submit your CV and Application on Company Website : Click Here