Summary
Date Posted: Wednesday, February 01, 2023 , Base Salary: Not Disclosed

JOB DETAILS:

As an Actuarial Senior Team Leader you will be responsible for monitoring, analyzing and reporting on insurance contract liabilities, pricing of products and their approval, risk based capital modelling and compliance with various regulations and requirements and adoption and full implementation of IFRS 17.

KEY PRIMARY RESPONSIBILITIES
• Product development which involves conducting research, developing pricing models, profit testing and other actuarial modeling/testing
• Reviewing pricing of insurance contracts/products and development of pricing calculators
• Reviewing product performance after selling which involves assessing sales volumes, claims experience, expenses and distribution setup
• Validating data and performing actuarial valuation which involves setting up valuation models and estimation of actuarial liabilities (UPR, OCR, IBNR, IBNER, DAC, UARR, ULAE etc);
• Compute the Risk Based Capital on a monthly basis and advise management accordingly
• Preparation/review of the annual Liabilities Valuation & Financial condition report as per the IRA guidelines
• Compliance with IRA guidelines on actuarial function and quarterly reporting including AvE
• Liaising with external actuaries and providing them with information, documents and records needed to execute their work in a timely manner
• Support in the preparation of monthly management reports
• Support in the preparation of annual financial statements
• Support in preparation of board papers, annual budgets and other strategic plans
• Technical Lead in the adoption of IFRS 17 to the full implementation

ACADEMIC QUALIFICATIONS
• Bachelor’s degree in Actuarial Science or an equivalent

JOB SKILLS AND REQUIREMENTS
• Advanced knowledge of MS Excel and other Actuarial relevant tools
• Analytical and highly innovative
• Presentation skills
• Communication and interpersonal skills
• Team player and high organization skills
• Demonstrable high knowledge in IFRS 1

PROFESSIONAL QUALIFICATIONS
• At least 7 Actuarial professional examinations
• Member of a relevant professional body

EXPERIENCE
• At least 5 years’ relevant experience


Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure

Strong preference will be given to candidates with the above qualifications, skills, and experience. If your career aspirations match this exciting opportunity, please submit your application to recruitment@apollo.co.ke  with Actuarial Senior Team Leader as the subject of the email on or before 10th February 2023. Only shortlisted candidates will be contacted.



All Jobs

QUICK ALERT SUBSCRIPTION