Summary
Date Posted: Friday, July 15, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Actuarial Associate

Job Ref. No. JLIL059
Main Purpose
The role holder will work within the IFRS17 workstream, with the responsibility for technical modelling and actuarial computations, implementation within strict timelines, system set-up, user acceptance testing, dry run & go live.

Main Responsibilities
IFRS17 transition and reporting
Technical modelling, actuarial computations, and reporting under IFRS17 methods.
Develop controls, model audit trails, validation and documentation around estimates and judgement in IFRS17 implementation for data & results consistency, completeness, and accuracy.
Modelling Jubilee financial statements under IFRS17 basis and comparatives to IFRS4.
Testing products to examine their technical & operational feasibility under IFRS17.

System set-up
Setting up product models and reporting on actuarial & IFRS17 software
User Acceptance Testing
Projections and Budgeting

Projected actuarial cash flows under IFRS17 budgets
Financial & regulatory reporting
Inputs to regulatory reports i.e., Financial Condition Report, Solvency, Risk Based Capital reports
Support stakeholders with actuarial inputs: Finance, appointed actuary and audit/ assurance teams on IFRS17
reporting within monthly, quarterly & end year reporting timelines

Profit testing
Profit-testing of products under IFRS17 and recommendations on optimal treatment of onerous contracts
New product development & reporting: Technical analysis under IFRS17
Actuarial analyses
Analysis of Jubilee’s value of new business, embedded value & Asset Liability Management valuations
Risk assessment, management, and reporting under IFRS17 reporting

Key Deliverables
Fulfill IFRS17 implementation for the region
Appropriate pricing to achieve target profit criteria set by executive management
Actuarial reporting for regulatory compliance & financial statements.

Academic Qualifications
Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field
Professional actuarial exams (associate under IFOA/SOA or equivalent) is a mandatory requirement
Accounting qualification will be an added advantage

Key Competencies
• Entrepreneurial Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Experience
Minimum of three (3) years’ relevant experience, one (1) of which is at a supervisory level.


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com  quoting the Job Reference Number and Position by 21st July 2022.Only shortlisted candidates will be contacted.

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