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IFRS 17 Actuarial Lead job at CIC Insurance
CIC Insurance Group
Website :
1052 Days Ago
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Vacancy title:
IFRS 17 Actuarial Lead

[ Type: FULL TIME , Industry: Insurance , Category: Finance, Insurance & Real Estate ]

Jobs at:

CIC Insurance

Deadline of this Job:
17 June 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Summary
Date Posted: Sunday, June 05, 2022 , Base Salary: Not Disclosed

Similar Jobs in Kenya
Learn more about CIC Insurance
CIC Insurance jobs in Kenya

JOB DETAILS:
IFRS 17 Actuarial Lead

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 and results consistency, completeness, and accuracy.
• Modelling financial statements under IFRS17 basis and comparatives to IFRS4.
• Testing products to examine their technical and operational feasibility under IFRS17.
System set-up
• Setting up product models and reporting on actuarial and IFRS17 software
• User Acceptance Testing
Projections and Budgeting
• Projected actuarial cash flows under IFRS17 budgets
Financial and regulatory reporting
• Inputs to regulatory reports i.e., Financial Condition Report, Solvency, Risk Based Capital report
• Support stakeholders with actuarial inputs: Finance, appointed actuary and audit/ assurance teams on IFRS17 reporting within monthly, quarterly and 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 value of new business, embedded value and Asset Liability Management valuations
• Risk assessment, management, and reporting under IFRS17 reporting

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

PERSON SPECIFICATIONS
Academic Qualifications
• Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field

Professional Qualifications
• Professional actuarial exams (associate under IFOA/SOA or equivalent) is a mandatory requirement
• Accounting qualification will be an added advantage

Relevant Experience
• Minimum of six (6) years’ relevant experience in the life insurance industry, two (2) of which is at a supervisory level.

Skills and Attributes
• Entrepreneurial Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership and Commitment
• Team Spirit

Work Hours: 8

Experience in Months: 72

Job application procedure
Interested and qualified? Go to CIC Insurance on cic.co.ke to apply

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QUICK ALERT SUBSCRIPTION

Job Info
Job Category: Insurance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 17 June 2022
Duty Station: Nairobi
Posted: 05-06-2022
No of Jobs: 1
Start Publishing: 05-06-2022
Stop Publishing (Put date of 2030): 05-06-2065
Apply Now

Caution: Never Pay Money in a Recruitment Process.

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  • SHOW FULL COLUMNS FROM `icop0_users`416μs2.2KB/libraries/vendor/joomla/database/src/Mysqli/MysqliDriver.php:625Copy
  • SELECT * FROM `icop0_users` WHERE `id` = :userid157μs4.41KBParams/libraries/src/Table/User.php:104Copy
  • SELECT `g`.`id`,`g`.`title` FROM `icop0_usergroups` AS `g` INNER JOIN `icop0_user_usergroup_map` AS `m` ON `m`.`group_id` = `g`.`id` WHERE `m`.`user_id` = :muserid167μs1.68KBParams/libraries/src/Table/User.php:132Copy
  • SELECT * FROM icop0_jmap_headings WHERE `linkurl` = 'https://www.greatkenyanjobs.com/jobs/job-detail/job-IFRS-17-Actuarial-Lead-job-at-CIC-Insurance-60654'136μs1.05KB/plugins/system/jmap/jmap.php:1135Copy
  • SELECT `original_text`, `target_text`, `original_text_regex`, `target_text_regex` FROM `icop0_jmap_text_replacements` WHERE `published` = 1102μs1008B/plugins/system/jmap/jmap.php:508Copy
  • SELECT `value` FROM icop0_acym_configuration WHERE `name` LIKE "%regacy" OR `name` LIKE "%\_sub"441μs856B/plugins/system/acymtriggers/acymtriggers.php:430Copy
  • SHOW TABLES1.23ms8.82KB/libraries/vendor/joomla/database/src/Mysqli/MysqliDriver.php:678Copy
  • SELECT * FROM icop0_acym_plugin328μs2.14KB/administrator/components/com_acym/libraries/joomla/database.php:36Copy
  • SELECT * FROM icop0_acym_plugin170μs2.14KB/administrator/components/com_acym/libraries/joomla/database.php:36Copy
  • SELECT `groups`.*, `groups`.title AS text, `groups`.id AS `value` FROM icop0_usergroups AS `groups`161μs1.36KB/administrator/components/com_acym/libraries/joomla/database.php:36Copy
  • SELECT configvalue FROM `icop0_js_job_config` WHERE configname = 'company_seo'140μs856B/components/com_jsjobs/models/configurations.php:103Copy
  • SELECT * FROM `icop0_js_job_config` WHERE configfor = 'jobsharing'265μs1.02KB/components/com_jsjobs/models/configurations.php:82Copy
  • SELECT name AS col FROM `icop0_js_job_companies` WHERE id = 2470175μs856B/components/com_jsjobs/models/company.php:1832Copy
  • SELECT `session_id` FROM `icop0_session` WHERE `session_id` = ?146μs1.63KBParams/libraries/vendor/joomla/session/src/Handler/DatabaseHandler.php:291Copy
  • UPDATE `icop0_session` SET `data` = ? , `time` = ? WHERE `session_id` = ?1.15ms912BParams/libraries/vendor/joomla/session/src/Handler/DatabaseHandler.php:318Copy