Summary
Date Posted: Wednesday, July 24 2024, Base Salary: Not Disclosed

JOB DETAILS:
Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.

Job Description
• Ensure provision of Actuarial Services to Old Mutual East Africa Group by working closely with the business entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management
• Conducts accuracy checks, and analyses data to draw conclusions and make recommendations.
• Generate actuarial reports on various technical issues to senior management and Board of Directors.

KEY TASKS AND RESPONSIBILITIES
• Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations.
• Review of external actuaries’ report for Kenya and collaboration with the appointed actuaries to produce the financial condition report for Kenya.
• Product Pricing and Review; Pricing products, profitability analysis, experience analysis, and other relevant actuarial investigations.
• Experience Monitoring; Conduct claims experience analysis and expense investigations and expense allocation exercises and other relevant actuarial investigations to inform business decisions.
• Solvency and Capital management; Carry out solvency computation on a risk-based capital basis including solvency stress tests.
• Financial Modeling; assist with financial modeling of business scenarios/projects to inform business decision making.
• Risk Management Support; Identifying and quantifying risk (insurance, market, credit risks etc.) where appropriate and formulating appropriate risk mitigation measures. This includes risk control processes as well as monitoring and reporting of risk.
• Strategy and Business Planning Support; assist with business planning, financial projections and solvency projections.
• Special Projects; participate in special projects as would be requested by the insurance companies within the group e.g. IFRS17 and mapping out of OPEX Standard Operating Procedures.
• Reinsurance Support; Carry out a reinsurance P&L analysis for the East Africa subsidiaries to explore ways to optimize reinsurance arrangements.
• Reporting and Documentation; Presentation of results and reports to businesses. Preparation of Board Papers and regulatory solvency and valuation reports etc.

SKILLS AND COMPETENCIES
• Analytical Skills
• Data Handling knowledge
• Business Awareness
• Problem Solving Skills
• Communication and Presentation skills
• Ability to prioritize and work on a wide range of deliverables at once
• Working under minimal supervision
• Good interpersonal skills
• Proficiency in Microsoft office packages

KNOWLEDGE & EXPERIENCE
Actuarial Knowledge. Programming knowledge Analytical Knowledge Management knowledge Commercial knowledge Over 5 Year Actuarial experience

QUALIFICATIONS
• BACHELOR OF SCIENCE ACTUARIAL SCIENCE
• Member of institute and faculty or Society of actuaries – Nearly qualified or qualified actuary.


Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified? Go to Old Mutual Kenya on oldmutual.wd3.myworkdayjobs.com to apply



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