Summary
Date Posted: Monday, May 30, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Actuarial Analyst Job


PURPOSE:
Responsible for performing financial analysis on actuarial liabilities, claims experience, pricing, solvency and capital requirements as well as suitability of reinsurance arrangements.

PRIMARY RESPONSIBILITIES:
• Run, adjust and make assumptions on valuation models of claims and premium liabilities on specific lines of business;
• Prepare draft reports e.g. valuation, claims experience, solvency, capital;
• Monitor and investigate claims experience and provide insights on products for specific lines of business;
• Review pricing, check adequacy of premiums and provide recommendation for the specific lines of business;
• Monitor solvency position and capital requirements for the subsidiary;
• Prepare monthly data reconciliation report for specific lines of business;
• Review and recommend suitability of reinsurance arrangements for specific lines of business and;
• Review and analyze data from AKI/IRA for use in quarterly industry analysis report for specific lines of business.

PERSON SPECIFICATIONS
Academic Qualifications
• Actuarial Science or Statistics or Mathematics or related field is required

Professional Qualifications
• Certified Actuarial Analyst (CAA)

Experience
• 3 years of relevant experience

Skills and Attributes
• Knowledge of actuarial software in terms of capabilities and output;
• Excellent communication and presentation skills
• Problem solving skills
• Good analytical skills
• Computer literate in MS Office and other office applications


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

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