Summary
Date Posted: Wednesday, May 11, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job Description
• Ensure provision of Actuarial Services to Old Mutual Assurance Kenya 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
• Conduct accuracy checks, and analyses data to draw conclusions and make recommendations
• Generate actuarial reports on various technical issues to Group Actuary, Senior Management and Board of Directors.

Key Tasks and Responsibilities
• Technical Actuarial Support; Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries, analysis of profitability/surplus, calculation and analysis of embedded value using Prophet and MS Excel for UAP entities
• Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report for the BUs.
• IFRS 17 Project Support; Work closely with the IFRS 17 project and technical lead to deliver on the key project milestones and assist with the dry runs and transitions.
• Product Profitability Review; Perform profitability analysis, experience analysis, and other relevant actuarial investigations for UAP BUs to inform business decisions.
• Solvency and Capital management; Carry out solvency computation for the entity 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.
• Strategy and Business Planning Support; assist with business planning financial projections and solvency projections for the UAP entities. Perform stress and scenario analysis on the plan numbers.
• Reinsurance Support; Carry out a reinsurance analysis for the East Africa subsidiaries to explore ways to optimize on reinsurance arrangements.
• Reporting and Documentation; Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
• Risk Management support; assist the Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate.
• Investment Strategy support; Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for UAP-Old Mutual businesses.
• Other reasonable duties that may be assigned by management.

Skills
Actuarial Valuation, Decision Making, Product Profitability, Profitability

Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Job application procedure
Please click here to apply.

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