The Company is recruiting for the position of Head of Actuarial Section. The main responsibility of this role is to undertake all actuarial services of Madison Life Assurance Kenya Limited including product design and development, product pricing and valuations, continuous risk management of existing insurance products, and review of various Life Assurance Products.
Key Responsibilities
Coordinating statutory actuarial valuation of the Life Fund and reporting
Undertaking quarterly actuarial valuation of the Life Fund and reporting
Analyzing Actuarial Statistics parameters for decision making
Product Designs, Development, and Pricing
Preparing claims management and Loss ratio reports
Review of product performance on a quarterly basis to determine product profitability in consultation with the Company’s consulting actuary
Review of individual Life and Group Life rates in consultation with the Consulting Actuary
Compiling competitor-underwriting rates for both Group and Individual Life business and making quarterly reports.
Compiling market share data for life business using the Annual accounts of various companies
To liaise with the Company’s investment department to ensure optimal return on all investment-related products, both Individual and Group Business Policies
To calculate the daily unit value for investment products and credit the various member’s fund accounts
To provide any other required actuarial support to the Company.
Job Specification
Qualifications
Bachelor’s Degree in Actuarial Science
Master’s Degree (an added advantage)
Fellow of the Institute of Actuaries (FIA) (an added advantage)
Certified Public Accountant of Kenya (CPAK)
Experience
5 years experience in a management role
In-depth understanding of the operations of life assurance
Good marketing, communication, and presentation skill
Good knowledge of the insurance business
Qualified candidates are requested to forward their applications and detailed Cvs to the Human Resources Manager at: hr_recruitment@madison.co.ke on email not later than Friday 19th November, 2021.
Apply via :
hr_recruitment@madison.co.ke
