Summary
APA Insurance is currently seeking to recruit a suitable and qualified candidate for the following position: Actuarial Senior Team Leader – APA Insurance.
Key Primary Responsibilities
Product development which involves conducting research, developing pricing models, profit testing and other actuarial modelling/testing
Reviewing pricing of insurance contracts/products and development of pricing calculators
Reviewing product performance after selling which involves assessing sales volumes, claims experience, expenses and distribution set up
Validating data and performing actuarial valuation which involves setting up valuation models and estimation of actuarial liabilities (UPR, OCR, IBNR, IBNER, DAC, UARR, ULAE etc);
Compute the Risk Based Capital on a monthly basis and advise management accordingly
Preparation/review of the annual Liabilities Valuation & Financial condition report as per the IRA guidelines
Compliance with IRA guidelines on actuarial function and quarterly reporting including AvE
Liaising with external actuaries and providing them with information, documents and records needed to execute their work in a timely manner
Support in the preparation of monthly management reports
To offer support in the preparation of annual financial statements
Support in preparation of board papers, annual budgets and other strategic plans
Technical Lead in the adoption of IFRS 17 to the full implementation
Academic Qualifications
Bachelor’s degree in Actuarial Science or an equivalent
Job Skills And Requirements
Advanced knowledge of MS Excel and other Actuarial relevant tools
Analytical and highly innovative
Presentation skills
Communication and interpersonal skills
Team player and high organization skills
Demonstrable high knowledge in IFRS 17
Professional Qualifications
At least 7 Actuarial professional examinations
Member of a relevant professional body
Experience
At least 5 years’ relevant experience
Send your application to the email: recruitment@apollo.co.ke
Apply via :
recruitment@apollo.co.ke
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