KEY TASKS AND RESPONSIBILITIES
Technical Actuarial Support: Perform or evaluate internal actuarial liability valuations for applicable insurance subsidiaries, alongside profitability and surplus analyses.
Responsibilities include examining the external actuaries’ report, coordinating with designated actuaries, and jointly developing the Financial Condition Report.
Conduct comprehensive profitability and experience analyses, along with other pertinent actuarial investigations, to provide data-driven insights for strategic business decisions.
Conduct comprehensive profitability assessments, including experience analyses and other pertinent actuarial evaluations, to provide crucial insights that guide strategic business decisions for Old Mutual.
Conduct solvency assessments for business units using a risk-based capital framework, incorporating solvency stress testing methodologies to evaluate financial resilience.
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 Business Units. Perform stress and scenario analysis on the plan numbers.
Conduct reinsurance evaluations for Life Kenya subsidiaries to identify opportunities for enhancing reinsurance strategies and maximizing efficiency in current arrangements.
Presentation of findings and reports to corporate and subsidiary board committees is required. Board Papers, regulatory solvency reports, and valuation reports must be prepared.
Risk Management support involves collaborating with Life Business Units and the Risk Department to identify and quantify various risks, including insurance, market, and credit risks, as applicable. The role entails devising appropriate risk mitigation strategies tailored to the Business Units and establishing a comprehensive risk register within the CUBA Risk System.
Create, develop, and implement tailored investment strategies, or evaluate and oversee existing strategies, for Old Mutual Life business entities.
Performs additional responsibilities as directed by management, including tasks deemed appropriate and necessary.
SKILLS AND COMPETENCIES
Analytical proficiency involves assessing complex information, identifying patterns, and deriving actionable insights from data. A candidate must demonstrate strong problem-solving abilities, attention to detail, and the capacity to interpret quantitative and qualitative information accurately. They should assess risks, evaluate potential outcomes, and provide data-driven recommendations to support decision-making processes.
Data Handling knowledge
We seek a candidate with a deep understanding of industry trends, competitive dynamics, and market positioning to drive informed decision-making and strategic initiatives. The ideal individual will possess strong analytical skills to assess business performance, identify growth opportunities, and mitigate risks. Familiarity with financial metrics, customer behavior, and operational efficiency is essential for providing actionable insights. Additionally, the role requires the ability to collaborate across departments, influence stakeholders, and align business strategies with organizational goals.
Exceptional analytical and critical-thinking abilities are essential for identifying, evaluating, and resolving complex challenges efficiently. You should demonstrate a methodical approach to troubleshooting, leveraging both technical expertise and creative solutions to address issues within dynamic environments. Strong problem-solving skills include the capacity to analyze root causes, assess potential outcomes, and implement effective corrective measures while maintaining a focus on continuous improvement and innovation.
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
IFRS17 Knowledge
Familiar with the current Insurance regulations, Capital markets and Central Bank regulations
Strong actuarial technical skills
Strong analytical skills
Strong data programming skills
QUALIFICATIONS
Bachelor of Actuarial Science or other related finance or mathematics degree
Minimum 5 years actuarial experience
Actuarial Knowledge: Show progress with actuarial examinations, Minimum 7 papers from a recognized actuarial body
go to method of application
Use the link(s) below to apply on company website.
Qualifications
BA/BSc/HND
Experience Required
5 years
