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Home Jobs Nairobi Actuarial Valuation Analyst, Life Insurance

Actuarial Valuation Analyst, Life Insurance

Old Mutual Kenya  · Banking / Financial Services

Full Time Nairobi
Nairobi
Deadline: 28 May 2026
Posted May 22, 2026

Oversee and execute a range of critical tasks and responsibilities, ensuring alignment with organizational objectives and operational standards. Develop and implement strategic initiatives to enhance productivity, efficiency, and overall performance within the designated role. Collaborate with cross-functional teams to identify opportunities for improvement and drive sustainable growth. Maintain compliance with industry regulations, company policies, and best practices while fostering a culture of accountability and excellence. Provide guidance and support to team members, facilitating professional development and fostering a collaborative work environment. Monitor progress, track key performance indicators, and report on outcomes to stakeholders to ensure transparency and continuous improvement.

Technical Actuarial Support: Perform or evaluate internal actuarial liability valuations for applicable insurance subsidiaries, along with profitability and surplus analyses.

Evaluate external actuaries’ reports and coordinate with designated actuaries to finalize the Financial Condition Report.

Conduct in-depth profitability evaluations, experience studies, and other pertinent actuarial analyses to provide data-driven insights that guide strategic business decisions.

Conduct comprehensive profitability assessments, including analysis of profitability drivers and customer experience metrics, alongside other pertinent actuarial inquiries for Old Mutual, to guide strategic business decisions.

Conduct solvency assessments for business units using a risk-based capital framework, incorporating solvency stress testing methodologies to evaluate financial resilience.

Assist in developing financial models to evaluate various business scenarios and projects, thereby supporting informed decision-making processes within the organization.

Provide strategic and business planning support by preparing financial and solvency projections for the Business Units, conduct comprehensive stress testing and scenario analysis on the projected figures.

Conduct a reinsurance analysis for the Life Kenya subsidiaries to identify opportunities for optimizing reinsurance arrangements.

Reporting and Documentation: Deliver findings and reports to corporate and subsidiary board committees in a clear, concise manner. Compile and finalize Board Papers alongside regulatory solvency and valuation documentation, ensuring accuracy and compliance with established standards.

The role involves providing Risk Management support by collaborating with Life Business Units and the Risk Department to identify and assess various risks, including insurance, market, and credit risks, as needed. Subsequently, the incumbent will devise suitable risk mitigation strategies tailored to the Business Units and establish a comprehensive risk register within CUBA, the organization’s Risk System.

The Investment Strategy team is responsible for formulating and developing tailored investment strategies or evaluating and overseeing existing strategies for Old Mutual Life businesses.

Assigned duties may include additional responsibilities deemed appropriate by management from time to time.

Demonstrates proficiency in a variety of technical and soft skills critical to the role, including strong analytical abilities, effective problem-solving techniques, and exceptional organizational talents. Exhibits advanced communication skills to articulate complex ideas clearly and interact seamlessly with stakeholders at all levels. Maintains meticulous attention to detail while adapting swiftly to evolving priorities and dynamic environments. Possesses a solid foundation in [specific industry-related skills], along with the capacity to leverage [relevant tools/software]. Demonstrates a commitment to continuous learning, staying abreast of emerging trends and best practices to enhance performance and drive innovation.

We require a candidate with strong analytical prowess to dissect complex data, identify trends, and derive actionable insights. The ideal professional will possess keen attention to detail and the capacity to interpret intricate information accurately. Responsibilities include evaluating performance metrics, assessing market conditions, and solving problems through methodical reasoning. A background in data analysis, statistics, or a related discipline is essential, along with proficiency in analytical tools and software. The role demands logical thinking, precision, and the ability to communicate findings clearly to stakeholders. Prior experience in a data-driven environment is preferred.

Proficient in data handling practices, including collection, storage, processing, and analysis, is essential for this role. Candidates must demonstrate familiarity with data management systems, ensuring accuracy, security, and compliance with relevant regulations. Experience with data entry, database administration, and reporting tools is required. Additionally, the ability to interpret and manipulate data to derive meaningful insights is highly valued.

We possess a strong understanding of industry dynamics, market trends, and competitive landscapes to drive strategic initiatives. The ideal candidate will demonstrate a keen insight into organizational objectives, operational challenges, and external factors influencing business performance. Key responsibilities include conducting thorough market research, identifying growth opportunities, and aligning business strategies with evolving industry demands. Proficiency in analyzing financial data, assessing risks, and evaluating competitive positioning is essential to inform decision-making processes. Additionally, the role requires the ability to communicate complex insights effectively to stakeholders at all levels.

Proficient in analyzing complex situations, evaluating potential solutions, and implementing effective resolutions to overcome obstacles efficiently. Demonstrates strong critical thinking abilities to identify root causes and develop strategic responses, ensuring optimal outcomes in dynamic environments. Requires the capacity to assess risks, prioritize tasks, and adapt approaches as needed to address challenges proactively.

Strong interpersonal and communication abilities, along with the capacity to articulate ideas clearly and persuasively, are essential for effectively conveying information to diverse audiences.

Demonstrated capacity to effectively manage multiple tasks and projects simultaneously while maintaining high standards of productivity and accuracy.

Accomplishing tasks with a high degree of autonomy, you will operate with limited oversight, demonstrating the ability to prioritize and execute responsibilities independently.

Proven ability to collaborate effectively with diverse teams, fostering clear communication and strong working relationships across departments. Demonstrates empathy, patience, and professionalism in interactions, ensuring smooth coordination and conflict resolution when necessary.

Demonstrated expertise in utilizing Microsoft Office Suite applications is essential for this role. The ideal candidate will possess a strong command of tools such as Word, Excel, and PowerPoint to efficiently manage data, create professional documents, and deliver impactful presentations.

Seeking a candidate with a robust background in [specific field, e.g., marketing, engineering, healthcare] and substantial hands-on experience in [relevant tasks or industries]. The ideal applicant will possess a proven track record of [key skill or achievement], complemented by expertise in [another critical skill or tool]. Familiarity with [specific software, frameworks, or methodologies] is essential, along with the ability to apply theoretical knowledge to practical challenges. Prior involvement in [specific projects, roles, or industry sectors] is highly valued, as is a deep understanding of [relevant concepts, regulations, or best practices]. Strong analytical and problem-solving abilities are required to navigate complex scenarios and deliver measurable results.

Proficiency in IFRS 17 standards is essential for this role, requiring a comprehensive understanding of the framework’s principles and applications. The position demands experience in implementing and interpreting these accounting regulations, ensuring compliance with financial reporting requirements. Candidates must demonstrate expertise in key areas such as measurement models, insurance contract liabilities, and disclosure obligations. Strong analytical skills and attention to detail are critical to accurately assess financial impacts and maintain alignment with evolving regulatory guidelines.

Proficient in current insurance regulations, capital markets, and central bank guidelines, with a comprehensive understanding of the regulatory landscape.

Technical proficiency in actuarial science and methodologies is required, along with a robust understanding of statistical modeling, risk assessment, and financial mathematics. Candidates must demonstrate expertise in data analysis, proficiency with actuarial software and tools, and the ability to interpret complex actuarial reports and regulations.

Expertise in analyzing complex data sets and drawing meaningful insights is essential. The ideal candidate will have substantial experience in interpreting numerical trends, identifying patterns, and making data-driven recommendations. Proficiency in utilizing analytical tools and methodologies to assess performance metrics and operational efficiency is required.

Proficient in data programming with a strong command of programming languages and tools.

Seeking a candidate with a Bachelor’s degree in Computer Science, Engineering, or a related field, complemented by a minimum of five years of hands-on experience in software development. Proficiency in programming languages such as Java, Python, or C++ is essential, along with familiarity with database management systems like SQL. The ideal applicant should demonstrate strong analytical and problem-solving skills, the ability to work collaboratively in a team environment, and excellent communication abilities to articulate technical concepts to non-technical stakeholders. Additionally, experience with agile methodologies and version control systems is highly advantageous.

A degree in Actuarial Science or a closely related field such as finance or mathematics is required.

With a minimum of five years of hands-on actuarial experience, candidates should demonstrate a proven track record in the field.

Actuarial Expertise: Demonstrate advancement in actuarial examinations, having successfully completed a minimum of seven papers from a recognized actuarial organization.

go to method of application

To submit your application, kindly utilize the provided link(s) on the company’s official website.

Qualifications

BA/BSc/HND

Experience Required

5 years

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