As an Actuarial Senior Team Leader you will be responsible for monitoring, analyzing and reporting on insurance contract liabilities, pricing of products and their approval, risk based capital modelling and compliance with various regulations and requirements and adoption and full implementation of IFRS 17.
KEY PRIMARY RESPONSIBILITIES
Product development which involves conducting research, developing pricing models, profit testing and other actuarial modeling/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 setup
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
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 1
PROFESSIONAL QUALIFICATIONS
At least 7 Actuarial professional examinations
Member of a relevant professional body
EXPERIENCE
At least 5 years’ relevant experience
Strong preference will be given to candidates with the above qualifications, skills, and experience. If your career aspirations match this exciting opportunity, please submit your application to recruitment@apollo.co.ke with Actuarial Senior Team Leader as the subject of the email on or before 10th February 2023. Only shortlisted candidates will be contacted.
Apply via :
recruitment@apollo.co.ke