Roles & Responsibilities:
Product development and approval
Provide capital adequacy and underwriting strategy guidance
Provide guidelines on appropriate reserving guidelines
Perform profitability and experience analysis
Formulate liability valuation and product pricing
Collaborate with the finance function in regulatory reporting, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements.
Co-ordinate the supplementary reporting requirements to Annual Financial Reports.
Review the product performance with regards to their claims and expense experience and advice on appropriate pricing.
Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy.
Work with the risk and compliance department in the quantification of financial and operational risk in the business
Coordinate the preparation of business plans/budgets and capital management initiatives for the general business.
Provides input to the enterprise risk management by conducting stress and scenario testing etc.
Support the formulation of appropriate investment strategies and/or review and monitoring of investment strategies
Supervise, mentor and coach staff under supervision
Be highly conversant with IFRS 17 requirements and have the relevant skills to implement the new standard.
Prepare Board Papers and regulatory solvency and valuation reports
Perform any other duties as may be assigned from time to time
Minimum Requirements:
Bachelor’s degree in Actuarial Science
6+ years’ relevant experience with at least 4+ years at management level
Fellow or nearly qualified member of the Institute of Actuaries or any other recognized actuarial body
Member of Actuarial Society of Kenya
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