Job Summary
The actuarial analyst will be responsible for
providing support in the day-to-day activities of the actuarial department to
ensure they are conducted in a timely manner. These responsibilities include
data checks and analysis, experience investigations, valuations and reporting.
Key Responsibilities
- Take part in the preparation of valuation data working in
conjunction with the relevant departments of the business
- Carry out investigations such as expenses, return on assets,
mortality etc. To provide information to senior management for decision
making purposes
- Assist in the performance of statutory and non-statutory
actuarial valuation of the life business
- Determine the level of profitability and performance of new
and existing products
- Provide assistance in calculation of actuarial liabilities
- Participate in product development in regard to modelling,
profit and sensitivity testing.
- Assist in product testing once it has been set up in the
administration and valuation system
- Conduct monthly data checks and communicate to the relevant
departments to make changes so as to ensure there is correct and accurate
of data in the system for use by staff
- Participate in developing monthly reports for management and
ensure compliance to IRA regulation
- Assist in the carrying out projections during the annual
budgeting process
- Monitor per policy expense of products and the mortality
experience to determine sufficiency of premiums for different products
- Carry out value of new business (VNB) calculations
- Monthly unit pricing for LLKS unit linked products
- Provide assistance in the ALM and solvency reporting process
Qualifications
- Bachelor’s degree in actuarial science, statistics,
mathematics or any equivalent with a strong emphasis on mathematical
proficiency
- Progress in the institute of actuaries examinations (2 papers)
Experience
- Minimum of 1 year in a similar field
Competencies
- Good interpersonal skills
- Statistical techniques
- Proficient knowledge on the insurance industry in Kenya
- Knowledge of statistical packages or programming
- Relevant actuarial guidelines.
How To Apply
If you meet the above requirements, you are
encouraged to forward your application and updated cv to hr@libertylife.co.ke
