Job Description
- Ensure provision of Actuarial Services to Old Mutual East
Africa Group by working closely with the business entities and other Group
Functions to meet their needs. This includes reserving, pricing, product
reviews, experience reviews and solvency and capital management
- Conducts accuracy checks, and analyses data to draw
conclusions and make recommendations.
- Generate actuarial reports on various technical issues to
senior management and Board of Directors.
Key Tasks & Responsibilities
- Technical Actuarial Support:
Conduct and/or review internal actuarial liability valuations.
- Review of external actuaries’ report for Kenya and
collaboration with the appointed actuaries to produce the financial
condition report for Kenya.
- Product Pricing and Review;
Pricing products, profitability analysis, experience analysis, and other
relevant actuarial investigations.
- Experience Monitoring; Conduct
claims experience analysis and expense investigations and expense
allocation exercises and other relevant actuarial investigations to inform
business decisions.
- Solvency and Capital management; Carry out solvency computation on a risk-based capital basis
including solvency stress tests.
- Financial Modeling; assist
with financial modeling of business scenarios/projects to inform business
decision making.
- Risk Management Support; Identifying
and quantifying risk (insurance, market, credit risks etc.) where
appropriate and formulating appropriate risk mitigation measures. This
includes risk control processes as well as monitoring and reporting of
risk.
- Strategy and Business Planning Support; assist with business planning, financial projections and
solvency projections.
- Special Projects; participate
in special projects as would be requested by the insurance companies
within the group e.g. IFRS17 and mapping out of OPEX Standard Operating
Procedures.
- Reinsurance Support; Carry
out a reinsurance P&L analysis for the East Africa subsidiaries to
explore ways to optimize reinsurance arrangements.
- Reporting and Documentation; Presentation
of results and reports to businesses. Preparation of Board Papers and
regulatory solvency and valuation reports etc.
Skills & Competencies
- Analytical Skills
- Data Handling knowledge
- Business Awareness
- Problem Solving Skills
- 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
Actuarial Knowledge. Programming knowledge Analytical
Knowledge Management knowledge Commercial knowledge Over 5 Year Actuarial
experience
Qualifications
- BACHELOR OF SCIENCE ACTUARIAL SCIENCE
- Member of institute and faculty or Society of actuaries –
Nearly qualified or qualified actuary.
How To Apply
