Responsible for actuarial modelling and reporting in IFRS 17 financial standard, product development & profit-testing, solvency, regulatory reporting and compliance. The role holder will provide actuarial support to business and participate in overall risk management for the company. He/she is expected to lead and manage a team that is all rounded and highly motivated to achieve both their personal and career objectives.
Responsibilities
- Review
valuation parameters and change where necessary in consultation with the
PO.
- Review
valuation results and make the monthly management report
- Review
liability levels and advice the finance department accordingly.
- Review and
recommend on appropriate product pricing for existing and new products
- Continuously
review the level of value provided by our products to the policyholders
- Review and
recommend appropriate profitability levels for all products on a
monthly/quarterly basis
- In liaison with
the other departments, roll out the implementation and training timetable.
- Present
actuarial reports to the board and management from time to time.
- Facilitate
review of new products by the Actuarial Consultants and provide feedback
to management.
- Ensure
regulatory actuarial reports for both quarterly and annual reporting are
prepared and submitted.
- Monitor risk
within business positions to ensure excessive risks are not taken during
business execution.
- Ensure
compliance to IRA regulation.
- Working closely
with the Business Development and Marketing team in the interest of
satisfying customer demands.
- Monitoring the
competition and the regulatory environment, identifying and analyzing
major changes in the industry.
- Looking for
possible new partners for the introduction of new services and product
features.
Qualifications.
- Must be a
member of Institute and Faculty of Actuaries or its equivalent.
- Must have
attained a Fellowship Qualification.
- A Bachelor’s
degree in Actuarial Science, Statistics, Mathematics or any other related
field.
- At least 5
years working experience in an actuarial function or consultancy.
How to
Apply
Interested and qualified
candidates should forward their CV to: applications@trident.co.ke using
the position as subject of email.
