Job Ref. No. JLIL090
We currently have an exciting career opportunity for Actuarial Supervisor within Jubilee Life Insurance Limited.
The position holder will report to the Regional Manager-Actuarial and will be based at Head office in Nairobi.
Role Purpose
The role holder provides actuarial modelling and reporting in product development & profit-testing, IFRS17, solvency,
risk capital, management and financial reporting and regulatory compliance.
Main Responsibilities
Actuarial reporting for financial & regulatory compliance: Including actuarial reserving, IFRS17 modelling, Financial Condition Report, Solvency, Risk Based Capital reports
Product Development: -
Pricing, profit-testing, system set-up
Development of policy documents for new products
Developing illustrations for new products
Ongoing profitability monitoring of the product
Scenario & sensitivity testing
Actuarial experience analyses including mortality investigations; persistency; expenses; investment returns; analysis of reserves & surplus
Value of new business, embedded value & Asset Liability Management valuations
Projections and Budgeting: Projected actuarial reporting for financial statements & strategic planning
Actuarial risk technical modelling and use of internal models
Gives leadership and technical direction to staff under supervision in performing actuarial functional work
Perform other duties as may be assigned from time to time
Key Competencies
Accountability for results
Diligence
Team management
Actuarial judgement skills
Analytical Skills
Qualifications
Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or any other related field.
Master’s degree will be an added advantage.
Professional Actuarial Papers (Minimum of 7 exams)
Relevant Experience
A minimum of 3 years’ experience, 1 in a supervisory role.
IFRS17 implementation experience/ technical aptitude
Method of Application
If you are qualified and seeking an exciting new challenge, please apply via [email protected] quoting the Job Reference Number and Position by 5th September 2022.
Only shortlisted candidates will be contacted.
