Actuarial Analyst – Contract at Liberty Life

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.