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  • Posted: Nov 8, 2021
    Deadline: Nov 17, 2021
  • Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.
    Read more about this company


    Actuarial Analyst

    Job Ref. No. JLIL019

    Position: Actuarial Analyst

    We currently have an exciting career opportunity for Actuarial Analyst within the Actuarial Department, Jubilee Life Insurance Limited. The position holder will report to the Head of Actuarial and will be based at Head Office in Nairobi.

    Role Purpose

    The role holder will be responsible for actuarial analysis & modelling for technical reporting, pricing, actuarial results in financials, solvency, and capital requirements as well as projections for budgeting, experience & scenario analysis.

    Main Responsibilities

    1. Projections and Budgeting
      1.  Development of projected actuarial cash flows & reserves models
      2.  Actuarial inputs for financial report
    2. Actuarial Reporting
      1.  Actuarial modelling – reserves for regulatory & financial reporting and asset liability management
      2.  Experience analyses including mortality investigations, persistency, expenses & investment returns.
      3.  Gross and Reinsurance loss ratios.
      4.  Financial statements actuarial inputs.
      5.  Risk based capital solvency reporting.
    3. Product Development
      1.  Pricing, profit–testing, system set–up, & development of policy documents for new products
      2.  Developing illustrations for new products
      3.  Ongoing profitability model runs.
      4.  Analysis of surplus
      5. Value of in–force, new business and embedded value reporting
    4. Policy Administration System
      1.  Setting product parameters on the system
      2.  Testing past products

    Key Competencies

    1. Entrepreneur Spirit
    2. Market Awareness
    3. Customer Focus
    4. Continuous Innovation
    5. Ownership & Commitment
    6. Team Spirit
    7. Attention to detail


    1. Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other relevant field
    2. Professional Actuarial Examinations (Minimum of 3 completed papers)

    Relevant Experience

    Minimum of 1 year relevant experience

    Method of Application

    If you are qualified and seeking an exciting new challenge, please apply via [email protected].com quoting the Job Reference Number and Position by 17th November 2021.

    Only shortlisted candidates will be contacted.

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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