Actuarial Analyst at Liberty Life

Main Purpose

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 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.
• Assist 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.
• Liaise with the external actuary on all actuarial aspects and compliance to the insurance act.
• Weekly unit pricing for LLKs unit linked products.
• Assist in the ALM and solvency reporting process

Qualifications

• Bachelors’ degree in actuarial science, statistics, engineering, mathematics or any equivalent with a strong emphasis on mathematical proficiency.
• Progress in the Institute of Actuaries examinations (4 papers)
• At least 2 years’ experience in the insurance industry or similar experience in a reputable organization
• Basic knowledge of IFRS17
• Proficient knowledge on the insurance industry in Kenya.

Experience

• Statistical packages e.g. R,SAS, Visual Basic for Applications
• MS Office Solutions