Actuarial Analyst - Life at Britam

Job Purpose

• The role holder is responsible for assisting in the day-to-day running of the Actuarial unit by performing analysis; experience investigations, business projections, valuation of technical liabilities; and preparing management & regulatory reports for the assigned LOBs.
• He/she is also responsible for knowledge transfer through guiding the Actuarial associates and interns.

Key responsibilities

• Select appropriate reserve calculation method  and calculate reserves 
• Review and monitor experience on all products to inform decision making on reserving assumptions.
• Perform embedded value and analysis of surplus calculations and preparation of the management report highlighting the key movements.
• Provide analysis to support the renegotiation of the existing contracts
• Carry out business projections for the annual business planning exercise, strategy reviews and for capital management/solvency purposes as well as Stress and Scenario testing on the projections and facilitate management reports on the stresses.
• Prepare comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring.
• Providing clarification to finance function, appointed actuary and external auditor queries on the disclosure requirements and/or methodology used.
• Prepare data to help address all matters raised by the IRA in their risk inspection and continue to highlight emerging risks.
• Conversant with IFRS 17 requirements and valuations.
• Provide data and initial assessment in relation to Bonus Policy, Dividend Policy and ALM. 
• Supervising, mentoring and coaching Actuarial Associates and Interns
• Perform any other duties as may be assigned from time to time

Key Performance Measures

• As described in your Personal Scorecard

Knowledge, experience and qualifications required

• University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency
• 2-4 years’ experience in a similar position 
• Progress in Institute of Actuaries examinations (At least 6 papers)

Technical/Functional competencies

• Statistical techniques 
• Proficient knowledge on the insurance industry in Kenya 
• Knowledge of reinsurance arrangements and structures
• Knowledge of statistical packages or programming (e.g. SAS, Visual Basic) 
• Database management systems

Closing Date: 19 June 2022