Actuarial Consultant at Minet Kenya

Operational Responsibilities

• Conduct actuarial valuations for pension schemes and insurance companies.
• Develop, price, and review insurance products.
• Optimize reinsurance programs for insurance clients.
• Develop Investment Policy Statements (IPS) for clients.
• Prepare and deliver high-quality actuarial reports and presentations.
• Develop strategic plans for pension schemes.
• Set up and manage Income Drawdown and Post-Retirement Medical Funds.
• Support pension scheme governance through service provider selection (RFP preparation, evaluation, and reporting).
• Project healthcare costs and assess the financial impact of proposed medical benefits for corporate clients.
• Review member benefit statements and calculations for Defined Benefit (DB) schemes.
• Calculate projected benefits for Defined Contribution (DC) schemes.
• Prepare internal actuarial reports for management and internal stakeholders.
• Validate actuarial data for completeness and reasonableness

Business Development

• Drive business growth in alignment with set annual budgets.
• Maintain a strong, credible, and effective sales pipeline.
• Prepare high-quality proposals and presentations in response to RFPs and RFQs. Follow up on all business development opportunities to maximize new business conversion.

Credit Control

• Ensure timely and accurate invoicing in line with company policies and procedures.
• Follow up on outstanding payments to ensure collection within company-defined timelines.

Other Duties

• Perform any other relevant duties as assigned by the line manager.

Key Result Areas

• Revenue generation aligned with budget targets.
• Timely delivery of internal and external client projects.
• High-quality actuarial valuations and reports.
• Outstanding client service delivery.
• Effective debt collection (within 60 days).

Key Competencies

• Strong time management and organizational skills.
• Excellent interpersonal and communication skills.

Knowledge And Skills Required

• Proficient in actuarial software, VBA, and advanced MS Excel.
• Strong analytical and problem-solving abilities.
• High attention to detail and accuracy.
• Excellent report writing and presentation skills.

Professional and Academic Qualifications

• Master’s degree in a business-related field.
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Physics, Commerce, or a related field.
• Fellowship with the Actuarial Society of Kenya or any other inteationally recognized actuarial institute.
• Minimum of 7 years of relevant experience in actuarial consulting or a related role.