Actuarial Consultant at Minet Kenya

• To provide actuarial consultancy and related advisory services to the company, supporting the delivery of accurate actuarial analyses, client solutions, and compliance with professional and regulatory standards.

Duties and Responsiblities

• Operational
• Conduct actuarial valuations of insurance companies;
• Prepare IFRS 17 accounts and disclosures for insurance companies;
• Develop, price and review insurance company products;
• Insurance reinsurance program optimization;
• Support reinsurance division with end year review of reinsurance statistics;
• Prepare reinsurance program certifications for insurance companies;
• Prepare and present actuarial reports to clients;
• Develop financial sector governance policies related to risk management and investments;
• Provide IFRS 9 disclosures for financial sector companies relating to credit risk modelling;
• Project healthcare costs for corporate clients and assess the potential financial impact of proposed benefits to corporate medical schemes;
• Check member statements and member benefit calculations for defined benefit schemes;
• Calculate projected benefits for defined contribution schemes;
• Pension scheme actuarial valuations & IAS 19 actuarial valuations;
• Prepare reports for internal use; and
• Check data for reasonableness and completeness.
• Business Development
• Grow business in line with set budget;
• Develop and manage a credible and effective sales pipeline;
• Preparation of competent proposals to RFPs and RFQs and presentations to prospective clients; and
• Ensure that every sales opportunity is actively followed up, and recorded, to maximize the levels of new business conversion.
• Credit Control
• Invoicing as per company policies, processes and procedures.
• Follow up payments for the work done within agreed company timelines.
• Perform of any other relevant duties that may be assigned by the line manager

Key Result Areas

• New business revenue generation in line with budget.
• Quality Service.
• Completion of internal and external client projects within agreed timeframes.
• Accurate and up-to-date actuarial valuations.
• Credible reports for internal and external usage.
• Debt collection within 60 days.

Key Competencies

• Experience in the use of actuarial software, VBA and MS Excel.
• Time management skills.
• Attention to detail.
• Report writing skills.
• Presentation skills.
• Analytical skills.
• Interpersonal and communication skills.

Knowledge And Skills Required

The job holder must possess:

• A Bachelors degree in Actuarial Science, Mathematics, Statistics, Physics, Commerce or any other relevant field. A master’s degree would be an added advantage.
• Passed at least 10 actuarial professional exams in an inteational recognized actuarial institute. Fellowship would be an added advantage.
• At least 5 years relevant experience