Actuarial Services Manager at Madison Group Limited

The Role

Key responsibilities

The Actuarial Services Manager will provide leadership to the actuarial team and provide other technical and actuarial services.

The position has the following key responsibilities:

• Quarterly and annual statutory valuations in accordance with the Insurance Act;
• Regular actuarial review of insurance products, pricing and profitability;
• Review of insurer assets and liabilities and actuarial reserves;
• Actuarial advice input on strategic planning;
• Leadership and management of the actuarial unit.

Minimum Requirements

Qualifications and experience:

Qualified candidates are required to have the following qualifications and experience:

• B.Sc degree in Actuarial Science;
• Preference will be given to candidates who have a Master’s degree in either Actuarial Science or Business Administration;
• Membership to the Institute and Faculty of Actuaries or any other body;
• Be an Associate member of the Actuarial Society of Kenya;
• Have at least 8 years’ experience in the insurance industry;
• Experience in product development including design, profitability, testing and capital requirements;
• Experience in actuarial reserving for Life and Pensions
• Actuarial valuations for internal and external requirements;
• Project management and report writing.