Actuarial Supervisor at Jubilee Insurance

Job Ref. No. JLIL090 

We currently have an exciting career opportunity for Actuarial Supervisor within Jubilee Life Insurance Limited.
The position holder will report to the Regional Manager-Actuarial and will be based at Head office in Nairobi.

Role Purpose

The role holder provides actuarial modelling and reporting in product development & profit-testing, IFRS17, solvency,
risk capital, management and financial reporting and regulatory compliance.

Main Responsibilities

1. Actuarial reporting for financial & regulatory compliance: Including actuarial reserving, IFRS17 modelling, Financial Condition Report, Solvency, Risk Based Capital reports
2. Product Development: -
   1. Pricing, profit-testing, system set-up
   2. Development of policy documents for new products
   3. Developing illustrations for new products
   4. Ongoing profitability monitoring of the product
   5. Scenario & sensitivity testing
3. Actuarial experience analyses including mortality investigations; persistency; expenses; investment returns; analysis of reserves & surplus
4. Value of new business, embedded value & Asset Liability Management valuations
5. Projections and Budgeting: Projected actuarial reporting for financial statements & strategic planning
6. Actuarial risk technical modelling and use of internal models
7. Gives leadership and technical direction to staff under supervision in performing actuarial functional work
8. Perform other duties as may be assigned from time to time

Key Competencies

1. Accountability for results
2. Diligence
3. Team management
4. Actuarial judgement skills
5. Analytical Skills

Qualifications

1. Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or any other related field.
2. Master’s degree will be an added advantage.
3. Professional Actuarial Papers (Minimum of 7 exams)

Relevant Experience

1. A minimum of 3 years’ experience, 1 in a supervisory role.
2. IFRS17 implementation experience/ technical aptitude