Assistant Manager - Actuarial Department at Kenindia Assurance Company Limited

Main Purpose of the Job - (Job Summary)

Meet Overall company strategy & objectives of business growth, profitability and sustainability through actuarial analysis, product development and compliance with actuarial function’s statutory obligations.

Main Responsibilities 

• Assist in performing internal actuarial valuations and Quarterly reporting IRA and Board.
• Perform basic data integrity checks by retrieving data and following established guidelines to minimize errors and support delivery of accurate information for sound actuarial analyses.
• Carry out business and experience studies to update actuarial assumptions for valuation, pricing and risk assessment.
• Provide underwriting and reinsurance support for pricing and risk assessment selections including financial, business and trend analysis.
• Assist in product development and review of premium rates on request by carrying out research to assess company competiveness.
• Actuarial correspondence with stakeholders and finance by addressing raised queries.
• Review and updating internal actuarial policies as and when required.
• Training & mentoring of actuarial staff to achieve highest levels of performance

    2 or  3 Key Deliverables (specific to this position)

• Product development & pricing.
• Regular & accurate actuarial analysis.
• Training and development by pursuing actuarial credential by sitting for actuarial exams on a regular basis and attending professional development training

Relevant Experience

• At least +5yrs  years of relevant experience

Academic Qualifications

• Bachelor of Science in Actuarial Science or Mathematics

Professional Qualifications

• Passed at least (5-10)/15actuarial exams

Key Job Skills (specific to the job)

• Proficiency in Excel
• Analytical Skills
• Business/Market Awareness
• Continuous Innovation
• Familiar with regulatory framework

Insurance Skills (special Category)

• Actuarial modelling
• Risk Management

General Skills 

• Communication skills
• Interpersonal skills
• Customer Service
• IT skills (fluency)

Our Competencies/Behaviours

• Integrity 
• Reliability 
• Transparency 
• Professionalism 
• Teamwork 
• Quality