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  • Posted: Sep 30, 2022
    Deadline: Oct 12, 2022
  • Never pay money for any certification or fee to an employer. Not sure, contact us

    Kenindia Insurance Ltd, was established as merger of Indian Insurance Companies operating in Kenya to form a vibrant joint venture with moral and financial support from leading local business elite on 6th December 1978.

    By 2007, a span of 29 years, the company had crossed the Ksh 3 billion gross premium income mark to become the largest non-life...
    Read more about this company


    Assistant Manager - Actuarial

    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.
    • Training & mentoring of actuarial staff to achieve highest levels of performance.
    • Any other duties assigned

    Key deliverables

    • Collecting data, validating data and following established guidelines to minimize errors.
    • 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 trainings.

    Academic Qualifications

    • Actuarial, Statistics 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


    • At least +5yrs years of relevant experience

    Method of Application

    Interested and qualified? Go to Kenindia Assurance Company Limited on to apply

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