Assistant Manager - Actuarial 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.
• 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

• Bsc.in 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

Experience

• At least +5yrs years of relevant experience