Actuarial Manager at Frank Management Consult Ltd

Roles & Responsibilities:

• Product development and approval
• Provide capital adequacy and underwriting strategy guidance
• Provide guidelines on appropriate reserving guidelines
• Perform profitability and experience analysis
• Formulate liability valuation and product pricing
• Collaborate with the finance function in regulatory reporting, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements.
• Co-ordinate the supplementary reporting requirements to Annual Financial Reports.
• Review the product performance with regards to their claims and expense experience and advice on appropriate pricing.
• Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy.
• Work with the risk and compliance department in the quantification of financial and operational risk in the business
• Coordinate the preparation of business plans/budgets and capital management initiatives for the general business.
• Provides input to the enterprise risk management by conducting stress and scenario testing etc.
• Support the formulation of appropriate investment strategies and/or review and monitoring of investment strategies
• Supervise, mentor and coach staff under supervision
• Be highly conversant with IFRS 17 requirements and have the relevant skills to implement the new standard.
• Prepare Board Papers and regulatory solvency and valuation reports
• Perform any other duties as may be assigned from time to time

Minimum Requirements:

• Bachelor’s degree in Actuarial Science
• 6+ years’ relevant experience with at least 4+ years at management level
• Fellow or nearly qualified member of the Institute of Actuaries or any other recognized actuarial body
• Member of   Actuarial   Society   of Kenya