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  • Posted: Sep 30, 2022
    Deadline: Oct 12, 2022
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    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

     

    Chief Manager - Administration

    Main Purpose of the Job - (Job Summary)

    Assist Head of Actuarial to meet Overall company strategy & objectives of business growth, profitability and sustainability through coordination of day to day actuarial function roles.

    Main Responsibilities

    • Assist in performing internal actuarial valuations and Quarterly reporting IRA and Board.
    • Coordinate IFRS 17 implementation.
    • 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.
    • 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

    Key Job Skills (specific to the job)

    • Leadership skills
    • Analytical Skills
    • Business/Market Awareness
    • Familiar with regulatory framework
    • knowledge of IFRS17 implementation would be an added advantage
    • Actuarial modelling
    • Risk Management

    Job Specifications

    Academic Qualifications

    • Bsc.in Actuarial, Statistics or Mathematics

    Professional Qualifications

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

    Key Job Skills (specific to the job)

    • Leadership skills
    • Analytical Skills
    • Business/Market Awareness
    • Familiar with regulatory framework
    • knowledge of IFRS17 implementation would be an added advantage
    • 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 work experience with 2 years in management.

    Method of Application

    Interested and qualified? Go to Kenindia Assurance Company Limited on www.kenindia.com to apply

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