Risk Analyst at Jubilee Insurance

Job Ref. No. HRJIC656

We currently have an exciting career opportunity for Risk Analyst, Jubilee Health Insurance Limited. The position holder will report to the Manager, Actuarial & Risk and will be based at Head Office, Nairobi.

Role Purpose

The job holder will offer actuarial advice on the price for medical contracts, calculation of insurance technical provisions, monitor and analyze product performance & reserve adequacy, ensure filing of regulatory returns and new products.

Main Responsibilities

1. Lead the implementation and management of Jubilee Health Insurance Limited’s risk policy and framework.
2. Ensure that risk evaluation, monitoring, review, and documentation occur in accordance with the Risk Management
3. Policy and Methodology.
4. Develop and update the risk appetite statement.
5. Quarterly updating of risk registers which is shared with the Board Risk Management Committee for review of company overall risk profile.
6. Develop risk reporting tools that the company can use to monitor its risk profile.
7. Guide integration of ERM with the company budgeting and other management planning activities.
8. Establish a common risk language for the company.
9. Facilitate manager’s development of reporting protocols, including quantitative and qualitative thresholds, and monitoring the reporting process.
10. Assist the CEO in ensuring that key risks are being taken and managed appropriately within the risk appetite and tolerances.
11. Ensure risk assessments are performed when significant organizational changes occur.
12. Monitor and ensure the risk mitigation efforts are proceeding as planned.
13. Proactively identify emerging risks.
14. Assist in developing reports to the CEO and Board on risk management activities.

Key Competencies

1. Business & Market Awareness
2. Customer Focus
3. Continuous Innovation
4. Ownership & Commitment
5. Team Spirit

Qualifications

Degree in Actuarial Science/Statistics/Risk or any other related field.

Relevant Experience

Minimum of 1–2 years’ relevant experience.