Jobs Career Advice Signup

Send this job to a friend


Did you notice an error or suspect this job is scam? Tell us.

  • Posted: Apr 29, 2024
    Deadline: May 10, 2024
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    To provide unmatched Financial Solutions that delight our customers. We are committed to empowering our employees whilst embracing innovation & emerging technologies in order to maximize stakeholders value. The Kenyan Alliance Insurance Company Limited is dedicated to become one of the leading regional insurance provider of all General Insurance and life...
    Read more about this company


    Actuarial Manager

    Main Purpose of the Job- (Job Summary)

    The role holder is responsible for providing support to General and Life Insurance and other support functions in the Company such as Finance and Risk. The role involves providing actuarial analysis to ensure the company is always aware of its financial liability position, risks and market dynamics.

    Main Responsibilities

    General Insurance

    • Review and test models and assumptions on actuarial valuation for general insurance
    • Price new products and provide ratings guidelines for general insurance
    • Provide actuarial input in the Product Development Process for general insurance
    • Monitor and analyze experience investigations (claims, expenses etc.) and other actuarial investigations for general insurance
    • Formulate the investment strategy and review of the investment performance to provide insights for general insurance
    • Review and provide insights on solvency position and capital requirements
    • Perform long term financial projections to support decision making
    • Review of reinsurance arrangements and give recommendations on suitability of the reinsurance arrangements
    • Prepare and present quarterly industry analysis report for the subsidiaries and
    • Prepare draft quarterly Board Papers
    • Participate in special projects such as the IFRS 17 implementation support as well as other projects requested by general insurance.Life Insurance
      • Provide input into underwriting strategy and rules for Life insurance business
      • Review the product performance with regards to their claims and expense experience and advise on appropriate pricing
      • Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy
      • Working with the risk and compliance department in the measurement/quantification of financial and operational risk in Life insurance business
      • Co-ordinate the supplementary reporting requirements to Annual Financial Reports
      • In charge of developing the Asset Liability Management framework for the life business and working closely with the Management to actualize the ALM framework
      • Coordinate the preparation of business plans/budgets and capital management initiatives for the life business
      • Provides input to the enterprise risk management by conducting stress and scenario testing, reviewing the risk appetite statements, etc
      • Ensuring compliance to IRA regulation and other relevant regulations
      • Work closely with the finance function, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements
      • Make presentations to management and board on the performance of the business, including financial impacts of actions taken by management and the board

      Perform any other roles as may be assigned by management from time to time.

    Knowledge & Experience

    The candidate must demonstrate and possess the following skills and qualifications:

    • University Degree in actuarial science or related field
    • Minimum 5 years of relevant actuarial experience in an actuarial function
    • Fellowship Qualification (IFOA, SOA or other recognized actuarial body)
    • Exposure and experience in reporting, including IFRS 17 implementations
    • Strong data programming skills
    • Good analytical skills
    • Statistical techniques
    • Excellent communication and presentation skills
    • Problem solving skills’
    • Excellent interpersonal skills
    • Leadership skills with high personal integrity

    go to method of application »

    Claims Officer

    Main Purpose of the Job- (Job Summary)

    The role holder is responsible for registering and acknowledging new claims, archiving claims files, updating various claims registers.

    Main Responsibilities

    • Register and acknowledge new claims
    • Advise and follow up on claim requirements. (Documentation.)
    • Maintain an updated repair progress register/movement of vehicles at the assessment centre
    • Appointment of service provider – Windscreen replacements
    • Analysis of claims documents as per claims guidelines
    • Set initial reserves on claims within the limits and guidelines
    • Follow up on claims requirements and documents
    • Attend to clients promptly and provide Excellent Customer service and feedback to clients on claims progress
    • Continuous Update of various claims registers
    • Claim files archiving and ensure timely retrievals.
    • Communicating with garages on repair/release of vehicles
    • Doing preliminary demand letters to negligent third parties
    • Making payment vouchers when the claims are finalized
    • Recommend for a second assessment on accident vehicles whenever necessary.
    • Evaluate the performance of the repairers and external assessors.

    Perform any other roles as may be assigned by management from time to time.

    Knowledge & Experience

    The candidate must demonstrate and possess the following skills and qualifications:

    • Bachelors of Commerce degree (insurance option preferred)
    • Good progress in Professional qualification in Insurance (ACII/IIK )
    • Two (2) years Claims insurance experience
    • Good analytical skills
    • Decision making skills
    • Attention to detail
    • Good Interpersonal skills
    • Good Customer Service skills

    Method of Application

    Interested candidates should send their CVs to  using the position as the subject of the email.

    Build your CV for free. Download in different templates.

  • Apply Now
  • Send your application

    View All Vacancies at Kenyan Alliance Insurance Back To Home

Subscribe to Job Alert


Join our happy subscribers

Send your application through

GmailGmail YahoomailYahoomail