Jobs at Old Mutual Kenya

JOB SUMMARY

•     Ensure provision of Actuarial Services to UAP Old Mutual Uganda by working closely with the Business Entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management
•     Conduct accuracy checks, and analyses data to draw conclusions and make recommendations
•     Generate actuarial reports on various technical issues to the Head of Life Actuarial, Senior Management and Board of Directors.

KEY TASKS AND RESPONSIBILITIES

• Technical Actuarial Support; Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries, analysis of profitability/surplus, calculation and analysis of embedded value using Prophet and MS Excel for UAP entities
• Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report for the BUs.
• IFRS 17 Project Support; Work closely with the wider Finance Team and Old Mutual Africa Regions to deliver on the key deliverables and operationalise IFRS17 reporting.
• Product Profitability Review; Perform profitability analysis, experience analysis, and other relevant actuarial investigations for UAP BUs to inform business decisions.
• Solvency and Capital management; Carry out solvency computation for the entity on a risk-based capital basis including solvency stress tests.
• Financial Modelling; assist with financial modelling of business scenarios/projects to inform business decision making.
• Strategy and Business Planning Support; assist with business planning financial projections and solvency projections for the Old Mutual entities. Perform stress and scenario analysis on the plan numbers.
• Reinsurance Support; Carry out a reinsurance analysis for the East Africa subsidiaries to explore ways to optimize on reinsurance arrangements.
• Reporting and Documentation; Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
• Risk Management support; assist the Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate.
• Investment Strategy support; Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for the Old Mutual life businesses.
• Other reasonable duties that may be assigned by management.

QUALIFICATIONS 

• Bachelor of Actuarial Science or other related finance or mathematics degree
• Minimum 8 years actuarial experience
• Actuarial Knowledge: Nearly qualified or qualified actuary, 8 papers and above
   

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Job Description

• The Database Administrator will perform a variety of database administration and management assignments on Microsoft, Oracle, and other database technologies. This requires knowledge of established relational database management procedures and data processing knowledge.  The job holder will be   expected to analyze and understand the business requirements, design, and develop reporting tools/ solution (technically and functionally), manage large databases running applications across various businesses and to be fully responsible for data back-up and recovery.

KEY TASKS AND RESPONSIBILITIES

• Database Installation and Configuration: Your role will involve installing and configuring database software on servers, ensuring all settings and configurations meet application requirements and security standards.
• Database Design and Architecture: You will collaborate with application developers and system analysts to design and implement efficient database structures that align with business needs and adhere to best practices.
• Database Security: Implementing robust security measures to safeguard sensitive data, including user access controls, data encryption, and conducting regular security audits.
• Performance Optimization: Monitoring and fine-tuning database performance to achieve optimal response times and efficient resource utilization. Identifying and resolving performance bottlenecks is a crucial aspect of this role.
• Backup and Recovery: Ensuring regular data backups and implementing recovery procedures to minimize data loss and maintain high availability.
• Data Migration and Integration: Facilitating seamless data migration between databases and applications, as well as integrating data from various sources into our databases.
• Database Maintenance: Conducting routine maintenance tasks such as index rebuilding, statistics updating, and system patching to uphold database health and stability.
• Troubleshooting and Issue Resolution: Diagnosing and resolving database-related issues, collaborating with cross-functional teams to address complex problems.
• Documentation: Maintaining comprehensive documentation of database configurations, changes, and procedures to ensure knowledge sharing and continuity within the team.
• Database Monitoring and Reporting: Implementing monitoring tools to track database performance metrics and generating periodic reports on database health and usage.
• Capacity Planning: Forecasting future database growth and planning for scalability to accommodate increasing data volumes and user demands.
• Compliance and Governance: Ensuring compliance with data privacy regulations and adhering to organizational data governance policies.

KNOWLEDGE & EXPERIENCE 

• Minimum of 3 years’ experience in Database administration.
• Experience working with relational databases is required. Working knowledge in MS SQL, Oracle and MySQL is mandatory.
• Experience working with a data warehouse is required.
• Solid understanding of data modelling, extraction, transformation, and batch load processing is an added advantage.
• Strong knowledge of Linux and Unix based operating systems.
• Basic hardware knowledge.
• Basic knowledge of Azure and AWS Cloud Platform.
• Excellent PL/SQL Programming expertise.

QUALIFICATIONS 

• Bachelor’s degree in computer science, Information Technology or equivalent.
• Certification in database administration (e.g., Oracle Certified Professional, Microsoft Certified Database Administrator).
• Certification in Azure or AWS Cloud Platform is an added advantage.