Vacancies at Old Mutual Kenya

KEY TASKS AND RESPONSIBILITIES

• Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries and analysis of profitability/surplus,
• Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report.
• Experience Investigations: Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
• Product Profitability Review: Perform profitability analysis, experience analysis, and other relevant actuarial investigations for Old Mutual to inform business decisions.
• Solvency and Capital management: Carry out solvency computation for the BUs on a risk-based capital basis including solvency stress tests.
• Financial Modeling: assist with financial modeling 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 Business Units. Perform stress and scenario analysis on the plan numbers.
• Reinsurance Support: Carry out a reinsurance analysis for the Life Kenya 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 Life Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Formulate appropriate risk mitigation measures for the BUs and develop a risk register for an enterprise in CURA (Risk System).
• Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for Old Mutual Life businesses.
• Other reasonable duties that may be assigned by management.

SKILLS AND COMPETENCIES

• Analytical Skills
• Data Handling knowledge
• Business Awareness
• Problem Solving Skills
• Communication and Presentation skills
• Ability to prioritize and work on a wide range of deliverables at once
• Working under minimal supervision
• Good interpersonal skills
• Proficiency in Microsoft office packages

 KNOWLEDGE & EXPERIENCE

• IFRS17 Knowledge
• Familiar with the current Insurance regulations, Capital markets and Central Bank regulations
• Strong actuarial technical skills
• Strong analytical skills
• Strong data programming skills

QUALIFICATIONS

• Bachelor of Actuarial Science or other related finance or mathematics degree
• Minimum 5 years actuarial experience
• Actuarial Knowledge: Show progress with actuarial examinations, Minimum 7 papers from a recognized actuarial body

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KEY TASKS AND RESPONSIBILITIES

KEY RESPONSIBILITIES

Litigation & Dispute Resolution

• Independently manage litigation and dispute resolution matters, including arbitration support.
• Coordinate case strategy, documentation, and court processes.
• Liaise with external counsel and monitor performance and cost efficiency.

Contract negotiation

• Review all contracts or any other documentation to which the Company has committed itself and assess legal implications that need to be brought to the executive management’s attention.
• Prepare, review and modify contractual instruments to assist and support various business activities.
• Development of standard contract templates
• Formulate compliance checklists to be used for the purpose of ensuring that all information required is provided accordingly and timely.

Policy development and advisory

• Review and advise the business on the legal implications of internal policies and procedures.
• Draft and review contracts, agreements and internal policies and ensure that they are in compliance with all statutory or legal requirements.
• Assist the business in interpreting and applying statutes, agreements, contracts, rules and regulations through legal opinions.
• Proactively carry out research on emerging legal issues and advise the business on necessary compliance measures to be undertaken.
• Maintain and update the database on legal opinions issued to the business for reporting to management.

Legal Risk

• Collaborate with the Head of Legal Services in undertaking legal & governance audits, recommend, monitor and ensure the mitigation of potential risks.
• Liaise with relevant departments to ensure that where legal risks have been identified, appropriate courses of action have been taken.
• Provide legal and risk management advice to the business especially on contract management.
• Provide and interpret legal information, conduct training and disseminate appropriate legal requirements to staff.

Governance & Company Secretarial Services

• Collaborate with the Company Secretary and other stakeholders to ensure compliance to the regulatory landscape of the business and Regulator directives.
• Prepare monthly and quarterly reports to the Head of Legal Services for reporting in executive management meetings, Board meetings and Group meetings.
• Support the Company Secretary in organizing, preparing agendas for and taking minutes of the board and board committee meetings and annual general meetings (AGMs)
• Ensure that management meetings are operating within the said governance structure.
• Support the Company Secretary in regularly reviews terms of reference of board and board committees as well as management committees.
• Support the Company Secretary in addressing regulatory matters and liaising with the regulators.
• Maintaining of statutory books, including regulatory filings with the respective regulators.