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  • Posted: Aug 24, 2017
    Deadline: Sep 1, 2017
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    GA Insurance Ltd was incorporated in 1979 after the exit of General Accident Insurance. The company has over 50 years’ experience in general insurance underwriting inherited from its parent firm, General Accident Insurance (UK). It continues to underwrite various classes of risks in the general insurance segment, which includes medical and travel insur...
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    Actuarial Function Senior Officer

    The incumbent shall be responsible for evaluation of, and the provision of advice to GA Insurance Ltd concerning:

    The technical provisions;

    • Premium and pricing;
    • Scenario and sensitivity testing; and
    • Compliance with the statutory obligations of the line business

    Actuarial Function Senior Officer Job Responsibilities

    The incumbent shall be responsible for evaluation and advising on the following:

    • Valuation of liabilities and technical provisions.
    • Solvency position, including calculation of minimum capital required for regulatory purposes and liability and loss provisions;
    • Prospective solvency position and distribution of benefits;
    • Reinsurance arrangements;
    • Actuarial and financial risks;
    • Risk assessment and management policies and controls relevant to actuarial matters or financial condition;
    • Product development and design, including the terms and conditions of insurance contracts;
    • Sufficiency and quality of data used in the calculation of technical provisions;
    • Investment policies and the valuation of assets;
    • Underwriting policies, risk modeling and use of internal models.

    Qualifications for the Actuarial Function Senior Officer Job

    • Graduate with a degree in Actuarial Science/ Statistics
    • Professional actuarial exams (minimum 12/15 exams)

    Functional Skills

    • Analytical Skills
    • Exploitation and application of Information Technology
    • Actuarial modelling
    • Risk Management
    • Visionary Leadership
    • Market Awareness
    • Customer Focus
    • Continuous Innovation
    • Ownership & Commitment
    • Team Spirit

    Method of Application

    The candidate must have at least 4 year of relevant experience. If you meet the above minimum requirements, send your c.v to careers@gakenya.com indicate the position applied for on the email subject line so as to be received on or before 1st September, 2017. Only short listed candidates will be contacted.

     

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