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  • Actuarial Associate at Britam

  • Posted on: 25 June, 2019 Deadline: Not Specified
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  • Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region. The company offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. The product range includes: life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, Property development and private Equity.

    Actuarial Associate


    Job pupose

    The role holder is responsible for assisting in the day to day running of the Actuarial function by performing data checks and analysis; experience investigations, business projections and valuation of technical liabilities for the assigned business unit.

    Key responsibilities

    • Coordinate with the assigned business units in the preparation of valuation data;
    • Carry out investigations as directed e.g. on expenses, Return on Assets, Mortality;
    • Timely calculation and reporting of accurate insurance technical liabilities provided for monthly financial reporting as well as carrying out Reserve Adequacy Tests. This includes preparation of reports on valuation results;
    • Participate in product development as and when required including modelling, profit and sensitivity testing. Assist in product pricing and setup in the actuarial pricing and valuation system;
    • Carry out business projections for the annual business planning exercise, strategy reviews and for capital management / Solvency purposes as well as Stress and Scenario testing on the projections;
    • Ensuring compliance to regulatory requirements; and 
    • Deliver on performance requirements as defined in the departments’ strategy map, balanced scorecard and Personal Scorecard.
    Knowledge, experience and qualifications required
    • Bachelor's degree in actuarial sciences, statistics or any mathematics related field.
    • Passed a minimum of 4 Actuarial Professional Examinations/ Papers.
    • Strong computer and business solutions software skills.
    • Strong analytical and problem solving skills.
    Essential Competencies
    • Learning and Researching: Rapidly learns new tasks and commits information to memory quickly; demonstrates an immediate understanding of newly presented information; gathers comprehensive information to support decision making at management level; learns from successes and failures and seeks colleague and customer feedback.
    • Working with People: Shows respect for the views and contributions of other team members; shows empathy; listens, supports and cares for others; consults others and shares information and expertise with them; builds team spirit and reconciles conflict; adapts to the team and fits in well.
    • Applying Expertise and Technology: Applies specialist and technical expertise; uses technology to achieve work objectives; develops job knowledge and expertise (theoretical and practical) through continual professional development; demonstrates an understanding of different organisational departments and functions.
    • Delivering Results and Meeting Customer Expectations: Focuses on customer needs and satisfaction; exhibits high standards for quality and quantity; monitors and maintains own quality and productivity; works in a systematic, methodical and orderly way; consistently achieves projects goals.
    • Following Instructions and Procedures: Follows procedures and policies; keeps to schedules; arrives punctually for work and meetings; demonstrates commitment to the organisation; complies with legal obligations and safety requirements of the role.
    • Adhering to Principles and Values: Upholds ethics and values; demonstrates integrity; accepts diversity; display individual responsibility towards the community and the environment; models the organisational values during every day interactions.

    Method of Application

    Interested and qualified? Go to Britam career website on britam.taleo.net to apply

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