Senior Actuarial Officer - Grade KrRC 3A at Kenya Reinsurance Corporation Limited (Kenya Re)

Background Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971. Kenya Re’s core activity is providing reinsurance services for most classes of business. Since its inception, Kenya Re has p...

 

Senior Actuarial Officer - Grade KrRC 3A

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience4 years
  • LocationNairobi
  • Job FieldInsurance 

Reports to: Manager Actuarial

Job purpose

  • The job holder is responsible for assessing and managing risk by analyzing dataon claims, mortality and other factors to determine appropriate pricing for reinsurance products. To design and evaluate contracts, ensure financial reserves are adequate and assist in regulatory compliance.

Primary responsibilities

  • Responsible for providing ongoing technical and analytical support to Reinsurance business.
  • Prepare reports on solvency projections of the corporation’s balance sheet.
  • Use financial models to simulate various scenarios and assess their impact on the corporation’s profitability and capital adequacy.
  • Assist underwriting functions on pricing and or review of life, health, and non-life rates.
  • Assist management to review and advise on results of asset liability modelling.
  • Assist in capital modelling for solvency and business planning purposes.
  • Analyze data, construct probability tables to forecast risk and liability to assist in decision making.
  • Support and perform quarterly and annual reserve reviews.
  • Review of retrocession arrangements.
  • Ensure proper coordination with the corporation’s external stakeholders, mainly the Regulators, Rating agencies and Auditors.
  • Transfer of reserving models to IFRS 17
  • Assist management in reviewing investment policy.
  • Participate in gathering and analyzing information received from internal and external sources.

Requirement/Person Specifications

Academic Qualifications

For appointment to this grade, an Officer must have:

  • Bachelor’s degree in any of the following disciplines: Bachelor of ScienceActuarial Science, Statistics, Mathematics, Risk Management, Insurance or its equivalent from a recognised institution.
  • Have at least four (4) years relevant work experience
  • Membership of recognized professional actuarial body.
  • Supervisory course lasting not less than two (2) weeks.
  • Fulfilled the requirements of Chapter six of the Constitution.
  • Must have passed at least 10 actuarial professional papers from a recognized actuarial professional body. 

Method of Application

Applicants should indicate on the CV their current/last salary and whether they are persons living with disability. They should post or email as attachments their CV and cover letter quoting the relevant Job Ref No. outlining how they meet requirements for the position to: -

The Human Resource Manager
Kenya Reinsurance Corporation Limited
P. O Box 30271, 00100 GPO NAIROBI
E-mail: hr@kenyare.co.ke Closing Date: 21st November 2024

Comments

Post a Comment

Popular posts from this blog

Project Director at LVCT Health

LVCT Health is an indigenous Kenyan non-governmental and not-for-profit organization established in 2001. We are driving Kenya towards HIV prevention, with an ultimate goal of reducing HIV infections to zero. We offer integrated HIV services through development of models that are scaled up to the national models. We also carry out sexual and reproductive ...   Project Director Job Type Full Time Qualification MBA/MSc/MA Experience 7 - 10 years Location Kiambu Job Field Medical / Healthcare  Job purpose The Project Director will be responsible for providing overall strategic and technical oversight to the Dhibiti Project in Central region. This includes responsibility for the technical, monitoring and evaluation and financial and operations components of the project. S/he will work closely with the Program Director and other directors/managers to ensure adherence to technical and contractual requirements of the grant, achievement of targets and project alignment to institutional vision
Read more

Information Communication Technology - 12 Posts at Judiciary of Kenya

The Judiciary is one of the three State organs established under Chapter 10, Article 159 of the Constitution of Kenya. It establishes the Judiciary as an independent custodian of justice in Kenya. Its primary role is to exercise judicial authority given to it, by the people of Kenya. The institution is mandated to deliver justice in line with the Constitut...   Information Communication Technology - 12 Posts Job Type Contract Qualification Diploma Experience Location Nairobi Job Field ICT / Computer  , Internships / Volunteering  Job Description For appointment to an internship position in ICT, a candidate must:  Have a Diploma in any of the following fields: Computer Science, Information Technology, Information and Communication Technology or its equivalent from a recognized institution. Have graduated not earlier than the  year 2022;  Method of Application Interested and qualified? Go to Judiciary of Kenya on jobs.court.go.ke to apply
Read more

School Office Administrative Officer (a female preferred) at Tamkeen Integrated Schools

School Office Administrative Officer (a female preferred) Job Type Full Time Qualification BA/BSc/HND , Diploma Experience 3 - 5 years Location Nairobi Job Field Administration / Secretarial  Tamkeen Integrated Schools (TIS), is a private school in Kileleshwa providing the revered Cambridge System from Kindergarten to A-levels with a strong emphasis on STEM, Islamic Education, and Coding Programs. Our holistic approach integrates spiritual enrichment, recreation, and specialized teaching in Islamic Values, Arabic, and Quran memorization, fostering student ownership of learning in a modern Islamic education system. Tamkeen Integrated Schools is actively seeking a highly skilled Administrative Officer to join our team. The ideal candidate will bring a wealth of experience in school office administration, with a specific focus on the Cambridge system and academic matters. Exceptional organizational skills and a strong commitment to customer service and problem solving are essential. Key R
Read more