Actuarial Associate at Britam

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, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Ban...

 

Actuarial Associate

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience
  • LocationNairobi
  • Job FieldInsurance 

Job Purpose:

  • The role holder is responsible for executing the day-to-day tasks/projects of the Actuarial unit by performing data checks and analysis, experience investigations, business projections and valuation of technical liabilities for the assigned LOB.

Key responsibilities:

  • Coordinate with the assigned Segment in the preparation of valuation data.
  • Timely calculation 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.
  • Timely calculation of solvency on monthly basis.
  • Carry out experience investigations as directed e.g. on expenses, product portfolio experience, intermediary loss ratio reports, etc.
  • Prepare input data for the annual business planning exercise, strategy reviews and for capital management/solvency purposes as well as Stress and Scenario testing on the projections.
  • Coordinate with the assigned Segment in the preparation of data for the management and board reports.
  • Delegated authority as per the approved delegated authority matrix.

Key Performance Measures:

  • As described in your Personal Score Card.

Knowledge, experience and qualifications required

  • University Degree or completion letter in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency
  • Entry level.
  • Progress in Institute of Actuaries examinations (At least 1 paper).

Technical/ Functional competencies:

  • Statistical techniques.
  • Proficient knowledge on the insurance industry in Kenya. 
  • Knowledge of reinsurance arrangements and structures.
  • Knowledge of statistical packages or programming (e.g. SAS, Visual Basic). 
  • Database management systems.

Method of Application

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

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