Actuarial Consultant at Minet Kenya

Minet is a trusted pan-African advisor that meets the uncertainties of tomorrow by delivering risk and human capital solutions today. As the largest Aon Global Network Correspondent, Minet has access to a network of over 50,000 colleagues in 120 countries as well as proprietary data, research and analytics which enable us to manage and secure the risks of tomorrow and provide clients with an unrivalled advantage.

 

Actuarial Consultant

  • Job TypeFull Time
  • QualificationBA/BSc/HND , MBA/MSc/MA
  • Experience7 years
  • LocationNairobi
  • Job FieldConsultancy  , Insurance 

Operational Responsibilities

  • Conduct actuarial valuations for pension schemes and insurance companies.
  • Develop, price, and review insurance products.
  • Optimize reinsurance programs for insurance clients.
  • Develop Investment Policy Statements (IPS) for clients.
  • Prepare and deliver high-quality actuarial reports and presentations.
  • Develop strategic plans for pension schemes.
  • Set up and manage Income Drawdown and Post-Retirement Medical Funds.
  • Support pension scheme governance through service provider selection (RFP preparation, evaluation, and reporting).
  • Project healthcare costs and assess the financial impact of proposed medical benefits for corporate clients.
  • Review member benefit statements and calculations for Defined Benefit (DB) schemes.
  • Calculate projected benefits for Defined Contribution (DC) schemes.
  • Prepare internal actuarial reports for management and internal stakeholders.
  • Validate actuarial data for completeness and reasonableness

Business Development

  • Drive business growth in alignment with set annual budgets.
  • Maintain a strong, credible, and effective sales pipeline.
  • Prepare high-quality proposals and presentations in response to RFPs and RFQs. Follow up on all business development opportunities to maximize new business conversion.

Credit Control

  • Ensure timely and accurate invoicing in line with company policies and procedures.
  • Follow up on outstanding payments to ensure collection within company-defined timelines.

Other Duties

  • Perform any other relevant duties as assigned by the line manager.

Key Result Areas

  • Revenue generation aligned with budget targets.
  • Timely delivery of internal and external client projects.
  • High-quality actuarial valuations and reports.
  • Outstanding client service delivery.
  • Effective debt collection (within 60 days).

Key Competencies

  • Strong time management and organizational skills.
  • Excellent interpersonal and communication skills.

Knowledge And Skills Required

  • Proficient in actuarial software, VBA, and advanced MS Excel.
  • Strong analytical and problem-solving abilities.
  • High attention to detail and accuracy.
  • Excellent report writing and presentation skills.

Professional and Academic Qualifications

  • Master’s degree in a business-related field.
  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Physics, Commerce, or a related field.
  • Fellowship with the Actuarial Society of Kenya or any other inteationally recognized actuarial institute.
  • Minimum of 7 years of relevant experience in actuarial consulting or a related role. 

Method of Application

Interested and qualified? Go to Minet Kenya on hr.minet.co.ke to apply

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