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Senior Actuarial Valuations Specialist
Old Mutual Kenya
Posted 3 months agoNairobi, Kenya
Location
Nairobi, Kenya
Job Type
Full-time
Experience
Senior
Category
Finance
Job Description
Old Mutual Kenya is part of the Old Mutual Group, a leading pan-African financial services group operating in more than 14 African countries. Old Mutual Assurance Kenya provides life insurance, investment, and savings products. The actuarial team plays a critical role in valuations, regulatory reporting, capital management, and providing technical support to the business.
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Requirements
- Bachelor of Actuarial Science or related finance or mathematics degree
- Minimum 8 years of actuarial experience
- Nearly qualified or fully qualified actuary with 10 actuarial papers and above
- Extensive experience with IFRS17 concepts and reporting
- Expert knowledge of reserving software, preferably Prophet
- Strong programming skills
- Knowledge of insurance regulations in Kenya and East Africa
- Strong analytical and communication skills
- Proficiency in Microsoft Office
- Ability to work under minimal supervision and manage multiple deliverables
Responsibilities
- Conduct and review internal actuarial liability valuations, analysis of profitability, and surplus analysis
- Support the appointed actuary's reports and collaborate to produce Financial Condition Reports
- Perform profitability analysis, experience analysis, and actuarial investigations to support product strategy
- Carry out solvency computation for the entity across various solvency regimes
- Assist with financial modeling of business scenarios and projects to inform decision making
- Support business planning with financial projections and solvency projections
- Conduct reinsurance analysis to explore ways to optimize reinsurance arrangements
- Assist with investment strategy development and monitoring
- Support business units and risk officer in identifying, quantifying, and monitoring risks
- Mentor and support junior actuarial analysts with actuarial concepts and methodology
