Actuarial Analyst Job ICEA Lion Group
- Kenya
- Permanent
- Full-time
- The Actuarial team plays a key role in helping us deliver on our strategy. Whether your focus is pricing, reserving, modelling or another area we believe in allowing our colleagues to work in a way that suits them. Giving them the time and freedom to keep our customers at the heart of every decision.
- As actuaries, we are the problem solvers of the business. We use our mathematical skills to quantify the probability and risk of future events. Helping the business plan for the future and navigate an increasingly changing world.
- To provide support within the Actuarial department for the life insurance company on following areas: Valuations, Support development and documentation of valuation models, product development and pricing, Experience Investigation and other actuarial special projects.
- End to end IFRS17 reporting and automation of the process including driving innovation and efficiency in the actuarial reporting processes.
- Accurate and timely calculation of technical provisions ensuring the application of appropriate valuation methodologies and models.
- Review of data for reserving and assumption setting
- Carry out monthly, quarterly and annual valuations and analysis
- Preparation of regulatory reports on a quarterly and annual basis.
- Assist in preparation of valuation reports.
- Collaborating with external actuaries and auditors on preparation of year-end valuation reports, the Financial Condition Report and other Statutory reports.
- Provide support in responding to queries from internal and external auditors and implementation of action points.
- Updating actuarial function process manuals.
- Assist in building and documenting Excel validation tools for reserving.
- Assist in setting key actuarial assumptions, comparing actual performance against expectations, and building a feedback loop to ensure that our projections are as accurate as possible.
- Sensitivity analysis and impact assessment of assumptions.
- Assist in preparation of action-oriented reports on experience investigations.
- Support person for actuarial analysis, to provide meaningful insights to the business
- Assist in sensitivity analysis and impact assessment of the various assumptions.
- Assist in Value of New business calculation and analysis.
- Provide support in reviewing and monitoring of internal experience and trends to ensure company product pricing meets profit targets
- Bachelors' degree in actuarial science, statistics, engineering, mathematics or any equivalent with a strong emphasis on mathematical proficiency
- Progress in the Institute and Faculty of Actuaries or Society of
- Actuaries examinations or any other recognized Actuarial bodies
- At least 2+ years' experience in a life insurance actuarial function focused on valuation and any areas that may include modelling, experience investigations, reinsurance amongst others
- Proficiency in Prophet coding.
- Experience on IFRS17
- Proficiency in Excel
- Statistical/actuarial techniques
- Self-motivated to succeed
- Strong analytical skills
- Good interpersonal communications skills
- Good writing and verbal communications skills
- Sensitivity to customer needs
- Ability to work as part of a team and independently
- Adhering to principles and values
- Delivering results and meeting customer expectations
- Self-driven and provide independent thinking
- Relationship building and networking within and outside the organization
- Good in learning and researching
- Achieving personal work goals and objectives
- Connecting work to business objectives
- Commitment to personal development and growth
- Self-motivated to succeed
- Strong analytical skills
- Good interpersonal communications skills
- Good writing and verbal communications skills
- Sensitivity to customer needs
- Ability to work as part of a team and independently
- Adhering to principles and values
- Delivering results and meeting customer expectations
- Self-driven and provide independent thinking
- Relationship building and networking within and outside the organization
- Good in learning and researching
- Achieving personal work goals and objectives
- Connecting work to business objectives
- Commitment to personal development and growth
Corporate Staffing