Actuarial Valuation Specialist, Life
KEY TASKS AND RESPONSIBILITIES
- Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries and analysis of profitability/surplus,
- Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report.
- Experience Investigations: Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
- Product Profitability Review: Perform profitability analysis, experience analysis, and other relevant actuarial investigations for Old Mutual to inform business decisions.
- Solvency and Capital management: Carry out solvency computation for the BUs on a risk-based capital basis including solvency stress tests.
- Financial Modeling: assist with financial modeling of business scenarios/projects to inform business decision making.
- Strategy and Business Planning Support: assist with business planning financial projections and solvency projections for the Business Units. Perform stress and scenario analysis on the plan numbers.
- Reinsurance Support: Carry out a reinsurance analysis for the Life Kenya subsidiaries to explore ways to optimize on reinsurance arrangements.
- Reporting and Documentation: Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
- Risk Management support: assist the Life Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Formulate appropriate risk mitigation measures for the BUs and develop a risk register for an enterprise in CURA (Risk System).
- Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for Old Mutual Life businesses.
- Other reasonable duties that may be assigned by management.
SKILLS AND COMPETENCIES
- Analytical Skills
- Data Handling knowledge
- Business Awareness
- Problem Solving Skills
- Communication and Presentation skills
- Ability to prioritize and work on a wide range of deliverables at once
- Working under minimal supervision
- Good interpersonal skills
- Proficiency in Microsoft office packages
KNOWLEDGE & EXPERIENCE
- IFRS17 Knowledge
- Familiar with the current Insurance regulations, Capital markets and Central Bank regulations
- Strong actuarial technical skills
- Strong analytical skills
- Strong data programming skills
QUALIFICATIONS
- Bachelor of Actuarial Science or other related finance or mathematics degree
- Minimum 5 years actuarial experience
- Actuarial Knowledge: Show progress with actuarial examinations, Minimum 7 papers from a recognized actuarial body
Method of application
If you are interested and qualified, kindly submit your application via the link provided below,
Deadline may 31, 2026