Assistant manager actuarial

APA Life Assurance Company Ltd

Apollo Investments Limited. Since our founding in 1977, our mission has been to provide present and future peace of mind to the East African market and, in turn, enhance the quality of life for both our clients and their loved ones. Built on commitment, integrity and innovation, we have risen to become one of the leading Financial Service Groups in East Africa. The Apollo Group has 6 companies; APA Insurance, APA Life, APA Uganda, Apollo Asset Management, Gordon Court (Apollo Centre) and Reliance Insurance, Tanzania.

Sector
Finance and investment
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https://apainsurance.org/

Assistant manager actuarial

KEY PRIMARY RESPONSIBILITIES

1. Financial & Regulatory Reporting

  • Production and review of IFRS 17 valuation results and associated disclosures.
  • Production and Review of statutory filings in accordance with Insurance Regulatory Authority (IRA), and Management Reports for internal consumption (VNB, VIF, EV, etc).
  • Collaborate with finance to align actuals vs budget and improve monthly close efficiency.

2. Experience Monitoring

  • Perform periodic claims experience analyses to guide pricing, reserving assumptions, and give recommendations for management actions.

3. Capital Modelling

  • Run capital adequacy assessments under local solvency regulations. Produce Capital Adequacy reports with recommendations to management.

4. Pricing & Product Development

  • Pricing of new individual and group life products, ensuring alignment with profitability, competitiveness, and regulatory standards.
  • Enhance pricing tools and profitability testing models.
  • Develop bespoke schemes for corporate clients, affinity groups, and pension providers.

5. Budgeting & Strategy Actuarial Inputs

Provide Actuarial results towards IFRS 17 Budgets and assist in five-year business planning with actuarial projection models. Work closely with the Finance team to ensure these processes are a success.

 

 

ACADEMIC QUALIFICATIONS

ACADEMIC QUALIFICATIONS

  • Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage

JOB SKILLS AND REQUIREMENTS

Technical Skills

  • Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excell Skills, Excel VBA, Python, R, etc).
  • Advanced analytical skills and business insight.
  • Familiarity with Power BI or other dashboarding tools is a plus.

Behavioural Attributes

  • Strong attention to detail and a commitment to accuracy.
  • Able to manage multiple deadlines and priorities under minimal supervision.
  • Effective communicator—both written and verbal—with stakeholders at all levels.
  • Mentorship mindset and a collaborative team player.

PROFESSIONAL QUALIFICATIONS

  • Progress toward actuarial qualification (minimum: 10 papers).

EXPERIENCE

Experience

  • Minimum 8 years actuarial experience in life insurance.
  • Strong experience in IFRS 17 valuation and reporting.
  • Experience in calculating VIF, VNB and Embedded Value.
  • Understanding of Asset-Liability Management Process.

Method of application

If you are interested and qualified, kindly submit your application via the link provided below,

https://www.apainsurance.org/job_description.php?utm_source=Jobinkenya

Deadline    14th August 2026

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