Senior Actuary
2025-05-21T17:43:39+00:00
NCBA Group
https://cdn.greatkenyanjobs.com/jsjobsdata/data/employer/comp_7974/logo/NCBA%20Group.png
https://ug.ncbagroup.com/
FULL_TIME
Nairobi
Nairobi
00100
Kenya
Banking
Finance, Insurance & Real Estate
2025-05-31T17:00:00+00:00
Kenya
8
Job Purpose Statement
The Senior Actuary will have the responsibility of addressing all the requirements for the Risk Based Solvency and Capital Adequacy Management framework. He/she will be responsible for the assessment of premiums and reserve adequacy and support the management of all insurance related risks especially catastrophic events and the optimization of the Reinsurance structure.
Ideal Job Specifications
Academic qualifications:
- Bachelor’s degree in actuarial science, Mathematics, Statistics or equivalent
- Completed professional examinations from the Institute and Faculty of Actuaries, or equivalent recognised qualification
Professional training:
- Professional qualifications like Chartered Actuary, FSA, SOA, ACII, CFA, CPA, ACCA or ACA.
- IFRS 17 proficiency
Desired work experience:
- At least 5 years of short-term insurance industry knowledge and experience as an Actuary
- Experience with and/or knowledge of reserving, pricing, risk modelling, market and industry financial reporting and regulations.
- Proficiency in actuarial concepts/methodologies
- Proficiency in developing and refining actuarial models for risk assessment, pricing, reserving, and forecasting.
- Strong skills in data analysis, predictive modeling, and statistical methods such as Monte Carlo simulations and regression analysis.
- Expertise in evaluating financial risks, solvency, capital adequacy, and asset-liability management.
- Proficient in industry-standard software such as Prophet, R, Python, SAS, VBA, SQL, or other actuarial modeling tools.
- Affinity for digital tools - Power BI and/or Advanced Excel, AI or similar skills are beneficial.
- Deep understanding of regulatory frameworks like Solvency II, Insurance Act requirements, and other industry standards.
- Strong grasp of financial reporting standards – IFRS 17, experience in calculating reserves, and ensuring accurate liability valuations.
- Ability to translate actuarial findings into strategic recommendations that align with business objectives.
Academic qualifications: Bachelor’s degree in actuarial science, Mathematics, Statistics or equivalent Completed professional examinations from the Institute and Faculty of Actuaries, or equivalent recognised qualification Professional training: Professional qualifications like Chartered Actuary, FSA, SOA, ACII, CFA, CPA, ACCA or ACA. IFRS 17 proficiency Desired work experience: At least 5 years of short-term insurance industry knowledge and experience as an Actuary Experience with and/or knowledge of reserving, pricing, risk modelling, market and industry financial reporting and regulations. Proficiency in actuarial concepts/methodologies Proficiency in developing and refining actuarial models for risk assessment, pricing, reserving, and forecasting. Strong skills in data analysis, predictive modeling, and statistical methods such as Monte Carlo simulations and regression analysis. Expertise in evaluating financial risks, solvency, capital adequacy, and asset-liability management. Proficient in industry-standard software such as Prophet, R, Python, SAS, VBA, SQL, or other actuarial modeling tools. Affinity for digital tools - Power BI and/or Advanced Excel, AI or similar skills are beneficial. Deep understanding of regulatory frameworks like Solvency II, Insurance Act requirements, and other industry standards. Strong grasp of financial reporting standards – IFRS 17, experience in calculating reserves, and ensuring accurate liability valuations. Ability to translate actuarial findings into strategic recommendations that align with business objectives.
JOB-682e10cbbea84
Vacancy title:
Senior Actuary
[Type: FULL_TIME, Industry: Banking, Category: Finance, Insurance & Real Estate]
Jobs at:
NCBA Group
Deadline of this Job:
Saturday, May 31 2025
Duty Station:
Nairobi | Nairobi | Kenya
Summary
Date Posted: Wednesday, May 21 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Job Purpose Statement
The Senior Actuary will have the responsibility of addressing all the requirements for the Risk Based Solvency and Capital Adequacy Management framework. He/she will be responsible for the assessment of premiums and reserve adequacy and support the management of all insurance related risks especially catastrophic events and the optimization of the Reinsurance structure.
Ideal Job Specifications
Academic qualifications:
- Bachelor’s degree in actuarial science, Mathematics, Statistics or equivalent
- Completed professional examinations from the Institute and Faculty of Actuaries, or equivalent recognised qualification
Professional training:
- Professional qualifications like Chartered Actuary, FSA, SOA, ACII, CFA, CPA, ACCA or ACA.
- IFRS 17 proficiency
Desired work experience:
- At least 5 years of short-term insurance industry knowledge and experience as an Actuary
- Experience with and/or knowledge of reserving, pricing, risk modelling, market and industry financial reporting and regulations.
- Proficiency in actuarial concepts/methodologies
- Proficiency in developing and refining actuarial models for risk assessment, pricing, reserving, and forecasting.
- Strong skills in data analysis, predictive modeling, and statistical methods such as Monte Carlo simulations and regression analysis.
- Expertise in evaluating financial risks, solvency, capital adequacy, and asset-liability management.
- Proficient in industry-standard software such as Prophet, R, Python, SAS, VBA, SQL, or other actuarial modeling tools.
- Affinity for digital tools - Power BI and/or Advanced Excel, AI or similar skills are beneficial.
- Deep understanding of regulatory frameworks like Solvency II, Insurance Act requirements, and other industry standards.
- Strong grasp of financial reporting standards – IFRS 17, experience in calculating reserves, and ensuring accurate liability valuations.
- Ability to translate actuarial findings into strategic recommendations that align with business objectives.
Work Hours: 8
Experience in Months: 60
Level of Education: bachelor degree
Job application procedure
Interested and qualified? click here to apply
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