Vacancy title:
Actuarial Analyst

[Type: FULL_TIME, Industry: Insurance, Category: Finance, Insurance & Real Estate]

Jobs at:
APA Life Assurance Company Ltd

Deadline of this Job:
Sunday, July 13 2025

Duty Station:
Kenya | Nairobi | Kenya

Summary
Date Posted: Monday, June 30 2025, Base Salary: Not Disclosed

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JOB DETAILS:

KEY PRIMARY RESPONSIBILITIES

Financial & Regulatory Reporting

• Support the production and review of IFRS 17 valuation results and associated disclosures.
• Support the production and review of statutory filings in accordance with Insurance Regulatory Authority (IRA) requirements, and Management Reports for internal use (e.g., VNB, VIF, EV, etc).
• Work in collaboration with the finance team to align actuals vs. budget and enhance monthly close efficiency.

Experience Monitoring

• Assist in performing periodic claims experience analyses to guide pricing and reserving assumptions and provide actionable recommendations to management.

Capital Modelling

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

Pricing & Product Development

• Pricing of new individual and group life products, ensuring profitability, competitiveness, and regulatory compliance.
• Assist in enhancing pricing tools and profitability testing models.

Budgeting & Strategy Actuarial Inputs

• Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning using actuarial projection models.
• Working closely with the finance team to ensure the success of budgeting and strategic planning processes.

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 Excel 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: 4 papers).

EXPERIENCE

• Minimum 2 years actuarial experience, preferrably in life insurance.
• Experience in IFRS 17 valuation and reporting is an advantage.
• Experience in calculating VIF, VNB and Embedded Value is an advantage.
• Understanding of Asset-Liability Management Process.

Work Hours: 8

Experience in Months: 24

Level of Education: bachelor degree

Job application procedure

Interested and qualified? Go to APA Life Assurance Company Ltd on www.apainsurance.org to apply

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