Background

Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks ...

Key Primary Responsibilities

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.

Experience Monitoring

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

Capital Modelling

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

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.

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

• 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

• 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.

• 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.
• Perform periodic claims experience analyses to guide pricing, reserving assumptions, and give recommendations for management actions.
• Run capital adequacy assessments under local solvency regulations. Produce Capital Adequacy reports with recommendations to management.
• 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.
• 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.

• 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.
• 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.

• Bachelor’s degree in actuarial science or related field.
• A master’s degree in actuarial management will be an added advantage
• Progress toward actuarial qualification (minimum: 10 papers).