JOB ADVERTISEMENT

Position: Assistant Manager- Actuarial

Department: Actuarial Department

Reports To: Group Actuary

Supervision: Analysts

Employment Type: Permanent

Location: Nairobi

PURPOSE:

To support the delivery of actuarial responsibilities within the actuarial function, including valuation of technical liabilities under IFRS 17 reporting standard, pricing and product development, capital modelling, facilitating year-end external actuary valuation and actuarial performance reports.

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

• 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).

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.

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.

Strong preference will be given to candidates with the above qualifications, skills, and experience.

APA Apollo Group is an equal-opportunity Employer.

• 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).
• 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.