Background information about the job or company (e.g., role context, company overview)

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Ban...

Responsibilities or duties

To provide actuarial support to the assigned LOB and participate in overall risk management for the company.

• Select appropriate reserve calculation method and calculate reserves.
• Provide analysis to support the renegotiation of the existing contracts.
• Provide input in product development for the LOB.
• Provide inputs into product pricing and setup in the actuarial pricing and valuation system.
• Review and monitor experience on all products to inform decision making including profit testing of existing products.
• Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring.
• Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks.
• Perform any other duties as may be assigned from time to time.

Qualifications or requirements (e.g., education, skills)

Experience needed

• University Degree in Actuarial Science - or other highly numerate subject area.
• Good progress in examination from the Institute and Faculty of Actuaries or any equally recognized professional actuarial body (attempted and passed at least 8 actuarial exams).
• At least 4-6 years' experience in an actuarial or product development function in a mature Insurance/ Financial Services institution.
• Experience across product lines preferred i.e. life and non-life.
• Proven experience working across functions and with multiple stakeholders.
• A keen eye for innovation in the insurance and financial services space preferred.

Technical/ Functional competencies:

• Statistical techniques.
• Proficient knowledge on the insurance industry in Kenya.
• Knowledge of reinsurance arrangements and structures.
• Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)
• Database management systems.

• Select appropriate reserve calculation method and calculate reserves.
• Provide analysis to support the renegotiation of the existing contracts.
• Provide input in product development for the LOB.
• Provide inputs into product pricing and setup in the actuarial pricing and valuation system.
• Review and monitor experience on all products to inform decision making including profit testing of existing products.
• Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring.
• Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks.
• Perform any other duties as may be assigned from time to time.

• Statistical techniques.
• Proficient knowledge on the insurance industry in Kenya.
• Knowledge of reinsurance arrangements and structures.
• Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)
• Database management systems.

• University Degree in Actuarial Science - or other highly numerate subject area.
• Good progress in examination from the Institute and Faculty of Actuaries or any equally recognized professional actuarial body (attempted and passed at least 8 actuarial exams).
• At least 4-6 years' experience in an actuarial or product development function in a mature Insurance/ Financial Services institution.
• Experience across product lines preferred i.e. life and non-life.
• Proven experience working across functions and with multiple stakeholders.
• A keen eye for innovation in the insurance and financial services space preferred.