Madison Group Limited is a locally owned financial services holding company that specializes in Insurance and wealth management services. The Group comprises of Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited. Madison Life Assurance Kenya was originally incorporated under Kenyan Laws in 1988 as Madison Insurance Company Limited (MICK) after a successful merger between Crusader Plc (1974) and Kenya Commercial Insurance Corporation.

Responsibilities or duties

• Perform timely and accurate monthly actuarial valuations under IFRS 17.
• Conduct experience analyses on mortality, lapses, expenses, and investment returns to investigate deviations and update assumptions.
• Provide projections for liabilities, premiums, claims, and investment income aligned with business strategy and observed experience.
• Support regulatory reporting with accurate inputs and ensure compliance with internal procedures and audit requirements.
• Monitor actual experience against budgets and advise on deviations and business implications.
• Maintain ongoing professional development toward actuarial qualifications.
• Perform additional actuarial analyses as required by the business.
• Other duties as may be assigned by the Actuarial Associate from time to time.

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

• University Degree in Actuarial Science.
• Candidate must have passed at least One Actuarial Professional Exams.
• Proficient in Excel, Prophet, Python, and/or R.
• Strong analytical and problem-solving skills.
• Good communication skills.
• Ability to work well in a team.

Experience needed

• One-year experience in an Actuarial function.

• Perform timely and accurate monthly actuarial valuations under IFRS 17.
• Conduct experience analyses on mortality, lapses, expenses, and investment returns to investigate deviations and update assumptions.
• Provide projections for liabilities, premiums, claims, and investment income aligned with business strategy and observed experience.
• Support regulatory reporting with accurate inputs and ensure compliance with internal procedures and audit requirements.
• Monitor actual experience against budgets and advise on deviations and business implications.
• Maintain ongoing professional development toward actuarial qualifications.
• Perform additional actuarial analyses as required by the business.
• Other duties as may be assigned by the Actuarial Associate from time to time.

• Proficient in Excel, Prophet, Python, and/or R.
• Strong analytical and problem-solving skills.
• Good communication skills.
• Ability to work well in a team.

• University Degree in Actuarial Science.
• One-year experience in an Actuarial function.
• Candidate must have passed at least One Actuarial Professional Exams.