Actuarial Analyst job at Madison Group Limited
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313 Days Ago
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Vacancy title:
Actuarial Analyst

[ Type: FULL TIME , Industry: Finance , Category: Accounting ]

Jobs at:

Madison Group Limited

Deadline of this Job:
02 December 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Thursday, November 24, 2022 , Base Salary: Not Disclosed

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Learn more about Madison Group Limited
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Duties and Responsibilities
The function will provide strategic guidance on products design and profitability. In addition, the function shall ensure that the company is in compliance with the periodic reporting as required by the Insurance Regulatory Authority.

The role will provide support for both General and Medical Business by;

• Collect, validate all data required for quarterly valuations.
• Undertaking quarterly actuarial valuation of the technical liabilities.
• Analyzing Actuarial Statistics parameters for decision making.
• Conduct Product Designs, Development, and Pricing.
• Preparing claims management and Loss ratio reports.
• Review of product performance on a quarterly basis to determine product profitability.
• Review of premium rates in consultation with the Consulting Actuary
• Compiling market share data for General business and Healthcare using the Annual accounts of various companies
• Support the Finance department in the monthly reporting of premium and claims liabilities
• To provide any other required actuarial support to the Company.
• Enhance risk management by supporting the appointed actuary and auditors.

Qualifications and Work Experience
• BSC Degree in Actuarial Science
• Progress in Actuarial Professional Exams
• 2 years’ work experience in a General Insurance Company

Work Hours: 8

Experience in Months: 24

Level of Education:
Bachelor Degree

Job application procedure

Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email:  so as to be received by Friday 2nd December, 2022.

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 02 December 2022  
Duty Station: Nairobi
Posted: 24-11-2022
No of Jobs: 1
Start Publishing: 24-11-2022
Stop Publishing (Put date of 2030): 24-11-2065
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