Actuarial Senior Team Leader job at APA Life Assurance Company Ltd
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Vacancy title:
Actuarial Senior Team Leader

[ Type: FULL TIME , Industry: Insurance , Category: Finance, Insurance & Real Estate ]

Jobs at:

APA Life Assurance Company Ltd

Deadline of this Job:
10 February 2023  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Wednesday, February 01, 2023 , Base Salary: Not Disclosed

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Learn more about APA Life Assurance Company Ltd
APA Life Assurance Company Ltd jobs in Kenya


As an Actuarial Senior Team Leader you will be responsible for monitoring, analyzing and reporting on insurance contract liabilities, pricing of products and their approval, risk based capital modelling and compliance with various regulations and requirements and adoption and full implementation of IFRS 17.

• Product development which involves conducting research, developing pricing models, profit testing and other actuarial modeling/testing
• Reviewing pricing of insurance contracts/products and development of pricing calculators
• Reviewing product performance after selling which involves assessing sales volumes, claims experience, expenses and distribution setup
• Validating data and performing actuarial valuation which involves setting up valuation models and estimation of actuarial liabilities (UPR, OCR, IBNR, IBNER, DAC, UARR, ULAE etc);
• Compute the Risk Based Capital on a monthly basis and advise management accordingly
• Preparation/review of the annual Liabilities Valuation & Financial condition report as per the IRA guidelines
• Compliance with IRA guidelines on actuarial function and quarterly reporting including AvE
• Liaising with external actuaries and providing them with information, documents and records needed to execute their work in a timely manner
• Support in the preparation of monthly management reports
• Support in the preparation of annual financial statements
• Support in preparation of board papers, annual budgets and other strategic plans
• Technical Lead in the adoption of IFRS 17 to the full implementation

• Bachelor’s degree in Actuarial Science or an equivalent

• Advanced knowledge of MS Excel and other Actuarial relevant tools
• Analytical and highly innovative
• Presentation skills
• Communication and interpersonal skills
• Team player and high organization skills
• Demonstrable high knowledge in IFRS 1


• At least 7 Actuarial professional examinations
• Member of a relevant professional body


• At least 5 years’ relevant experience

Work Hours: 8

Experience in Months: 60

Level of Education:
Bachelor Degree

Job application procedure

Strong preference will be given to candidates with the above qualifications, skills, and experience. If your career aspirations match this exciting opportunity, please submit your application to  with Actuarial Senior Team Leader as the subject of the email on or before 10th February 2023. Only shortlisted candidates will be contacted.

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 10 February 2023
Duty Station: Nairobi
Posted: 01-02-2023
No of Jobs: 1
Start Publishing: 01-02-2023
Stop Publishing (Put date of 2030): 01-02-2067
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