AAR Insurance is a licensed financial services provider in Kenya and a member of the Association of Kenya Insurers (AKI) with presence across the country through its intensive branch and broker network.

About the Job

I’m looking for an experience Actuarial Analyst to replace Malachi Osoro who recently resigned and is scheduled to exit the company by 23rd September

Duties & Responsibilities

Pricing and Quotations

• Prepare corporate medical quotations and renewal terms using internal pricing models
• Build and maintain rate tables and apply the appropriate loadings and statutory gross-ups
• Analyse claims experience, exposure and benefit changes to inform renewal pricing
• Support tender pricing, including capitation models
• Apply underwriting and discount rules, flag breaches, and route approvals correctly

Claims and Experience Analytics

• Monitor loss ratios, claims frequency and severity across schemes and flag adverse experience early
• Carry out experience reviews, anti-selection analysis and benefit sensitivity testing
• Build provider and scheme claims intelligence, including episode-of-care analysis and peer benchmarking
• Reconcile claims data across multiple sources and funding arrangements

Reporting and Management Insight

• Produce scheme performance reviews, renewal readiness packs and ad hoc reports
• Maintain dashboards on quote volumes, premiums, loss ratios and pipeline
• Prepare decision-ready decks and written advisories for management and clients

Data and Systems

• Extract, clean and structure data from claims, membership and finance systems
• Support development, testing and improvement of the department's pricing and analytics platform
• Drive process innovation, including the use of AI to enhance pricing and analytics workflows and surface deeper insight
• Automate recurring pricing and reporting tasks
• Support data integrations across claims and administration systems

Portfolio and Stakeholder Support

• Support the international medical partner portfolio alongside core local functions
• Work with Underwriting, Business Processing, Sales and Retention to resolve pricing and data queries
• Provide costing and technical input to product development
• Advise the manager on anomalies, risks and areas for improvement
• Perform any other duties as assigned

Personal Attributes

QUALIFICATIONS AND EXPERIENCE

• Degree in Actuarial Science, Statistics, Mathematics or a related quantitative field
• At least 5 years' experience in health or medical insurance pricing and analytics
• Solid progress in professional actuarial examinations (IFoA, SOA or equivalent)
• Strong understanding of medical insurance products, underwriting and claims
• Proven pricing and experience-analysis work in a live insurance environment

TECHNICAL SKILLS

• Advanced Excel and actuarial or financial modelling
• SQL for data extraction and manipulation
• Python or R for analytics and automation (added advantage)
• Data visualisation and dashboarding (Power BI or similar)
• Comfortable handling large claims and membership datasets

CORE COMPETENCIES

• Strong analytical and problem-solving ability
• High attention to detail and technical accuracy
• Clear report writing and presentation skills
• Sound commercial judgment
• Works well under pressure and to tight turnaround times
• Dependable team player

KEY PERFORMANCE AREAS

• Pricing accuracy and turnaround
• Portfolio profitability and loss ratio monitoring
• Quality and timeliness of management reporting
• Renewal and tender support
• Data integrity and analytical rigour

• Prepare corporate medical quotations and renewal terms using internal pricing models
• Build and maintain rate tables and apply the appropriate loadings and statutory gross-ups
• Analyse claims experience, exposure and benefit changes to inform renewal pricing
• Support tender pricing, including capitation models
• Apply underwriting and discount rules, flag breaches, and route approvals correctly
• Monitor loss ratios, claims frequency and severity across schemes and flag adverse experience early
• Carry out experience reviews, anti-selection analysis and benefit sensitivity testing
• Build provider and scheme claims intelligence, including episode-of-care analysis and peer benchmarking
• Reconcile claims data across multiple sources and funding arrangements
• Produce scheme performance reviews, renewal readiness packs and ad hoc reports
• Maintain dashboards on quote volumes, premiums, loss ratios and pipeline
• Prepare decision-ready decks and written advisories for management and clients
• Extract, clean and structure data from claims, membership and finance systems
• Support development, testing and improvement of the department's pricing and analytics platform
• Drive process innovation, including the use of AI to enhance pricing and analytics workflows and surface deeper insight
• Automate recurring pricing and reporting tasks
• Support data integrations across claims and administration systems
• Support the international medical partner portfolio alongside core local functions
• Work with Underwriting, Business Processing, Sales and Retention to resolve pricing and data queries
• Provide costing and technical input to product development
• Advise the manager on anomalies, risks and areas for improvement
• Perform any other duties as assigned

• Advanced Excel and actuarial or financial modelling
• SQL for data extraction and manipulation
• Python or R for analytics and automation (added advantage)
• Data visualisation and dashboarding (Power BI or similar)
• Comfortable handling large claims and membership datasets
• Strong analytical and problem-solving ability
• High attention to detail and technical accuracy
• Clear report writing and presentation skills
• Sound commercial judgment
• Works well under pressure and to tight turnaround times
• Dependable team player

• Degree in Actuarial Science, Statistics, Mathematics or a related quantitative field
• At least 5 years' experience in health or medical insurance pricing and analytics
• Solid progress in professional actuarial examinations (IFoA, SOA or equivalent)
• Strong understanding of medical insurance products, underwriting and claims
• Proven pricing and experience-analysis work in a live insurance environment