Senior Actuarial Analyst
2026-02-23T13:59:13+00:00
APA LIFE ASSURANCE COMPANY LIMITED
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https://www.apainsurance.org/
FULL_TIME
Nairobi
Nairobi
00100
Kenya
Healthcare
Accounting & Finance, Science & Engineering, Business Operations
2026-02-28T17:00:00+00:00
8
KEY PRIMARY RESPONSIBILITIES
Financial & Regulatory Reporting
- Production and review of IFRS 17 valuation results and associated disclosures.
- Production and Review of statutory filings in accordance with Insurance Regulatory Authority (IRA), and Management Reports for internal consumption (VNB, VIF, EV, etc).
- Collaborate with finance to align actuals vs budget and improve monthly close efficiency.
Experience Monitoring
- Perform periodic claims experience analyses to guide pricing, reserving assumptions, and give recommendations for management actions.
Capital Modelling
- Run capital adequacy assessments under local solvency regulations. Produce Capital Adequacy reports with recommendations to management.
Pricing & Product Development
- Pricing of new individual and group life products, ensuring alignment with profitability, competitiveness, and regulatory standards.
- Enhance pricing tools and profitability testing models.
- Develop bespoke schemes for corporate clients, affinity groups, and pension providers.
Budgeting & Strategy Actuarial Inputs
- Provide Actuarial results towards IFRS 17 Budgets and assist in five-year business planning with actuarial projection models. Work closely with the Finance team to ensure these processes are a success.
ACADEMIC QUALIFICATIONS
Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage.
JOB SKILLS AND REQUIREMENTS
Technical Skills
- Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, VBA, Python, R, PowerBI).
- Advanced analytical skills and business insight.
- Familiarity with Power BI or other dashboarding tools is a plus.
Behavioural Attributes
- Strong attention to detail and a commitment to accuracy.
- Able to manage multiple deadlines and priorities under minimal supervision.
- Effective communicator—both written and verbal—with stakeholders at all levels.
- Mentorship mindset and a collaborative team player.
PROFESSIONAL QUALIFICATIONS
Progress toward actuarial qualification (minimum: 10 papers).
Experience
- Minimum 8 years actuarial experience in life insurance. Experience leading analysts will be an added advantage.
- Strong experience in IFRS 17 valuation and reporting.
- Experience in calculating VIF, VNB and Embedded Value.
- Understanding of Asset-Liability Management Process.
- Production and review of IFRS 17 valuation results and associated disclosures.
- Production and Review of statutory filings in accordance with Insurance Regulatory Authority (IRA), and Management Reports for internal consumption (VNB, VIF, EV, etc).
- Collaborate with finance to align actuals vs budget and improve monthly close efficiency.
- Perform periodic claims experience analyses to guide pricing, reserving assumptions, and give recommendations for management actions.
- Run capital adequacy assessments under local solvency regulations. Produce Capital Adequacy reports with recommendations to management.
- Pricing of new individual and group life products, ensuring alignment with profitability, competitiveness, and regulatory standards.
- Enhance pricing tools and profitability testing models.
- Develop bespoke schemes for corporate clients, affinity groups, and pension providers.
- Provide Actuarial results towards IFRS 17 Budgets and assist in five-year business planning with actuarial projection models. Work closely with the Finance team to ensure these processes are a success.
- Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, VBA, Python, R, PowerBI).
- Advanced analytical skills and business insight.
- Familiarity with Power BI or other dashboarding tools is a plus.
- Strong attention to detail and a commitment to accuracy.
- Able to manage multiple deadlines and priorities under minimal supervision.
- Effective communicator—both written and verbal—with stakeholders at all levels.
- Mentorship mindset and a collaborative team player.
- Bachelor’s degree in actuarial science or related field.
- A master’s degree in actuarial management will be an added advantage.
- Progress toward actuarial qualification (minimum: 10 papers).
JOB-699c5d31b26cb
Vacancy title:
Senior Actuarial Analyst
[Type: FULL_TIME, Industry: Healthcare, Category: Accounting & Finance, Science & Engineering, Business Operations]
Jobs at:
APA LIFE ASSURANCE COMPANY LIMITED
Deadline of this Job:
Saturday, February 28 2026
Duty Station:
Nairobi | Nairobi
Summary
Date Posted: Monday, February 23 2026, Base Salary: Not Disclosed
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JOB DETAILS:
KEY PRIMARY RESPONSIBILITIES
Financial & Regulatory Reporting
- Production and review of IFRS 17 valuation results and associated disclosures.
- Production and Review of statutory filings in accordance with Insurance Regulatory Authority (IRA), and Management Reports for internal consumption (VNB, VIF, EV, etc).
- Collaborate with finance to align actuals vs budget and improve monthly close efficiency.
Experience Monitoring
- Perform periodic claims experience analyses to guide pricing, reserving assumptions, and give recommendations for management actions.
Capital Modelling
- Run capital adequacy assessments under local solvency regulations. Produce Capital Adequacy reports with recommendations to management.
Pricing & Product Development
- Pricing of new individual and group life products, ensuring alignment with profitability, competitiveness, and regulatory standards.
- Enhance pricing tools and profitability testing models.
- Develop bespoke schemes for corporate clients, affinity groups, and pension providers.
Budgeting & Strategy Actuarial Inputs
- Provide Actuarial results towards IFRS 17 Budgets and assist in five-year business planning with actuarial projection models. Work closely with the Finance team to ensure these processes are a success.
ACADEMIC QUALIFICATIONS
Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage.
JOB SKILLS AND REQUIREMENTS
Technical Skills
- Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, VBA, Python, R, PowerBI).
- Advanced analytical skills and business insight.
- Familiarity with Power BI or other dashboarding tools is a plus.
Behavioural Attributes
- Strong attention to detail and a commitment to accuracy.
- Able to manage multiple deadlines and priorities under minimal supervision.
- Effective communicator—both written and verbal—with stakeholders at all levels.
- Mentorship mindset and a collaborative team player.
PROFESSIONAL QUALIFICATIONS
Progress toward actuarial qualification (minimum: 10 papers).
Experience
- Minimum 8 years actuarial experience in life insurance. Experience leading analysts will be an added advantage.
- Strong experience in IFRS 17 valuation and reporting.
- Experience in calculating VIF, VNB and Embedded Value.
- Understanding of Asset-Liability Management Process.
Work Hours: 8
Experience in Months: 96
Level of Education: bachelor degree
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