- Minimum Qualification :
- Experience Level : Entry level
- Experience Length : 2 years
Job Description/Requirements
ABOUT THE COMPANY
ICEA Lion is an Award Winning and one of East Africa's largest and most innovative insurers and financial services companies.
ICEA Lion is one of the leading insurance and financial services companies in East Africa, with our headquarters in Nairobi and a network of branches spread across Kenya. We are seeking to recruit Insurance Sales Representatives to work under the LIFE ASSURANCE department in Karen, Nairobi.
We pay the most competitive commissions in the market.
Additional Benefits include:
- Medical Cover for you and your family
- Subsidy (loan to help you as marketing support)
- Office Space/ telephone/ business cards/ beverages
- Advance Commissions (4 months in advance)
- Sacco Loans
- Chance to own a plot in our Housing Sacco
- Car Loan
- Recognition and Awards
JOB SUMMARY
Requirements Bachelors’ degree in actuarial science, statistics, engineering, mathematics or any equivalent with a strong emphasis on mathematical proficiencyGood Progress in the Institute of Actuaries examinations or any other recognized Actuarial bodies At least 2 years’ experience in an actuarial function focused on pricing of new products or repricing/ product review Practical end to end Product development experiencePractical end to end Prophet modelling experience will be an added advantage
RESPONSIBILITIES
Product development: Assist in individual life insurance product pricing from ideation to product launch Assist in the reviewing and monitoring of internal experience and trends to ensure company product pricing meets profit targets Assist in ensuring product pricing is consistent with the set underwriting policy and regulatory guidanceProvide analysis to support the renegotiation of existing group contractsAssist system vendors in product setup in the administration systemAssist in reviewing and monitoring experience on all products to inform pricing assumptions and decision-making including profit testing of existing products Prepare reports on product performance for management decision-makingWork closely with reassures to ensure treaty optimizationProduct Approvals: Assist in driving the product approval process both within the Company and externally with the Insurance Regulator and other government bodies – where relevant.Product Documentation: Assist in developing and continually review product training manuals and marketing materials that are appropriate to the target market and distribution channel of the products.Valuation: Assist with new product implementation into the valuation systems and provide future projections under the valuation standards at the timeAssess the capital requirements of new products that assists with capital consumption and choice of product designsExperience Investigation: Assist with the annual experience investigations on key assumptions for pricing and valuations.Sensitivity analysis and impact assessment of the various assumptions
REQUIRED SKILLS
Product management, Process management, Financial analytics and forecasting, Concepting and ideation
REQUIRED EDUCATION
Bachelor's degree
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