Actuarial Assistant – Life at CIC Insurance

Job Description

CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi

PURPOSE

Providing financial analysis to support valuation of the actuarial liabilities, pricing of new products, monitoring the performance of existing products, financial projections and market intelligence through industry analysis.

PRIMARY RESPONSIBILITIES:

Collect, compile and analyze data for use in valuation models of liabilities on specific lines of business; Collect, compile and analyze data for use in product development, monitoring and reviews on specific lines of business; Consolidate and analyze data from AKI/IRA for use in quarterly industry analysis report; Perform monthly business and finance data checks on specific lines of business; Consolidate and analyze data on the investment portfolio for the subsidiary; and Involvement in CIC Group strategic initiatives such as IFRS 17 implementation.

Requirements

Academic Qualifications 

Actuarial Science or Statistics or Mathematics or a related field is required.

Professional Qualifications

Student Actuary – At least 3 actuarial exams from the Institute of Actuaries.

Experience

Up to one year of relevant experience.

Skills and Attributes

Knowledge of actuarial software in terms of capabilities and output; Excellent communication and presentation skills Problem solving skills Good analytical skills Computer literate in MS Office and other office applications