Actuarial Products Associate – Life Business at Madison Group Limited

Job Description

Madison Group Limited is a locally owned financial services holding company that specializes in Insurance and wealth management services. The Group comprises of Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited. Madison Life Assurance Kenya was originally incorporated under Kenyan Laws in as Madison Insurance Company Limited (MICK) after a successful merger between Crusader Plc and Kenya Commercial Insurance Corporation

Key Responsibilities

Support product development by conducting pricing and ensuring profitability. Regular reviews of the insurance products to ensure profitability. Carry out experience analysis to update assumptions and provide advice to the business. Develop and update technical actuarial models. Provide technical actuarial expertise on IFRS 17 implementation. Implementation and regular review of asset liability matching. Perform statutory actuarial valuations and solvency calculations. Assist in any other analysis required by the business.

Qualifications and Core Competencies

University Degree in Actuarial Science or any other related field. At least 5 years’ experience in a Life Actuarial function. Experience in product development, valuations and IFRS 17. Advanced progression with Actuarial exams (minimum of 7). Strong analytical and problem-solving skills. Good communication skills. Ability to work well in a team.