Actuarial Specialist: Short Term Insurance

Old Mutual

Human Resources

Unspecified KSh Confidential
4 weeks ago

Job Summary


Job Description/Requirements


The incumbent will be responsible for carrying out technical actuarial work, often using complex systems and packages. The incumbent has responsibility for specific deliveries and is individually accountable for achieving results through own efforts.

Provide the following services to Old Mutual General Insurance and Health business by working through the Group Actuarial Team:

Technical Actuarial Support : Conduct and/or review internal actuarial liability valuations, analysis of profitability/surplus. Aggregation of Results: Collate, review and interpret actuarial results. Undertake and review: Pricing, profitability, experience analysis, and other relevant actuarial investigations to inform business decisions. Product/Services Development, Pricing and Management: provide technical input in product development exercises, product lifecycle management and monitoring, existing products assessments and reviews, new products pricing and review of premium rates for existing products for the company. Risk Management Support: assist BUs/Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate and formulating appropriate risk mitigation measures. Solvency and Capital management : Carry out solvency computation on the current regulatory capital regime including solvency stress tests and Risk Based Capital calculations. Investment Strategy Support: assist in developing/formulating appropriate investment strategies and/or review of, and monitoring of investment strategies for the company Strategy and Business Planning Support: assist with business planning financial projections, strategy development and review, market and competitor analysis, internal business/financial analysis and make proposals on the companyâs medium to long term strategic plans. Experience Monitoring : Conduct claims experience analysis, expense investigations, persistency/business retention studies, and other relevant actuarial investigations for the company to inform business decisions and to assist in actuarial work. Documentation: Preparation and presentation of the required actuarial and other reports to the management, Boards and regulators especially Annual Valuation and Financial Condition Reports and Quarterly Solvency Statements to the regulator, Board and Management.


Familiar with the current Insurance, Capital markets and Central Bank regulations Strong actuarial technical skills Strong analytical skills Strong data programming skills


Bachelor of Actuarial Science. Minimum 2 years actuarial experience Actuarial student with minimum 6 credits from recognized actuarial body



Closing Date

08 November 2023

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