â¢Provision of Actuarial Services to Old Mutual Assurance Kenya by working closely with the Business Entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management
â¢Conduct accuracy checks, and analyses data to draw conclusions and make recommendations
â¢Generate actuarial reports on various technical issues to Group Actuary, Senior Management and Board of Directors.
KEY TASKS AND RESPONSIBILITIESTechnical Actuarial Support : assist with conducting and reviewing internal actuarial liability valuations for relevant insurance subsidiaries, IFRS17 valuations, analysis of profitability/surplus, calculation and analysis of embedded value using Prophet and MS Excel for OM Life entities. Experience Investigations: assist with performing profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions. Solvency and Capital management : assist with solvency computation for the entity on a risk-based capital basis including solvency stress tests. Financial Modeling: assist with financial modeling of business scenarios/projects to inform business decision making. Strategy and Business Planning Support: assist with business planning financial projections and solvency projections for the life entities. Perform stress and scenario analysis on the plan numbers. Reinsurance Support: Carry out a reinsurance analysis for the East Africa subsidiaries to explore ways to optimize on reinsurance arrangements. Reporting and Documentation: assist with preparation of presentation and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports. Risk Management support: assist the Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for OM Life businesses. Other reasonable duties that may be assigned by management.
QUALIFICATIONSBachelor of Actuarial Science or other related finance or mathematics degree Minimum 3-5 years actuarial experience Actuarial Knowledge: Show progress with actuarial examinations
03 November 2023
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