Assistant Manager – Actuarial Department at Kenindia Assurance Company Limited May, 2024

Kenindia Insurance Ltd, was established as merger of Indian Insurance Companies operating in Kenya to form a vibrant joint venture with moral and financial support from leading local business elite on 6th December 1978.

Main Purpose of the Job – (Job Summary)

Meet Overall company strategy & objectives of business growth, profitability and sustainability through actuarial analysis, product development and compliance with actuarial function’s statutory obligations.

Main Responsibilities 

  • Assist in performing internal actuarial valuations and Quarterly reporting IRA and Board.
  • Perform basic data integrity checks by retrieving data and following established guidelines to minimize errors and support delivery of accurate information for sound actuarial analyses.
  • Carry out business and experience studies to update actuarial assumptions for valuation, pricing and risk assessment.
  • Provide underwriting and reinsurance support for pricing and risk assessment selections including financial, business and trend analysis.
  • Assist in product development and review of premium rates on request by carrying out research to assess company competiveness.
  • Actuarial correspondence with stakeholders and finance by addressing raised queries.
  • Review and updating internal actuarial policies as and when required.
  • Training & mentoring of actuarial staff to achieve highest levels of performance

    2 or  3 Key Deliverables (specific to this position)

  • Product development & pricing.
  • Regular & accurate actuarial analysis.
  • Training and development by pursuing actuarial credential by sitting for actuarial exams on a regular basis and attending professional development training


Relevant Experience

  • At least +5yrs  years of relevant experience

Academic Qualifications

  • Bachelor of Science in Actuarial Science or Mathematics

Professional Qualifications

  • Passed at least (5-10)/15actuarial exams

Key Job Skills (specific to the job)

  • Proficiency in Excel
  • Analytical Skills
  • Business/Market Awareness
  • Continuous Innovation
  • Familiar with regulatory framework

Insurance Skills (special Category)

  • Actuarial modelling
  • Risk Management

General Skills 

  • Communication skills
  • Interpersonal skills
  • Customer Service
  • IT skills (fluency)

Our Competencies/Behaviours

  • Integrity
  • Reliability
  • Transparency
  • Professionalism
  • Teamwork
  • Quality

Submit your CV, copies of relevant documents and Application to:

[email protected]

Use the title of the position as the subject of the email

Closing Date : 7 June. 2024

Go to our Homepage To Get Relevant Information.

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