KEY TASKS AND RESPONSIBILITIES
Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries and analysis of profitability/surplus,
Review of external actuaries' report and collaboration with the appointed actuaries to produce the Financial Condition Report.
Experience Investigations: Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
Product Profitability Review: Perform profitability analysis, experience analysis, and other relevant actuarial investigations for Old Mutual to inform business decisions.
Solvency and Capital management: Carry out solvency computation for the BUs 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 Business Units. Perform stress and scenario analysis on the plan numbers.
Reinsurance Support: Carry out a reinsurance analysis for the Life Kenya subsidiaries to explore ways to optimize on reinsurance arrangements.
Reporting and Documentation: Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
Risk Management support: assist the Life Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Formulate appropriate risk mitigation measures for the BUs and develop a risk register for an enterprise in CURA (Risk System).
Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for Old Mutual Life businesses.
Other reasonable duties that may be assigned by management.
SKILLS AND COMPETENCIES
Analytical Skills
Data Handling knowledge
Business Awareness
Problem Solving Skills
Communication and Presentation skills
Ability to prioritize and work on a wide range of deliverables at once
Working under minimal supervision
Good interpersonal skills
Proficiency in Microsoft office packages
KNOWLEDGE & EXPERIENCE
IFRS17 Knowledge
Familiar with the current Insurance regulations, Capital markets and Central Bank regulations
Strong actuarial technical skills
Strong analytical skills
Strong data programming skills
QUALIFICATIONS
Bachelor of Actuarial Science or other related finance or mathematics degree
Minimum 5 years actuarial experience
Actuarial Knowledge: Show progress with actuarial examinations, Minimum 7 papers from a recognized actuarial body