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Senior Actuarial Officer at Kenya Reinsurance Corporation Limited (Kenya Re)
Kenya Reinsurance Corporation Limited (Kenya Re)
September 03, 2026
Full-time
On-site
Job Description
To provide independent actuarial advice on the financial risks facing the Corporation, determine the profitability and sustainability of reinsurance coverage, and assess and manage the financial risks associated with reinsurance contracts and portfolios. Reports to: Manager, Actuarial Department
Requirements
Academic Qualifications
Bachelor's degree in actuarial science, Statistics, Mathematics, Commerce, Business Administration, Risk Management, Insurance or an equivalent qualification from a recognised institution.
Professional Qualifications
Postgraduate Diploma in Actuarial Science (Kenya/UK) with at least four (4) papers passed, or equivalent from a recognized institution.
Certified Public Accountant (CPA) Part II or III (KASNEB), ACCA, or equivalent qualifications from a recognized institution.
Membership of a recognized professional actuarial body and/or the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
Experience
At least nine (9) years' relevant work experience in a reputable organization.
Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.
Other Requirements
Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies.
Strong analytical, negotiation and problem-solving skills.
Superior planning, organizing and time-management skills, with the ability to work effectively under pressure and meet tight deadlines.
Fulfil the requirements of Chapter Six of the Constitution of Kenya.
Key responsibilities
Actuarial Analysis and Modelling
Provide ongoing technical and analytical support to the reinsurance business.
Use financial models to simulate various scenarios and assess their impact on the Corporation's profitability and capital adequacy.
Analyse data and construct probability tables to forecast risk and liability in support of decision-making.
Assist in capital modelling for solvency and business planning purposes.
Assist management in reviewing and advising on the results of asset-liability modelling.
Reserving and Reporting
Prepare reports on solvency projections of the Corporation's balance sheet.
Support and perform quarterly reserve reviews.
Support the transition of reserving models to IFRS 17 and assist management in reviewing the investment policy.
Pricing and Underwriting Support
Assist underwriting functions on the pricing and/or review of life, health and non-life rates.
Retrocession and Stakeholder Coordination
Review retrocession arrangements.
Ensure proper coordination with the Corporation's external stakeholders, including regulators, rating agencies and auditors.
Participate in gathering and analysing information received from internal and external sources
To provide independent actuarial advice on the financial risks facing the Corporation, determine the profitability and sustainability of reinsurance coverage, and assess and manage the financial risks associated with reinsurance contracts and portfolios. Reports to: Manager, Actuarial Department
Requirements
Academic Qualifications
Bachelor's degree in actuarial science, Statistics, Mathematics, Commerce, Business Administration, Risk Management, Insurance or an equivalent qualification from a recognised institution.
Professional Qualifications
Postgraduate Diploma in Actuarial Science (Kenya/UK) with at least four (4) papers passed, or equivalent from a recognized institution.
Certified Public Accountant (CPA) Part II or III (KASNEB), ACCA, or equivalent qualifications from a recognized institution.
Membership of a recognized professional actuarial body and/or the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
Experience
At least nine (9) years' relevant work experience in a reputable organization.
Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.
Other Requirements
Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies.
Strong analytical, negotiation and problem-solving skills.
Superior planning, organizing and time-management skills, with the ability to work effectively under pressure and meet tight deadlines.
Fulfil the requirements of Chapter Six of the Constitution of Kenya.
Key responsibilities
Actuarial Analysis and Modelling
Provide ongoing technical and analytical support to the reinsurance business.
Use financial models to simulate various scenarios and assess their impact on the Corporation's profitability and capital adequacy.
Analyse data and construct probability tables to forecast risk and liability in support of decision-making.
Assist in capital modelling for solvency and business planning purposes.
Assist management in reviewing and advising on the results of asset-liability modelling.
Reserving and Reporting
Prepare reports on solvency projections of the Corporation's balance sheet.
Support and perform quarterly reserve reviews.
Support the transition of reserving models to IFRS 17 and assist management in reviewing the investment policy.
Pricing and Underwriting Support
Assist underwriting functions on the pricing and/or review of life, health and non-life rates.
Retrocession and Stakeholder Coordination
Review retrocession arrangements.
Ensure proper coordination with the Corporation's external stakeholders, including regulators, rating agencies and auditors.
Participate in gathering and analysing information received from internal and external sources