Actuarial Associate GI at Britam


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  • Company: Britam
  • Location: Kenya
  • State: Nairobi
  • Job type: Full-Time
  • Job category: Insurance Jobs in Kenya

Job Description

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. Our Mission is to provide outstanding financial services to our customers. Our Vision is to be the most trusted financial service partner. We aim to provide our clients, with an unmatched offering, ensuring first class solutions that help secure the future.

Job Purpose and Key responsibilities

To provide actuarial support to the assigned LOB and participate in overall risk management for the company.

Key responsibilities
  1. Select appropriate reserve calculation method and calculate reserves
  2. Provide analysis to support the renegotiation of the existing contracts
  3. Provide input in product development for the LOB
  4. Product pricing and setup in the actuarial pricing and valuation system
  5. Review and monitor experience on all products to inform decision making including profit testing of existing products
  6. Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring
  7. Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks
  8. Perform any other duties as may be assigned from time to time
Key Performance Measures
  • As described in your Personal Score Card
Knowledge, experience and qualifications required
  1. University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency
  2. 2-4 years’ experience in a similar position
  3. Progress in Institute of Actuaries examinations (9 papers)
Technical/ Functional competencies
  • Statistical techniques
  • Proficient knowledge on the insurance industry in Kenya
  • Knowledge of reinsurance arrangements and structures
  • Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)
  • Database management systems

Method of Application

Submit your CV and Application on Company Website : Click Here Closing Date : 24 August. 2021
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