Britam Jobs : Team Leader Actuarial Services

Position: Team Leader Actuarial Services

Organization: Britam Life Assurance Company (K) Limited

Primary Location: Nairobi

Job Type: Permanent

Application Deadline: 13th January 2021

Job Purpose:

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

Key responsibilities

  • Select appropriate reserve calculation method and calculate reserves and complete valuations
  • Determine the bonus stabilization reserve for DA business
  • Provide analysis to support the renegotiation of the existing contracts
  • Review overall mortality tables and trends
  • Review Business Plan projections and sensitivity analysis
  • Carry out an Analysis of Embedded Value Movements including comparison with prior period movements
  • Supervise and provide guidance with data preparation and analysing key risk exposures
  • Conduct assessment of company policies in relation to Capital Allocation/Management, Bonus Policy, Dividend Policy, ALM and Hurdle Rate determination and prepare Management and Board reports
  • Review data preparation and respond to requests from stakeholders in readiness for IFRS 17 implementation
  • Provide input in product development for the LOB
  • Product pricing and setup in the actuarial pricing and valuation system
  • Review and monitor experience on all products to inform decision making including profit testing of existing products
  • Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring
  • Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks
  • 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

  • University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency
  • 2-4 years’ experience in a similar position
  • 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

How to Apply

Application should be done by 13th January 2021 through the link below

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