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Actuarial Manager
MUA Kenya
Nairobi, Kenya
Permanent
Published 1 month ago · Expires 3 weeks from now
Job description
A dynamic team is expanding and looking for the right talent.
JOB PURPOSE
- The Actuarial Manager is responsible for leading actuarial valuation, pricing, reserving, and risk management activities to ensure financial soundness, regulatory compliance, and sustainable business growth.
- The role provides strategic actuarial insights to support product development, capital management, financial reporting (IFRS 17/IFRS 4), and enterprise risk management, while ensuring robust governance and technical excellence within the actuarial function.
- Financial Reporting & Valuation
- Lead statutory and IFRS (including IFRS 17 where applicable) actuarial valuations.
- Oversee calculation of technical provisions, reserves, and liabilities.
- Ensure timely and accurate financial reporting to regulators and auditors.
- Provide actuarial inputs into financial statements and Board reporting.
- Liaise with Finance on solvency, capital adequacy, and profit emergency analysis.
- Pricing & Product Development
- Oversee pricing models and ensure products are financially viable and competitive.
- Provide actuarial support in product design, benefit structures, and profitability projections.
- Conduct sensitivity and scenario analysis for new and existing products.
- Review and approve pricing bases and assumptions.
- Capital & Risk Management
- Support capital modeling, stress testing, and solvency monitoring.
- Contribute to ORSA (Own Risk and Solvency Assessment) processes.
- Identify actuarial risks and recommend mitigation strategies.
- Support reinsurance structuring and treaty evaluations.
- Data Analytics & Insights
- Ensure integrity and governance of actuarial data.
- Utilize predictive analytics to enhance risk selection and pricing accuracy.
- Provide experience investigations and trend analysis (mortality, morbidity, lapse, claims).
- Drive automation and optimization of actuarial models and reporting processes.
- Governance & Regulatory Compliance
- Ensure compliance with local insurance regulations and actuarial standards.
- Support regulatory submissions and actuarial certifications.
- Maintain documentation of models, methodologies, and assumptions.
- Coordinate internal and external audits related to actuarial matters.
- Stakeholder Engagement
- Provide actuarial advisory to Executive Management and Board Committees
- Collaborate with Underwriting, Finance, Risk...