Britam – Team Leader Actuarial Services _ Britam Life Assurance.

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IMPORTANT: Read the application instructions keenly, Never pay for a job interview or application.

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Job Purpose:

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 and complete valuations 
2.Determine the bonus stabilization reserve for DA business
3.Provide analysis to support the renegotiation of the existing contracts
4.Review overall mortality tables and trends
5.Review Business Plan projections and sensitivity analysis
6.Carry out an Analysis of Embedded Value Movements including comparison with prior period movements
7.Supervise and provide guidance with data preparation and analysing key risk exposures
8.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
9.Review data preparation and respond to requests from stakeholders in readiness for IFRS 17 implementation
10.Provide input in product development for the LOB
11.Product pricing and setup in the actuarial pricing and valuation system
12.Review and monitor experience on all products to inform decision making including profit testing of existing products
13.Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring
14.Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks
15.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

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

1. Statistical techniques 
2. Proficient knowledge on the insurance industry in Kenya 
3. Knowledge of reinsurance arrangements and structures
4. Knowledge of statistical packages or programming (e.g. SAS, Visual Basic) 
5. Database management systems


Deadline: 13-01-2021





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