Jubilee Insurance – Actuarial Analyst

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Job Ref. No. JLIL019

Position: Actuarial Analyst

We currently have an exciting career opportunity for Actuarial Analyst within the Actuarial Department, Jubilee
Life Insurance Limited. The position holder will report to the Head of Actuarial and will be based at Head Office in Nairobi.

Role Purpose

The role holder will be responsible for actuarial analysis & modelling for technical reporting, pricing, actuarial results in financials, solvency, and capital requirements as well as projections for budgeting, experience & scenario analysis.

Main Responsibilities

1) Projections and Budgeting

Development of projected actuarial cash flows & reserves models
Actuarial inputs for financial reports

2) Actuarial Reporting

Actuarial modelling reserves for regulatory & financial reporting and asset liability management
Experience analyses including mortality investigations, persistency, expenses & investment returns.

Gross and Reinsurance loss ratios.

Financial statements actuarial inputs.

Risk based capital solvency reporting.

3) Product Development

Pricing, profittesting, system setup, & development of policy documents for new products
Developing illustrations for new products

Ongoing profitability model runs.

Analysis of surplus

Value of inforce, new business and embedded value reporting

4) Policy Administration System

Setting product parameters on the system
Testing past products

Key Competencies

1. Entrepreneur Spirit
2. Market Awareness

3. Customer Focus

4. Continuous Innovation

5. Ownership & Commitment

6. Team Spirit

7. Attention to detail


1. Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other relevant field
2. Professional Actuarial Examinations (Minimum of 3 completed papers)

Relevant Experience

1. Minimum of 1 year relevant experience

If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position by 12th November 2021.

Only shortlisted candidates will be contacted.





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