Kenya Re Hiring Senior Actuarial Officer

Job Purpose:
The Senior Actuarial Officer is responsible for analyzing data on claims, mortality, and other factors to assess and manage risk, determine appropriate pricing, design and evaluate reinsurance contracts, ensure financial reserves, and assist with regulatory compliance.

Primary Responsibilities:

1. Provide technical and analytical support to reinsurance business functions.
2. Prepare solvency projection reports for the corporation’s balance sheet.
3. Use financial models to assess profitability and capital adequacy in different scenarios.
4. Assist in pricing and reviewing rates for life, health, and non-life reinsurance.
5. Advise management on asset-liability modeling results.
6. Support capital modeling for solvency and business planning.
7. Analyze data and construct probability tables to forecast risk and liability.
8. Conduct quarterly and annual reserve reviews.
9. Review retrocession arrangements.
10. Coordinate with external stakeholders, including regulators, rating agencies, and auditors.
11. Assist in the transfer of reserving models to IFRS 17 standards.
12. Support management in reviewing the corporation’s investment policy.
13. Gather and analyze information from internal and external sources.

Requirements/Person Specifications:

Academic Qualifications:

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, Risk Management, Insurance, or equivalent from a recognized institution.

Experience and Professional Requirements:

• At least four (4) years of relevant work experience.
• Membership with a recognized actuarial professional body.
• Completion of at least 10 actuarial professional papers from a recognized actuarial body.
• Supervisory training of at least two (2) weeks.
• Compliance with Chapter Six of the Kenya Constitution.

Application Instructions:
Applicants should include their current/last salary on their CV and indicate if they are persons living with disabilities. Please email or mail your CV and cover letter, quoting the relevant Job Ref No., to:

The Human Resource Manager
Kenya Reinsurance Corporation Limited
P.O Box 30271, 00100 GPO Nairobi
Email: [email protected]
Application Deadline: 21st November 2024

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