Actuarial Manager at CIC Insurance Group

Location: Nairobi
Job Type: Full-Time
Application Deadline: 17th December 2024

Purpose:

The Actuarial Manager supports Subsidiaries and other functions in the Group, such as Finance and Risk. The role involves providing actuarial analysis to ensure the company is always aware of its financial liability position, risks, and market dynamics.

Primary Responsibilities:

• Review and test models and assumptions on actuarial valuation for the subsidiary.

• Price new products and provide ratings guidelines for the subsidiary.

• Monitor and analyze experience (claims, persistency, expenses, etc.) for the subsidiary.

• Review and analyze investment performance to provide insights for the subsidiary.

• Perform asset-liability matching for the business.

• Support IFRS 17 financial reporting for the business.

• Review and provide insights on solvency position and capital requirements.

• Perform long-term financial projections to support decision-making.

• Review data validation checks on business and finance data sets and reports.

• Review reinsurance arrangements and give recommendations on their suitability.

• Prepare and present quarterly industry analysis reports for the subsidiaries.

• Prepare draft quarterly Board papers.

• Support special projects within the company.

Key Skills, Knowledge, Experience, and Behavioral Competencies:

Academic and Professional Requirements:

• Education: Bachelor’s Degree in Actuarial Science, Statistics, Mathematics, or related field. (Essential)

• Professional Qualifications:

  • Diploma in Actuarial Techniques.

  • Certificate in Finance and Investment. (Essential)

Experience Required:

• Relevant Experience: 4 years (Essential)

Knowledge & Skills:

• Knowledge of actuarial software and its capabilities and output.

• Strong communication and presentation skills.

• Problem-solving skills.

• Excellent interpersonal and leadership abilities.

• Good analytical skills.

• Computer literacy in MS Office and other office applications.

Behavioral Competencies:

• Core Competencies (Proficiency Level: Intermediate):

  • Customer Focus

  • Business Acumen

  • Driving Innovation

  • Driving Business Performance

  • Negotiation and Influence

  • Effective Communication

• Leadership Competencies (Proficiency Level: Intermediate):

  • Enabling Strategic Alignment

  • Accountability

  • Quality Operational & Decision Making

  • Building Partnerships

  • Coaching and Mentoring

  • Emotional Intelligence

  • Conflict Management

CIC Insurance Group Values:

CIC Insurance Group is committed to upholding these values to drive performance:

• Integrity: Be fair and transparent.

• Dynamism: Be passionate and innovative.

• Performance: Be efficient and results-driven.

• Co-operation: Live the co-operative spirit.

Job Profile Sign-Off:

• Perform quality work within deadlines, ensuring tasks are done right the first time, with or without direct supervision.

• Interact professionally with other employees, customers, and suppliers.

• Work effectively as a team contributor on all assignments.

• Work independently, understanding the need to communicate and coordinate with other employees and organizations.

• Demonstrate unconditional positive regard for customers.

How to Apply:

If you meet the qualifications and are ready to take on the responsibilities outlined, please apply via the following link: CIC Insurance Careers. Clearly indicate the position you are applying for.

• Deadline: 17th December 2024

• Only short-listed candidates will be contacted. If you do not hear from us by 31st December 2024, please consider your application unsuccessful.

Note: This job opportunity is open to both internal and external candidates.

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