Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks ...
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Actuarial Analyst
- Job TypeFull Time
- QualificationBA/BSc/HND , MBA/MSc/MA
- Experience2 years
- LocationNairobi
- Job FieldInsurance 
KEY PRIMARY RESPONSIBILITIES
- Actuarial Valuation: Validating data and performing actuarial valuation, including setting up valuation models and estimating actuarial liabilities (UPR, OCR, IBNR, IBNER, DAC, UARR, ULAE, etc.) to ensure that the company's financial statements are accurate and comply with regulatory requirements.
- Insurance Contract Pricing: Reviewing pricing of insurance contracts/products and developing pricing calculators to ensure that they are priced competitively and meet business objectives.
- Product Performance Review: Assessing sales volumes, claims experience, expenses, and distribution setup to identify areas for improvement and ensure that products are meeting business objectives.
- Product Development: Conducting research, developing pricing models, conducting profit testing, and other actuarial modeling/testing to ensure that products are priced appropriately and are profitable.
- Risk-Based Capital Modeling: Computing risk-based capital on a monthly basis and advising management accordingly to ensure that the company has adequate capital to support its operations.
- External Actuary Liaison: Liaising with external actuaries and providing them with the necessary information, documents, and records to execute their work in a timely manner. Working with external actuaries to provide value-adding reports to the business.
- Management Reporting: Supporting the preparation of monthly management reports.
- Annual Financial Statements and Board Papers: Supporting the preparation of annual financial statements, board papers, annual budgets, and other strategic plans.
- Any other duties as assigned by supervisor.
ACADEMIC QUALIFICATIONS
- Bachelor’s Degree in Actuarial Science. Masters Degree in Actuarial Science will be an added advantage.
JOB SKILLS AND REQUIREMENTS
- Proficiency in Word, Advanced Excel, PowerPoint.
- Good knowledge of regional financial & Insurance regulatory requirements.
- Strong communication and written skills, and proficiency in English.
- Displays high motivation, flexibility, adaptability, initiative, self-drive, and is a fast learner.
PROFESSIONAL QUALIFICATIONS
- Progress in Professional Examinations, with at least 4 papers completed.
- Good programming skills: Python/R/C++, etc
- Exposure to Dashboard Reporting: Power BI, Oracle BI, Tableau, etc
EXPERIENCE
- At least 2 years’ relevant work experience.
Method of Application Interested and qualified? Go to APA Life Assurance Company Ltd on www.apainsurance.org to apply
