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PACIS Insurance Company Limited Jobs - Actuary Officer: Apply Now

Recours 4 Kenya
Full Time

Company Name: PACIS Insurance Company Limited

Job Title: Actuary Officer

Job Type: Full Time

JOB PURPOSE The job holder will be responsible for evaluation and provide advice to the company regarding, at a minimum technical provisions, premium and pricing activities, and compliance with related statutory and regulatory requirements and analyzing statistical data.

MAIN DUTIES AND RESPONSIBILITIES • Evaluate and provide advice on the company’s actuarial and financial risks; investment policies and the valuation of assets • Prepare and present the company’s solvency position, including a calculation of minimum capital required for regulatory purposes and liability and loss provisions and the company’s prospective solvency position; • Carry out risk assessment on management policies and controls relevant to actuarial matters or the financial condition of the company; • Evaluate the distribution of surplus, underwriting policies, effectiveness of reinsurance arrangements; • Participate in product development and design, including the terms and conditions of insurance contracts and prepare scenario and sensitivity testing • Provide sufficiency and quality of data used in the calculation of technical provisions and • risk modeling and use of internal models, where applicable. • Prepare reports on any circumstance that may have a material effect on the company from an actuarial perspective • Work with IT professionals to develop systems to ensure compliance with the requirements of IRA; • Work with relevant departments to develop new financial products. • Any other duty assigned from time to time.


Academic Qualification • University Degree in Actuarial Science Professional Qualification • Progress towards attainment of Professional Qualification CII or IIK Diploma Experience • Four (4) years’ relevant working experience in a reinsurance environment Skills and Attributes • Strong analytical skills and ability to develop concept from myriad of data • Good statistical knowledge and financial acumen • Good planning and organization skills with the ability to deliver effectively under strict deadlines • Accuracy and attention to detail • Good knowledge of general insurance products • Results oriented and self-driven with a proven performance track record • Ability to work with minimum supervision
Applications with a detailed CV, indicating the preferred location and telephone contacts with names and addresses of three referees should be emailed to not later than 15th July 2018.

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