Jun 13, Insurance Regulatory Authority Actuarial Officer Jobs in Kenya

jun-13,-insurance-regulatory-authority-actuarial-officer-jobs-in-kenya

Insurance Regulatory Authority Actuarial Officer Jobs in Kenya

Job purpose

  • The position is responsible for reviewing data collected for accuracy and

    completeness, analysis of data and preparation of reports.

    Job Specifications

    Duties and responsibilities will entail:

  • Prepare reports on analysis of products, premium rates, financial

    condition reports and technical reserves for insurers.
  • Review the data analysis and insights on technical reserves reports,

    financial condition reports and actuarial valuation reports for

    completeness and accuracy of information.
  • Prepare draft reports on capital adequacy ratios to ensure that the

    reports are accurate, complete and prepared in accordance with the

    provisions of the insurance act.
  • Develop of data collection templates, data analysis and preparation of

    reports on insurance industry performance as required by the

    Insurance Act;
  • Determine the solvency and financial condition of regulated entities

    including reviewing actuarial reserves and risk-based capital

    calculations and the statements of actuarial opinion provided by each

    company’s appointed actuary.
  • Prepare reports on analysis on financial stability of insurers and

    implementation of macro prudential policy including carrying out

    regular macro stress tests and preparing documents for public

    communication on the tests.
  • Conduct data validation of quarterly and annual insurance statistics to

    check on completeness and consistency of insurance data;
  • Update various performance indicators, ratios and industry

    benchmarks and averages;
  • Analyse, evaluate and interpret insurers’ financial statements and

    returns to ensure disclosures regarding various insurance parameters

    such insurance premiums, income, expenditure, assets and liabilities.

    Persons Specifications

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics or

    Financial Engineering; and
  • Meets provision of chapter six of the Constitution.

    Competencies and skills

  • Strong communication and presentation skills
  • Good analytical skills
  • Problem solving

    (

  • Professionalism

    How to Apply

    For more information and job application details, see; Insurance Regulatory Authority Actuarial Officer Jobs in Kenya

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