This job opening has expired.

Senior Actuarial Analyst Job Vacancy at Jubilee Insurance

Share On:
  • Experience Required:3 Years
  • Total Positions:1
  • Job Type: Full Time
  • Job Category: Actuarial
  • Minimum Education: Degree
  • Job Location: Nairobi, Kenya
  • Posted on: July 31, 2023
  • Last Date: August 3, 2023

Job Description

Job Ref. No: JHIL084
Position: Senior Actuarial Analyst
Terms: Permanent
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa. Jubil ee
Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling
Life, Pensions, General and Medical Insurance. Today, Jubilee is the number one insurer in East Africa with over 450,000 clie nts. Jubilee
Insurance has a network of offices in Kenya, Uganda, Tanzania, Burundi, and Mauritius. It is the only ISO certified insurance group
listed on the three East Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda
Securities Exchange. Its regional offices are highly rated on leadership, quality and risk management and have been awarded an AA-
in Kenya and Uganda, and an A+ in Tanzania. For more information, visit
We currently have an exciting career opportunity for a Senior Actuarial Analyst within Jubilee Health Insurance Limited.
The position holder will report to the Manager - Actuarial Risk and will be based at our Head Office in Nairobi.
Role Purpose
The main purpose is to evaluate and provide advice to Jubilee Health Insurance Limited regarding product development and pricing
activities, risk modelling, reserving, data analytics, adequacy of reinsurance arrangements and compliance with related statutory
and regulatory requirements.

Main Responsibilities
1. Providing advisory on the insurer’s actuarial and financial risks.
2. Evaluating and providing advice on risk modelling and use of internal models where applicable.
3. Providing guidance on the selection of key actuarial assumptions.
4. Pricing of insurance contracts.
5. Product development, reviews and advisory
6. Experience monitoring
7. Support on data analytics
8. Reserving of Claims and Premium Liabilities
9. Scenario and sensitivity testing.
10. Providing guidance on adequacy of reinsurance arrangements
11. Developing and tracking pricing actuarial analytics
12. Maintaining and developing effective actuarial reports of historical performance.
13. Assist in IFRS 17 implementation.
14. Maintaining and distribution of actuarial reports.

Corporate Governance
1. Ensure compliance with company policies, procedures, and regulatory guidelines.
2. Maintain confidentiality and handle sensitive information in accordance with privacy laws and regulations.
3. Adhere to ethical standards and maintain professional conduct while dealing with confidential or sensitive matters.

1. Engaging in ongoing professional development activities to enhance knowledge and skills in actuarial, regulatory compliance, and
corporate governance.
2. Foster effective working relationships with internal stakeholders.
3. Foster a culture of accountability and responsibility within the actuarial function.
4. Serve as a role model for exceptional customer service and professionalism.
5. Change Management: Assist in driving change initiatives within the quality assurance team and the broader organization. Help
team members adapt to changes and foster a culture of agility and continuous improvement.

Key Competencies
1. Business Acumen
2. Performance Driven Individual
3. Market Awareness
4. Good Interpersonal Skills
5. Continuous Innovation
6. Ownership & Commitment
7. Team Spirit

1. Bachelor’s Degree in Actuarial Science
2. Proficient in the use of Microsoft Office Suite & Packages. Knowledge of programming language will be a plus.
3. Passed at least 5 Actuarial examinations.

Relevant Experience
Minimum of three (3) years’ relevant experience in a similar position.

Skills Required

Interpersonal Skills
Communication Skills

Application Details

This job has expired and application is not allowed