Assistant Manager – Actuarial Services at Madison Group Limited
- @TrendyJobbers | HR Outsourcing
- Full-time
- Posted 3 hours ago
- Apply Before: August 21, 2026
- 0 Application(s)
- View(s) 7
Job Detail
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Job ID 1021101
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Experience 4 Years
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Qualifications Degree Bachelor
Job Description
Overall Responsibility:
- The job holder will be responsible for performing actuarial analyses, developing models and providing insights that support sound business decision-making while ensuring compliance with applicable actuarial standards and regulatory requirements.
Key Responsibilities:
- Lead the preparation of monthly, quarterly and annual actuarial valuations, including reserve adequacy assessments and technical reserve monitoring.
- Prepare actuarial reports for Management, Board Committees, regulators, and other stakeholders.
- Support the preparation of IFRS 17 financial results, disclosures and Financial Condition Reports (FCR).
- Prepare actuarial assumptions and IFRS 17 projections to support the Company’s budgeting, forecasting, business planning, and strategic decision-making.
- Perform capital modelling, stress testing, solvency assessments and capital optimization analyses.
- Prepare and submit statutory actuarial reports and regulatory returns within prescribed timelines.
- Coordinate actuarial audits, including data preparation, assumption setting, validation of valuation results, and implementation of audit recommendations.
- Liaise with the Insurance Regulatory Authority (IRA), external auditor, appointed actuary, and other stakeholders.
- Conduct business experience investigations, profitability analyses, pricing reviews, and portfolio performance monitoring.
- Develop, maintain and enhance actuarial models, predictive pricing models, dashboards, and reporting tools.
- Provide actuarial advice and technical support to Underwriting, Claims, Finance, Reinsurance, Risk, and Executive Management.
- Present actuarial analyses and recommendations to management and Board Committees to support business decisions.
- Supervise, mentor and develop junior actuarial staff.
- Ensure compliance with IFRS 17, actuarial standards of practice, Insurance Act requirements, IRA regulations, and internal governance policies.
Knowledge, Skills & Experience
- Minimum of 4–6 years’ relevant actuarial experience in the insurance or financial services industry.
- Relevant experience in life, general, or health insurance.
- Demonstrated experience in actuarial modelling, pricing, reserving, financial reporting and/or risk management.
- Technical actuarial expertise.
- Analytical and problem-solving skills.
- Leadership and people management.
- Business acumen and stakeholder management.
- Communication and professionalism.
Academic and Professional Qualifications required
- Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or a related quantitative discipline.
- Progress towards qualification in either Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (SOA).
- A member of Actuarial Society of Kenya.
- Sound knowledge of IFRS 17 and its application in insurance valuation, financial reporting, actuarial modelling and regulatory compliance.
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