CIC Group

Insurance and financial services

Actuarial Manager

Actuarial & Risk ModellingConfirmed live in the last 24 hours

Full-timeNairobi, KenyaNo salary listedIn-person

About the Job

Requirements

A Bachelor of Science degree in Actuarial Science, Statistics, or Mathematics.
A Diploma in Actuarial Techniques.
A Certificate in Finance and Investment.
Four years of relevant experience.

Responsibilities

Support the subsidiaries and Group support functions, including Finance and Risk, with actuarial analysis to maintain awareness of financial liabilities, risks, and market dynamics.
Review and test actuarial valuation models and assumptions for the subsidiary.
Price new products and provide rating guidelines for the subsidiary.
Monitor and analyze claims, persistency, expenses, and other experience for the subsidiary.
Review and analyze investment performance and provide insights for the subsidiary.
Perform asset-liability matching analysis for the business.
Prepare IFRS 17 financial reporting for the business.
Review and provide insights on solvency position and capital requirements.
Perform long-term financial projections to support decision-making.
Review data-validation checks on business and finance datasets and reports.
Review reinsurance arrangements and recommend whether they are suitable.
Prepare and present quarterly industry analysis reports for the subsidiaries.
Prepare draft quarterly Board Papers.
Support special projects of the company.

PURPOSE:

The Actuarial Manager role provides support to the Subsidiaries and other support functions in the Group such as Finance and Risk. The role involves providing actuarial analysis for the Subsidiaries to ensure the company is always aware of its financial liability position, risks and market dynamics.

PRIMARY RESPONSIBILITIES:

Review and test models and assumptions on actuarial valuation for the subsidiary

Price new products and provide ratings guidelines for the subsidiary.
Monitor and analyze experience (claims, persistency, expenses etc.) for the subsidiary
Review and analyze the investment performance to provide insights for the subsidiary
Perform asset liability matching position for the business
IFRS 17 financial reporting for the business
Review and provide insights on solvency position and capital requirements
Perform long term financial projections to support decision making
Review data validation checks on business and finance data sets and reports
Review of reinsurance arrangements and give recommendations on suitability of the reinsurance arrangements
Prepare and present quarterly industry analysis report for the subsidiaries and
Prepare draft quarterly Board Papers.
Support in special projects of the company

Academic and Professional Requirements:

BSc. Actuarial Science or Statistics or Mathematics
Diploma in Actuarial Techniques.
Certificate in Finance and Investment

Experience Required:

4 years of relevant experience

About the Company

CIC Group

Insurance and financial services

CIC Group is a East African insurance and financial services group. It provides general insurance, life insurance, health coverage, asset management, and related financial products through operating companies. The group serves individuals, families, businesses, cooperatives, and institutions across its regional markets. Its model combines underwriting and actuarial work with claims, clinical review, investments, distribution, customer service, technology, finance, risk, and compliance. Work spans actuarial, underwriting, claims, nursing review, investments, software, client service, sales, and operations.

Company size: 1-10
Company stage: Not listed
Total funding: Not listed
Headquarters: Betim, Brazil
Founded: 2002

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