Senior Actuarial Officer at Kenya Reinsurance Corporation Limited (Kenya Re)

Job Description

SENIOR ACTUARIAL OFFICER – GRADE (KRC 3A) REF NO: KRC/HR/2025/004

Reports to: Manager Actuarial

Job purpose

The job holder is responsible for assessing and managing risk by analyzing data, and other factors to determine appropriate pricing for reinsurance products. To design and evaluate contracts, ensure financial reserves are adequate and assist in regulatory compliance.
Primary responsibilities

Prepare Statutory regulatory returns addressing areas such as capital adequacy, technical provisions, and retrocession arrangements, claim reserves and pricing of risks.
Undertake risk analysis on existing and new reinsurance contracts and evaluate their potential profitability.
Assist in undertaking research,training and actuarial valuations.
Participate and contribute in development of new reinsurance products and other innovations in the corporation.
Participate in corporation-wide and industry wide activities geared towards better policy guidelines and industry knowledge.
Coordinate information flow with external auditors, credit rating agencies, regulators and other stakeholders.
Prepare and compute cashflows and financial disclosures under IFRS 17.
Undertake review of Investment policy statements (IPS) and advise on the outcomes of asset liability modelling.
Requirement/Person Specifications
Academic Qualifications

Should be holders of a relevant Bachelor’s degree from a recognised institution.
Professional Qualifications

Must have passed at least seven (7) actuarial professional papers from a recognized actuarial professional body. (Attach evidence of papers passed)
Experience

Have at least five (5) years relevant work experience
Be a member of recognized professional actuarial body.
Exposure to IFRS 17 reporting and modelling.
Demonstrate team participation and exposure of reporting to management
Must fulfill requirements of Chapter six of the constitution.