Actuarial Analyst
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Industry Insurance Founded 1968 Type Private Website https://cic.co.ke/ Address Reinsurance Plaza Mezzanine Floor, Aga Khan Walk
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About the Role
We are seeking a proactive and technically skilled Actuarial Analyst to join our Group Actuarial team. The role will support the Actuarial Manager in driving automation, systemization, and continuous improvement of actuarial reporting processes across our Life and General Insurance entities. This position is ideal for an actuary who enjoys working with data, actuarial models, and systems, and is keen to contribute to IFRS 17 and financial reporting transformation at Group level.
Key Responsibilities
- Support the automation and systemization of IFRS 17 actuarial reporting processes for Life and General Insurance entities.
- Perform data preparation, validation, and reconciliations to support actuarial modelling and reporting.
- Assist in maintaining actuarial model configurations, assumptions, and documentation.
- Support development, testing, and enhancement of actuarial models used for valuation, reserving, and financial projections.
- Participate in the integration of actuarial models with Group reporting platforms and data systems.
- Provide testing and documentation support for system improvements and upgrades.
- Collaborate with Finance, IT, and subsidiary actuarial teams to ensure accuracy, efficiency, and consistency of actuarial outputs.
Who We’re Looking For
Qualifications
- Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or a related field.
- Progress toward actuarial qualification (IFoA, SOA, ASSA, or equivalent) (Minimum of 3 passed papers)
- Minimum of 2 years of actuarial experience in Life or General Insurance.
- Working knowledge of IFRS 17 concepts and actuarial software (Prophet, MoSes, AXIS, or equivalent).
- Proficiency in Excel; experience with SQL, Python, or Power BI is an added advantage.
- Strong analytical and problem-solving skills with high attention to detail.
Key Competencies
- Curious and self-driven with a passion for actuarial systems and automation.
- Strong analytical and technical aptitude.
- Effective collaborator with excellent communication skills.
- Organized, detail-oriented, and able to work under tight timelines.
- Committed to professional growth and continuous learning.