Actuarial and Pricing Analyst
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Industry Insurance Founded 1984 Type Private Website https://aar-insurance.com/ke/ Address Real Towers, Ground Floor, Hospital Road, Upper Hill P.O. Box 41766 - 00100, Nairobi
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About the Job
- I’m looking for an experience Actuarial Analyst to replace Malachi Osoro who recently resigned and is scheduled to exit the company by 23rd September
Duties & Responsibilities
Pricing and Quotations
- Prepare corporate medical quotations and renewal terms using internal pricing models
- Build and maintain rate tables and apply the appropriate loadings and statutory gross-ups
- Analyse claims experience, exposure and benefit changes to inform renewal pricing
- Support tender pricing, including capitation models
- Apply underwriting and discount rules, flag breaches, and route approvals correctly
Claims and Experience Analytics
- Monitor loss ratios, claims frequency and severity across schemes and flag adverse experience early
- Carry out experience reviews, anti-selection analysis and benefit sensitivity testing
- Build provider and scheme claims intelligence, including episode-of-care analysis and peer benchmarking
- Reconcile claims data across multiple sources and funding arrangements
Reporting and Management Insight
- Produce scheme performance reviews, renewal readiness packs and ad hoc reports
- Maintain dashboards on quote volumes, premiums, loss ratios and pipeline
- Prepare decision-ready decks and written advisories for management and clients
Data and Systems
- Extract, clean and structure data from claims, membership and finance systems
- Support development, testing and improvement of the department's pricing and analytics platform
- Drive process innovation, including the use of AI to enhance pricing and analytics workflows and surface deeper insight
- Automate recurring pricing and reporting tasks
- Support data integrations across claims and administration systems
Portfolio and Stakeholder Support
- Support the international medical partner portfolio alongside core local functions
- Work with Underwriting, Business Processing, Sales and Retention to resolve pricing and data queries
- Provide costing and technical input to product development
- Advise the manager on anomalies, risks and areas for improvement
- Perform any other duties as assigned
Personal Attributes
QUALIFICATIONS AND EXPERIENCE
- Degree in Actuarial Science, Statistics, Mathematics or a related quantitative field
- At least 5 years' experience in health or medical insurance pricing and analytics
- Solid progress in professional actuarial examinations (IFoA, SOA or equivalent)
- Strong understanding of medical insurance products, underwriting and claims
- Proven pricing and experience-analysis work in a live insurance environment
TECHNICAL SKILLS
- Advanced Excel and actuarial or financial modelling
- SQL for data extraction and manipulation
- Python or R for analytics and automation (added advantage)
- Data visualisation and dashboarding (Power BI or similar)
- Comfortable handling large claims and membership datasets
CORE COMPETENCIES
- Strong analytical and problem-solving ability
- High attention to detail and technical accuracy
- Clear report writing and presentation skills
- Sound commercial judgment
- Works well under pressure and to tight turnaround times
- Dependable team player
KEY PERFORMANCE AREAS
- Pricing accuracy and turnaround
- Portfolio profitability and loss ratio monitoring
- Quality and timeliness of management reporting
- Renewal and tender support
- Data integrity and analytical rigour