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ACTUARIAL ASSISTANT (2) Ref: BAI/1/2010/AA
at British American in Nairobi
Reporting to the Actuarial Supervisor, the jobholder is responsible for actuarial procedures relating to the company’s business.
Key Responsibilities
Actuarial Valuations - Coordinating with relevant departments in the preparation of valuation data for all lines of business. The valuation process includes pre-valuation data checks, movement reconciliations and premium reconciliations to satisfy that the valuation data is of highest integrity, representative of the business done over the period, accurate, clean & reasonable.
Actuarial Investigations - Experience Investigations on the following;
• Expenses
• Return on Assets
• Withdrawal/Lapse
• Mortality
• Loss ratios for group life, medical and general insurance
• IBNR ratios for group life, medical and general insurance
• UPR Adequacy for group medical, life and general insurance
Products Development
• Product pricing and setup in AXIS (the actuarial pricing & valuation system)
• Product setup and testing of administrative functionalities in iGas (individual & group life admin. system)
Qualifications, Knowledge, Experience
- Bachelors Degree in actuarial science, statistics, engineering, mathematics, physics, economics or any other highly numerate mathematical degree from a recognized university
- Intention or willingness to register with an international actuarial body (Institute or Faculty of Actuaries UK, Society of Actuaries US, Canadian Institute of Actuaries, Australian institute of actuaries, South African Actuarial Society etc.) purse exams and qualify as an actuary
- Management Systems, VBA programming would be an added advantage
Key Responsibilities
Actuarial Valuations - Coordinating with relevant departments in the preparation of valuation data for all lines of business. The valuation process includes pre-valuation data checks, movement reconciliations and premium reconciliations to satisfy that the valuation data is of highest integrity, representative of the business done over the period, accurate, clean & reasonable.
Actuarial Investigations - Experience Investigations on the following;
• Expenses
• Return on Assets
• Withdrawal/Lapse
• Mortality
• Loss ratios for group life, medical and general insurance
• IBNR ratios for group life, medical and general insurance
• UPR Adequacy for group medical, life and general insurance
Products Development
• Product pricing and setup in AXIS (the actuarial pricing & valuation system)
• Product setup and testing of administrative functionalities in iGas (individual & group life admin. system)
Qualifications, Knowledge, Experience
- Bachelors Degree in actuarial science, statistics, engineering, mathematics, physics, economics or any other highly numerate mathematical degree from a recognized university
- Intention or willingness to register with an international actuarial body (Institute or Faculty of Actuaries UK, Society of Actuaries US, Canadian Institute of Actuaries, Australian institute of actuaries, South African Actuarial Society etc.) purse exams and qualify as an actuary
- Management Systems, VBA programming would be an added advantage
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Published on 03-02-2010
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