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Actuarial Officer Jobs, Insurance Jobs In Kenya, IRA Jobs

The Insurance Regulatory Authority is a State Corporation established under the Insurance Act, Cap 487 of the Laws
of Kenya with the mandate to regulate, supervise and promote development of the insurance industry in Kenya. The
Authority is seeking applications for the following vacant positions:

JOB TITLE Actuarial Officer III
DIVISION/SECTION Technical
GRADE/LEVEL IRA 8
IMMEDIATE SUPERVISOR Manager, Actuarial Services

Job Summary
Responsible for the implementation of actuarial policies and procedures as well as monitoring and evaluating their effectiveness in achieving the Authority’s goals and objectives

Responsibilities 
Actuarial Analysis • Analyse applications for new products
• Analyse actuarial valuation and financial condition reports for life and general business insurance
• Identify actuarial parameters suitable for the insurance industry
• Analyse premium rates for general insurance companies
• Analyse technical reserves for insurers
• Develop and update IRA Electronic Regulatory System (ERS) new releases and templates
Policy development and Compliance • Participate in the formulation and development of actuarial policies and procedures
• Participate in on-site inspections of insurance companies
• Carry out actuarial investigation and analysis of the insurers and advice the management and the Board
• Develop and update Risk Based Supervision (RBS) Models, Capital models and other Actuarial Models

Qualifications
Education and knowledge
• Bachelors degree in Actuarial Science, Mathematics or Statistics or equivalent from a recognized University;
• Pursuing professional Actuarial qualification;
• Member of the Institute of Actuaries (London) or Faculty of Actuaries (Scotland) or similar professional body; and
• Proficiency in ICT
Experience
• At least 1 year relevant experience;
• Experience in preparation of analytical and numerical reports; and
• Experience analysing financial and statistical reports.
Skills
• Strong communication and reporting skills;
• Strong organization and inter personal skills; and
• Good analytical, investigative, auditing and inspection skills
Competences
• Professionalism;
• Ethical and integrity;
• Strategic thinking; and
• Ability to work under pressure, prioritize and multi task

How to Apply
If you believe you are the right candidate for the above position and can clearly demonstrate your ability to meet the
job requirements given, please submit your application (clearly indicating on the envelope the reference number
and position you are applying for) with a detailed CV, stating your position, current remuneration, qualifications,
experience, names and addresses of three referees, email and telephone contacts together with copies of your
certificates and national identification card by close of business on 28th February 2020 to:

Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100,
Email: careers@ira.go.ke,
Nairobi
IRA is an Equal Opportunity Employer and Persons With Disabilities are encouraged to apply.
Note: only shortlisted candidates will be contacted and canvassing will result in automatic disqualification.

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