Actuarial Manager Job KPMG

Key roles and responsibilities

Actuarial activities and Board reporting

  • Report on technical provisions and liabilities, solvency position, loss ratio performance and key actuarial matters to the Principal Officer, the Board and Executive team.
  • Interact with the Global Actuarial function to conduct reserving activity for the company and ensure reserving activity is in line with company’s broader approach to capital and risk management.
  • Evaluate and provide advice on key actuarial areas including actuarial and financial risks, investment policies and valuation of assets and current and prospective solvency position.
  • Ad-hoc reporting and analysis as required, including deep dives into key focus areas to understand drivers of performance.

Regulatory and statutory reporting

  • Support the statutory actuary in completion of company’s regulatory calculations and disclosures, such as financial condition testing and solvency requirements.
  • Prepare quarterly actuarial valuation as required by the IRA.
  • Liaise with the IRA on actuarial matters, supported by the Principal Officer and the company’s Actuarial function.

Pricing analysis

  • Interact with the Global Actuarial Function to coordinate and conduct pricing on new and existing Intelligent
  • Platform Management Interface products in Kenya.
  • Collaborate with the Global Actuarial Function to facilitate and interpret market inflation and competitor pricing analysis.
  • Report on key pricing matters to the Principal Officer, the Board and Executive team.

Tools and framework development and best practice

  • Provide actuarial expertise and input in the delivery of the strategic initiatives and apply advanced analytical methods to drive business solutions.
  • Identify and support the deployment of new analytical techniques, tools and data sources to streamline the delivery of actuarial activities.
  • Promote best practices and continuous improvement processes and procedures.
  • Maintain strong relationships with the regulator, financial institutions, auditors and other external stakeholders.

Academic/Professional qualifications and Experience:

  • A bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field from a reputable and accredited institution.
  • Pursuing fellowship of the Actuarial Society of Kenya, or equivalent and excelled in recognized actuary professional qualifications.
  • Extensive background and proven work experience in actuarial and pricing functions in the insurance or financial services industries.
  • Ability to process data quickly, and strong attention to detail.
  • Excellent interpersonal, communication and influencing skills and ability to identify business drivers for performance.
  • Experience in exceptional stakeholder management and ability to build and strengthen relationships.
  • Ability to adapt to changes in business in a fast-paced environment, prioritizing tasks and working through conflicting priorities and deadlines.
  • Demonstrate problem solving and decision-making skills.
  • Collaborative team player willing to support development of colleagues.

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How To Apply

If you are interested in this exciting opportunity, Please send your application for your consideration to this email: hrservices@kpmg.co.ke quoting ‘Head of Underwriting and Enrolment’ by 4 October 2024.