Full Time
Britam Kenya
Posted 1 month ago

Britam Kenya

Actuarial Associate at Britam Kenya – Nairobi 2025 | Entry-Level Actuarial Position

Essential Job Details

Position: Actuarial Associate
Location: Nairobi, Kenya
Job Type: Permanent, Full-Time
Industry: Financial Services, Insurance
Application Deadline: 23rd March 2025

Introduction: Launch Your Actuarial Career with Britam Kenya

Are you a recent graduate with a strong mathematical background seeking to embark on a rewarding actuarial career? Britam Kenya, a leading diversified financial services group, is looking for a dedicated Actuarial Associate to join our dynamic team in Nairobi. This entry-level position offers an excellent opportunity to apply your analytical skills and contribute to our mission of safeguarding dreams and aspirations.

About Britam Kenya

Britam Kenya is a top financial services group offering insurance, asset management, banking, and property solutions across East and Southern Africa. Our purpose is to provide financial security every step of the way, guided by our core values of accountability, trust, agility, and customer centricity. With a presence in seven African countries, we pride ourselves on our commitment to innovation and excellence. https://ke.britam.com+1https://britam.com+1

Key Responsibilities of the Actuarial Associate Role

As an Actuarial Associate, you will play a crucial role in supporting the actuarial unit by performing data analysis, experience investigations, and valuation of technical liabilities. Your responsibilities will include:

Data Preparation & Analysis
- Coordinate with assigned segments to prepare valuation data.
- Perform data checks to ensure accuracy and completeness.
Technical Liabilities Valuation
- Calculate accurate insurance technical liabilities for monthly financial reporting.
- Conduct Reserve Adequacy Tests and prepare reports on valuation results.https://ke.britam.com+1https://proactuary.com+1
Solvency Calculations
- Perform timely monthly solvency calculations to ensure financial stability.
Experience Investigations
- Carry out investigations on expenses, product portfolio performance, and intermediary loss ratios.
Business Projections & Planning
- Prepare input data for annual business planning and strategy reviews.
- Assist in capital management, solvency assessments, and stress testing projections.
Reporting
- Collaborate with assigned segments to prepare data for management and board reports.
Compliance & Delegated Authority
- Operate within the delegated authority matrix and ensure compliance with internal and external regulatory requirements.

Qualifications and Skills Required

Educational Qualifications:

University degree or completion letter in actuarial science, statistics, engineering, mathematics, physics, economics, or a related field with a strong emphasis on mathematical proficiency.

Professional Experience:

Entry-level position; prior experience is not mandatory but internships or related experience are advantageous.

Professional Qualifications:

Progress in actuarial examinations, with at least one paper passed from a recognized actuarial body.

Technical & Soft Skills:

Proficiency in statistical techniques and data analysis.
Basic understanding of the insurance industry in Kenya.
Knowledge of reinsurance arrangements and structures.
Familiarity with statistical packages or programming languages (e.g., SAS, Visual Basic).
Competence in database management systems.
Strong analytical and problem-solving skills.
Excellent communication and interpersonal abilities.
Attention to detail and high level of integrity.

Why Join Britam Kenya as an Actuarial Associate?

At Britam Kenya, we offer:

Professional Growth: Opportunities for continuous learning and development in the actuarial field.
Innovative Environment: Engagement with cutting-edge financial solutions and services.https://ke.britam.com+1African Financials+1
Collaborative Culture: A supportive team that values diversity and inclusion.
Purpose-Driven Work: Contributing to a mission that safeguards the dreams and aspirations of our clients.https://ke.britam.com

Company Culture and Values at Britam Kenya

Our core values include:

Accountability: Taking responsibility for our actions and decisions.
Trust: Building and maintaining confidence with our stakeholders.
Agility: Adapting swiftly to changing market dynamics.
Customer Centricity: Placing clients at the heart of our operations.

We are committed to fostering a culture that promotes integrity, innovation, and excellence.

How to Apply for the Actuarial Associate Role

Interested candidates are invited to apply online through Britam’s career portal.

Application Deadline: 23rd March 2025

Note: Only shortlisted candidates will be contacted.

Additional Engagement & Career Opportunities

For more opportunities in the financial services sector:

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Final Call to Action: Start Your Actuarial Journey with Britam Kenya!

If you’re ready to apply your analytical skills in a dynamic environment and contribute to innovative financial solutions, apply today to join Britam Kenya as an Actuarial Associate.

To apply for this job please visit britam.taleo.net.

By The Kenyan Job Finder Team

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