Intermediate Actuarial Valuations Specialist – Life Insurance, Nairobi 2025

Intermediate Actuarial Valuations Specialist – Life Insurance, Nairobi 2025

ESSENTIAL JOB DETAILS

• Position: Intermediate Actuarial Valuations Specialist – Life Insurance
• Location: Nairobi, Kenya
• Job Type: Full-Time
• Industry: Financial Services, Insurance
• Application Deadline: 12 March 2025, 23:59
• Company: Old Mutual Kenya

INTRODUCTION

Are you an actuarial professional seeking to advance your career in a dynamic and reputable financial services organization? This opportunity at Old Mutual Kenya allows you to apply your actuarial expertise in valuations, financial modeling, solvency computation, and risk management. This role is instrumental in providing actuarial insights that drive strategic business decisions. If you have a strong technical background and a passion for life insurance actuarial practices, this is the perfect opportunity for you.

Actuarial professionals play a vital role in risk assessment, financial forecasting, and ensuring the overall stability of insurance firms. This role requires an individual who can analyze complex datasets, extract meaningful insights, and apply quantitative techniques to support business decision-making. With increasing regulatory changes and market dynamics, actuaries are in high demand to help organizations adapt and stay competitive.

This position not only offers a challenging work environment but also presents an excellent opportunity to expand your actuarial skills within an innovative company. Old Mutual Kenya is committed to professional development and offers extensive training, mentorship programs, and exposure to international actuarial best practices.

ABOUT OLD MUTUAL KENYA

Old Mutual Kenya is a leading financial services company providing life insurance, savings, asset management, and banking solutions across 14 African countries. With a strong commitment to delivering customer-centric financial products, Old Mutual ensures financial security through innovative solutions and expert advisory. The company is deeply invested in sustainable financial growth and strives to create long-term value for both customers and employees.

As part of a globally recognized brand, Old Mutual Kenya adheres to the highest industry standards in risk management, financial planning, and insurance solutions. The company values integrity, transparency, and operational excellence, ensuring that clients receive top-tier financial services tailored to their unique needs. Employees at Old Mutual Kenya benefit from a strong professional network, collaborative culture, and opportunities to participate in high-impact financial projects.

KEY RESPONSIBILITIES

• Conduct and review internal actuarial liability valuations and profitability analysis for life insurance products.
• Perform experience investigations, including profitability analysis and data-driven actuarial research.
• Review external actuary reports and collaborate with appointed actuaries to generate financial condition reports.
• Perform solvency and capital management analysis, including risk-based capital calculations and solvency stress testing.
• Assist in financial modeling to support business decision-making and scenario testing.
• Provide support in strategic business planning, including solvency projections and stress analysis.
• Conduct reinsurance analysis to optimize risk transfer strategies for life insurance portfolios.
• Present actuarial insights and valuation reports to senior management, board committees, and relevant stakeholders.
• Assist in enterprise risk management by identifying, quantifying, and mitigating financial and insurance risks.
• Support investment strategy formulation and monitor investment performance in alignment with actuarial insights.
• Develop predictive models for claims forecasting and portfolio risk assessment.
• Collaborate with underwriting teams to refine pricing models and improve profitability.
• Conduct market research to identify emerging trends in the insurance and financial services sector.
• Lead workshops and training sessions to enhance actuarial knowledge within the organization.
• Ensure compliance with regulatory reporting requirements and maintain actuarial documentation.

QUALIFICATIONS AND SKILLS

• Educational Background: Bachelor’s degree in Actuarial Science, Finance, Mathematics, or related fields.
• Actuarial Certification: A minimum of 7 actuarial exam passes from a recognized actuarial professional body.
• Experience: At least 5 years of actuarial experience in the life insurance industry.
• Technical Expertise: Proficiency in actuarial modeling, financial forecasting, and solvency computation.
• Knowledge of Regulations: Strong understanding of IFRS17, insurance regulations, capital markets, and central banking regulations.
• Analytical Skills: Advanced data analysis and problem-solving capabilities to support actuarial assessments.
• Programming Skills: Proficiency in data programming and actuarial software is highly preferred.
• Communication and Presentation: Ability to present complex actuarial insights clearly to diverse stakeholders.
• Attention to Detail: Ability to work independently while ensuring accuracy in actuarial computations.
• Ability to handle multiple projects simultaneously and meet strict deadlines.
• Experience with risk assessment tools and actuarial software such as Prophet, R, Python, or VBA.
• Ability to work effectively within cross-functional teams to achieve business goals.
• Strong leadership and decision-making skills with a focus on data-driven results.

COMPANY CULTURE AND VALUES

At Old Mutual Kenya, our commitment to excellence, innovation, and teamwork sets us apart in the financial services industry. We foster a culture of continuous learning and professional development, ensuring that employees have access to training and mentorship. Integrity, customer-centricity, and collaboration are the pillars of our success, and we take pride in creating an inclusive work environment that encourages both personal and professional growth.

Our work environment is built on trust and mutual respect, ensuring that every employee has the resources needed to thrive in their career. The company provides structured career development programs, leadership training, and access to industry-leading tools and resources. Employee engagement activities and wellness initiatives also ensure that work-life balance is maintained, fostering a positive and productive work atmosphere.

HOW TO APPLY

Interested candidates are encouraged to submit their applications through the official Old Mutual Kenya job portal before the application deadline. To apply for this position, follow the link below:

Apply Now for Intermediate Actuarial Valuations Specialist – Life Insurance

Ensure that your application includes a detailed CV, cover letter, and any relevant supporting documents. Early applications are encouraged, as the recruitment process may close before the deadline if a suitable candidate is identified.

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FINAL NOTES

This is an exceptional opportunity for an experienced actuary looking to make a significant impact in Kenya’s life insurance sector. If you meet the qualifications and are ready to take the next step in your actuarial career, apply today and join Old Mutual Kenya in shaping the future of financial services in Africa.