Today, 11:52 Ad ID:2844145
Actuarial Officer III
Nairobi CBD Nairobi Details Number of Positions 1 Years Experience 2 years Minimum Qualification Bachelor Job Level Mid level Work Type Full time Company Industry Government Employer Insurance Regulatory Authority Description
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
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
1.0 PURPOSE OF THE JOB (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
**2.0 PRINCIPAL RESPONSIBILITIES
Key Responsibilities
Main task
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
3.0 REQUIRED QUALIFICATIONS
3.1 Education and knowledge
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or its equivalent.
• Minimum KCSE Grade B+
• Proficiency in ICT
3.2 Experience
• This is an entry level job with no experience required
3.3 Skills
• Strong communication and reporting skills;
• Strong organization and inter personal skills; and
• Good analytical, investigative, auditing and inspection skills
3.4 Competences
• Professionalism;
• Ethical and integrity;
• Strategic thinking; and
• Ability to work under pressure, prioritize and multi task
The details of the positions may be accessed by visiting the IRA website, www.ira.go.ke.
Important:
Shortlisted candidates shall be required to present the following statutory documents during the interviews: Certificate of good conduct from the Director of Criminal Investigations, Clearance Certificate from the Higher Education Loans Board, Tax Compliance Certificate from the Kenya Revenue Authority, Clearance from the Ethics and Anti-Corruption Commission, and report from an approved Credit Reference Bureau.
Terms of Offer:
An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the right candidate.
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 24th May 2021 to:
Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100
Nairobi
EMAIL : **********
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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