Actuarial Officer Iii

Actuarial Officer Iii

Insurance Regulatory Authority Of Kenya (Ira)

Actuarial Officer Iii

Details of the offer

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

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


At least 1-year relevant experience;

Experience in preparation of analytical and numerical reports; and

Experience analyzing financial and statistical reports.


Strong communication and reporting skills;

Strong organization and interpersonal skills; and

Good analytical, investigative, auditing and inspection skills



Ethical and integrity;

Strategic thinking; and

Ability to work under pressure, prioritize and multi-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


Analyse premium rates for general insurance companies

Analyse technical reserves for insurers

Develop and update the IRA Electronic Regulatory System

(ERS) new releases and templates

Policy development and


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 advise the management and the Board

Develop and update Risk-Based Supervision (RBS) Models,

Capital models and other Actuarial Models

Job Requirements
Required education
: Bachelor's degree

Required relevant work experience
: 12 months

Required languages:
English (Spoken: fluent | Written: fluent)
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