Actuarial Senior Team Leader

APA Insurance is currently seeking to recruit a suitable and qualified candidate for the following position: Actuarial Senior Team Leader – APA Insurance.


Key Primary Responsibilities 

Product development which involves conducting research, developing pricing models, profit testing and other actuarial modelling/testing
Reviewing pricing of insurance contracts/products and development of pricing calculators
Reviewing product performance after selling which involves assessing sales volumes, claims experience, expenses and distribution set up
Validating data and performing actuarial valuation which involves setting up valuation models and estimation of actuarial liabilities (UPR, OCR, IBNR, IBNER, DAC, UARR, ULAE etc);
Compute the Risk Based Capital on a monthly basis and advise management accordingly
Preparation/review of the annual Liabilities Valuation & Financial condition report as per the IRA guidelines
Compliance with IRA guidelines on actuarial function and quarterly reporting including AvE
Liaising with external actuaries and providing them with information, documents and records needed to execute their work in a timely manner
Support in the preparation of monthly management reports
To offer support in the preparation of annual financial statements
Support in preparation of board papers, annual budgets and other strategic plans
Technical Lead in the adoption of IFRS 17 to the full implementation

Academic Qualifications 

Bachelor’s degree in Actuarial Science or an equivalent

Job Skills And Requirements 

Advanced knowledge of MS Excel and other Actuarial relevant tools
Analytical and highly innovative
Presentation skills
Communication and interpersonal skills
Team player and high organization skills
Demonstrable high knowledge in IFRS 17

Professional Qualifications 

At least 7 Actuarial professional examinations
Member of a relevant professional body


At least 5 years’ relevant experience


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About APA Life Assurance Company Ltd

Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks such as Fire, Marine, Aviation, Personal Accident, Motor, Liability, Agriculture, Property, and Micro Insurance. We also underwrite Health Insurance i.e. Corporate, Individual & Family Health Insurance. APA Life Assurance is one of the leading insurance companies in Kenya providing Life Insurance and Pension benefits.It has been recognised as The Best Insurance Company in Claims Settlement (Life Business). Our Individual products, APA Elimu,Pumzisha, Imarika and HosiCare aim to protect generations as well as help people from all walks of life to meet common needs. Apollo Asset Management which is an investment and wealth management firm licensed by the Retirement Benefits Authority (RBA) and the Capital Markets Authority (CMA) to conduct fund management and investment advisory services. Gordon Court (Apollo Conference Centre) is the premier event hosting location for both business and private functions in the city. From business conferences to private occasions, Apollo Conference Centre provides the ultimate meeting place. Established in 1977 as one of the first locally owned insurance companies, Apollo has achieved impressive growth over the years thanks to commitment to service and confidence of policyholders and a sound management policy. APA Apollo has been at the fore front of Innovations and taking bold and daring steps in the Insurance and Financial service sectors.