Deputy Manager – Actuarial

Assist Head of Actuarial to meet Overall company strategy & objectives of business growth, profitability and sustainability through coordination of day to day actuarial function roles.

Main Resonsibilities


Assist in performing internal actuarial valuations and Quarterly reporting IRA and Board.
Coordinate IFRS 17 implementation.
Carry out business and experience studies to update actuarial assumptions for valuation, pricing and risk assessment.
Provide underwriting and reinsurance support for pricing and risk assessment selections including financial, business and trend analysis.
Assist in product development and review of premium rates on request by carrying out research to assess company competiveness.
Actuarial correspondence with stakeholders and finance by addressing raised queries
Review and updating internal actuarial policies as and when required.
Training & mentoring of actuarial staff to achieve highest levels of performance.
Any other duties assigned

Key deliverables

Collecting data, validating data and following established guidelines to minimize errors.
Product development & pricing.
Regular & accurate actuarial analysis.
Training and development by pursuing actuarial credential by sitting for actuarial exams on a regular basis and attending professional development trainings.


Job Specifications

Academic Qualifications

Bsc.in  Actuarial, Statistics or Mathematics


Professional Qualifications

Passed at least (5-10)/15actuarial exams

Key Job Skills (specific to the job)

Leadership skills
Analytical Skills
Business/Market Awareness
Familiar with regulatory framework
knowledge of IFRS17 implementation would be an added advantage
Actuarial modelling
Risk Management

General Skills

Communication skills
Interpersonal skills
Customer Service
IT skills (fluency)

Our Competencies/Behaviours



At least 5yrs years of relevant work experience with 2 years in management.


Click “APPLY FOR JOB” button above to apply for this job.

Apply before Monday, 27th January, 2023. All applications and CVs should be sent on our email

About Kenindia Assurance Company Limited

Kenindia Insurance Ltd, was established as merger of Indian Insurance Companies operating in Kenya to form a vibrant joint venture with moral and financial support from leading local business elite on 6th December 1978.

By 2007, a span of 29 years, the company had crossed the Ksh 3 billion gross premium income mark to become the largest non-life insurer in Kenya.

Since then, Kenindia has grown from strength to strength to become a leading household name in Kenya.