Britam Acturial Assistant vacancy

Britam Acturial Assistant vacancy
The position reports to the Actuarial Supervisor. The jobholder is responsible for actuarial procedures relating to the company’s business
Key Responsibilities
1.Actuarial Valuations - Coordinating with relevant departments in the preparation of valuation data for all lines of business. These are:

• Ordinary Life
  
• Deposit Administration
  
• General Insurance
  
• Group Life and
  
• Group Medical
  
• Mortgage Cancellation
  
• Micro insurance
  
• BOP Credit Life
  

2. Actuarial Investigations
Carry out experience Investigations as directed on the following;

• Expenses
  
• Return on Assets
  
• Withdrawal/Lapse
  
• Mortality
  
• Loss ratios for group life, medical and general insurance
  
• IBNR ratios for group life, medical and general insurance
  
• UPR Adequacy for group medical, life and general insurance
  

3.Products Development

• Product pricing and setup in AXIS (the actuarial pricing & valuation system)
  
• Product setup and testing of administrative functionalities in iGas (individual & group life admin. system)
  

4.Any other work/ special investigations that may arise from time to time.
Knowledge, Qualifications and Experience

1. Bachelors Degree in actuarial science, statistics, engineering, mathematics, physics, economics or any other highly numerate mathematical degree from a recognized university
   
2. Intention or willingness to register with an international actuarial body (Institute or Faculty of Actuaries UK, Society of Actuaries US, Canadian Institute of Actuaries, Australian institute of actuaries, South African Actuarial Society etc.) purse exams and qualify as an actuary
   
3. Management Systems, VBA programming would be an added advantage
   

Closing Date: Wednesday, August 20, 2014
Key Skills/Specialization: Insurance Knowledge.

- See more at: http://careers.britam.co.ke/?q=node/210#sthash.B2PUmuOK.dpuf