Manager Actuarial Services

The Insurance Regulatory Authority is hiring a Manager, Actuarial Services responsible for ensuring all actuarial work is done in accordance with the requirements of the Insurance Act, providing up-to-date reports upon analysis of industry data and returns to support other departments in making informed decisions in supervising the insurance industry.

Key Responsibilities:

• – Formulate minimum requirements for capital, governance, and risk management to ensure industry safety and stability
• – Formulate practices and steps for compliance to ensure fair market practices
• – Develop policy guidelines, regulations, and amendments in the Insurance Act for industry supervision
• – Monitor and implement set practices and steps for compliance and fair market practices
• – Monitor, implement, and evaluate policy guidelines, regulations, and Insurance Act amendments
• – Coordinate the implementation of actuarial policies and procedures, monitoring and evaluating their effectiveness
• – Monitor solvency and financial condition of regulated entities by reviewing actuarial reserves, risk-based capital calculations, and statements of actuarial opinion
• – Coordinate the development of data collection templates and deployment to the ERS
• – Oversee data analysis and preparation of reports on insurance industry performance

Requirements:

• – Master’s degree in Actuarial Science, Actuarial Management, Mathematics, Statistics, Insurance, Finance, Risk Management, Economics, Financial Engineering, or Business Administration
• – Bachelor’s degree in Actuarial Science, Statistics, Mathematics, Financial Engineering
• – KCSE B or equivalent
• – Possess at least an Associate Professional qualification in Actuarial or approved equivalent
• – Registered member of a relevant professional body
• – Certificate in Computer Proficiency
• – Management course lasting not less than four (4) weeks
• – Nine (9) years of relevant experience
• – Meet provisions of Chapter Six of the Constitution

Key Competencies:

• – Strong communication and reporting skills
• – Strong analytical and numerical skills
• – Strong organizational and interpersonal skills
• – Mentoring, coaching, and leadership skills
• – Conflict management
• – Ability to work under pressure, prioritize, and multi-task

How to Apply:
1) The applicants MUST submit their biodata online by filling the online application form.

2) In addition, the applicants MUST send their hard copy applications enclosing their Curriculum Vitae and copies of relevant academic and professional certificates, and copy of National Identification Card. The applicant MUST also include telephone number, e-mail address, and names and addresses of three (3) referees familiar with the applicant’s professional background and experience.

Hard Copy Applications addressed to the undersigned, to be sent by post or delivered to the Insurance Regulatory Authority at Zep Re Place, 2nd Floor, Longonot Road, Upper Hill. Please note that these should be sealed, marked “Confidential” and indicate the job reference (e.g. “REF: MF/05” for Manager, Actuarial Services).

Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100
Nairobi