Actuarial Analyst at Metropol Corporation Ltd

Metropol was established in Kenya in 1996 as a business Information and credit management company. In 2006 Metropol partnered with GCR to provide credit rating services that enable corporates to raise capital and meet their financing needs. Metropol is also licensed by the Central Bank of Kenya to provide Credit Reference Bureau (CRB) Services to ALL banks in Kenya. Our CRB services leverage full-file credit information sharing and alternative data sources from MFIs, SACCOs, HELB, Utilities, Mobile phone companies and providers of goods and services on credit to help customers improve their access to finance and increase the credit providers’ capacity to lend profitably to more customers. We support Credit providers in managing Credit Risk throughout the credit life cycle in order to increase efficiency and lower risk of default and thus maximize profit. At the same time, we provide the credit consumer with tools that will help negotiate favorable terms when applying and managing their credit. In that way, we provide a Total Customer Solution.

PURPOSE OF THE ROLE

Reporting to the Actuarial Manager – The Actuarial Analyst will provide actuarial services to all lines of business.

PRIMARY Duties & Responsibilities

• Coordinate with relevant departments in the preparation of valuation data


• Perform monthly calculation of the technical reserves using appropriate actuarial methodology


• Assist in carrying out Pricing, Profit and Sensitivity testing for new or repackaged products


• Review and monitor experience of products to inform decision making.


• Perform experience reviews to inform assumptions used in product pricing and actuarial valuations.


• Assist with review of appropriateness, adequacy and cost efficiency of reinsurance and underwriting arrangements in place


• Perform analysis on industry trends and market to inform decision making on a quarterly basis


• Support with the implementation of the IFRS 17 reporting Standard

REQUIREMENTS

Qualifications and Experience

• Bachelor’s degree in Actuarial Science, Mathematics, or related field


• A minimum of 3 completed Professional Actuarial examinations


• Over 3 years’ experience in Insurance Operations with at least 1 year of Actuarial experience


• Good understanding of Insurance principles and practices in Kenya

Required skills and Competencies

• Strong analytical and detailed-oriented aptitude with a high degree of accuracy


• Attention to details


• Excellent organizational skills

The post Actuarial Analyst at Metropol Corporation Ltd appeared first on Jobs in Kenya - http://jobcenterkenya.com/.