African Trade Insurance Agency is a pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. With deep roots in Africa, we are best positioned to understand and assess the risks here – and to help mitigate them.
Job Description
Reporting to the Chief Risk Officer, the role will also support both the Finance and the Underwriting departments and will help on risk analysis, stress testing, reserving, pricing and implementation of IFRS17.
Responsibilities
- Develop or improve claims reserving methodologies
- Develop and maintain a reliable statistical database
- Develop a stress-testing model and conduct regular stress tests
- Prepare monthly, quarterly and annual reports
- Develop or improve ATI’s pricing model and monitor pricing adequacy for ATI’s overall book of business
- Assist with presentation of rate impacts to key stakeholders including senior management and ATI’s major accounts
- Help optimize ATI’s reinsurance program
- Establish and document actuarial procedures and methodologies
- Provide data, analysis and support to various external and internal customers; including auditors, reinsurers and reinsurance brokers, when required
- Stay abreast of trends and innovations in the actuarial profession related to pricing, reserving, credit and related areas
- Develop a thorough understanding of IFRS 17 requirements from both an actuarial and accounting perspective
- Advise and provide the necessary support on the IFRS 17 implementation project and proactively participate in the implementation of an IFRS 17 tool
- Coach other staff on the use and interpretation of standard actuarial procedures in the risk, underwriting, claims and finance departments
Qualifications & Attributes
- Qualified Actuary
- 6-8 years of experience in actuarial field, including supporting actuarial reserving, pricing or financial modeling in the financial sector, related to Corporate or Commercial Insurance. This experience period may include some time spent completing the qualification process
- Experience obtained in corporate or commercial banking or Insurance firms
- A combination of education and experience demonstrating the knowledge, skills and abilities required to perform the work will also be considered
- Familiarity with appropriate data analytics tools
- Ability to deliver timely, organized and consistent results
- Strong communication and interpersonal skills
- Written and oral English is pre-requisite
- French language proficiency is an added advantage
The post Senior Actuary at African Trade Insurance Agency appeared first on Jobs in Kenya - http://jobwebkenya.com/.
The post Senior Actuary at African Trade Insurance Agency is republished from Jobs – Jobs in Kenya – http://jobwebkenya.com/
