Actuarial Assistant Jobs at CIC Life

On Monday, April 15th, 2013
Purpose of the Job

To provide actuarial analysis to CIC Life to ensure the company is always aware of its liability position, product performance and provide expertise in product development and pricing.

Duties & Responsibility
  • Preparation of valuation data
  • Assist in the performance of statutory and non-statutory actuarial valuation of the life business
  • Determine the level of profitability and performance of new and existing products
  • Product development and pricing of life insurance products
  • Statistical analysis of the life business, pension and medical business
  • Assist in the forecast of actuarial liabilities of the life business
  • Market intelligence
  • Analysis of industry statistics
  • Monitor per policy expense of products
  • Monitor mortality experience to determine sufficiency of premiums
  • Liaising with the external actuary on all actuarial aspects and compliance to the insurance act
  • Work closely with the underwriting department to determine the adequacy of premium rates
  • On-going Data clean up and system audit
Requirements
Academic Qualifications
  • BSc. Actuarial Science
  • At least 3 Professional Actuarial papers completed
Professional Qualifications
  • At least 3 Professional Actuarial papers completed
Relevant Work Experience
  • Total of at least 1 year working experience the insurance industry
Skills/ Knowledge
  • Excellent in statistical analysis
  • Knowledge of statistical packages (eg. SASS)
  • Excellent use of excel
  • Analytical skills
  • Problem solving skills with attention to detail
  • Progress in Actuarial exams
  • Proficient knowledge on the insurance industry in Kenya
  • Excellent report writing and presentation skills
If you meet the above requirements and consider yourself up to the challenge, please email your application and a copy of your CV clearly indicating on the subject of your email the job Ref No.

For example: Ref : Application for Actuarial Assistant Position to:

The Group Human Resources Manager
CIC Insurance Group Ltd

Strictly through Email to: [email protected]

The application should reach us by close of business on 26th April 2013.

Please note only shortlisted candidate will be contacted.
If you do not hear from us by 15th May 2013 consider your application unsuccessful.
For more details about the job visit here http://cic.co.ke/actuarial-assistant/
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