Actuarial Specialist, Capital Management @ Liberty & Heritage Insurance

Job Summary

The Specialist, Capital Management will be responsible for supporting the capital management and solvency enhancement initiatives in life business as well as participating in overall risk management for the company.

Core Deliverables

• Support the management of the business’ capital position to ensure efficiency.
• Provide comprehensive actuarial reports to the business periodically and highlight key issues on an ongoing basis, including solvency and capital monitoring. Analyze the capital position and identify inefficiencies.
• Support regulatory and economic capital framework for the business.
• Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks.
• Develop monthly reports for management and ensure compliance to IRA regulation.
• Provide input in the reserving process.
• Build simple models (such as cash flow) models for both reporting purposes and to better understand the business.
• Assist in the carrying out projections during the annual budgeting process
• Carry out monthly asset-liability matching and rebalancing instructions.
• Provide analysis to support the application of appropriate reinsurance arrangements.
  

Qualifications

• Bachelor’s degree in actuarial science, statistics, engineering, mathematics, or any equivalent with a strong emphasis on mathematical proficiency
• Progress in the Institute of Actuaries examinations (6 papers)
  

Experience

• At least 3 years’ experience in the insurance industry or similar experience in a reputable organization
  

Competencies

• Strong interpersonal skills
• Ability to prioritize tasks and manage time efficiently
• Team player
• A Solutions – focused mindset
• Knowledgeable in financial solutions and market trends Business acumen
• Report writing skills
• Data Manipulation, Data Wrangling and Data Checking Skills
• Programming Skills: VBA, R or Python
  

Application Procedure

If you meet the above requirements, you are encouraged to forward your application and updated CV to hr@libertylife.co.ke by 10th February 2025 clearly stating the job title on the subject heading. Liberty Kenya is an equal-opportunity employer and actively encourages diversity.

Please note that only shortlisted candidates will be contacted. Personal data collected will be used for recruitment purposes and in accordance with the privacy statement on our website www.liberty.co.ke