• 
  Assist in individual life insurance product pricing from ideation to
  product launch
• 
  Assist in the reviewing and monitoring of internal experience and trends
  to ensure company product pricing meets profit targets
• 
  Assist in ensuring product pricing is consistent with the set
  underwriting policy and regulatory guidance
• 
  Provide analysis to support the renegotiation of existing group contracts
• 
  Assist system vendors in product setup in the administration system
• 
  Assist in reviewing and monitoring experience on all products to inform
  pricing assumptions and decision-making including profit testing of existing
  products
• 
  Prepare reports on product performance for management decision-making
• 
  Work closely with reassures to ensure treaty optimization
• 
  Product Approvals: Assist in driving the product approval process both
  within the Company and externally with the Insurance Regulator and other
  government bodies – where relevant.
• 
  Product Documentation: Assist in developing and continually review
  product training manuals and marketing materials that are appropriate to the
  target market and distribution channel of the products.

Valuation:

• 
  Assist with new product implementation into the valuation systems and
  provide future projections under the valuation standards at the time
• 
  Assess the capital requirements of new products that assists with
  capital consumption and choice of product designs

Experience Investigation:

• 
  Assist with the annual experience investigations on key assumptions for
  pricing and valuations.
• 
  Sensitivity analysis and impact assessment of the various assumptions

Asset Liability Modeling (ALM):

• 
  Assist with the quarterly preparation of ALM calculations and
  presentations to management in relation to the new and existing products

Actuarial Modelling:

• 
  Assist in building and maintaining models for pricing, Value of New
  Business (VNB), ALM, capital modeling and experience investigations

Requirements

• 
  Bachelors’ degree in actuarial science, statistics, engineering,
  mathematics or any equivalent with a strong emphasis on mathematical
  proficiency
• 
  Good Progress in the
  Institute of Actuaries examinations or any other recognized Actuarial bodies
• 
  At least 2 years’ experience in an actuarial function focused on pricing
  of new products or repricing/ product review
• 
  Practical end to end Product development experience
• 
  Practical end to end
  Prophet modelling experience will be an added advantage

4.3
Other attributes

·
Good interpersonal communications skills

·
Good writing and verbal communications skills

·
Sensitivity to Customer needs

Technical Competencies

·
Statistical/actuarial techniques

·
Proficient knowledge on the insurance industry in Kenya

·
Knowledge of reinsurance arrangements and structures

·
Knowledge of software packages or programming (e.g., Excel, R, Visual
Basic for Applications)

·
Product development knowledge

·
Proficiency in Prophet coding will be an added advantage

5.2
Core competencies

·
Adhering to principles and values

·
Delivering results and meeting customer expectations

·
Self-driven and provide independent thinking

·
Relationship building and Networking within and outside the organization

·
Strong analytical skills

·
Learning and researching

·
Presenting and communicating Information

·
Achieving personal work goals and objectives

·
Connecting work to business objectives