Director - Actuarial Services - Kenya - Network International

    Network International
    Network International Kenya

    3 days ago

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    Description

    Job Title: Director of Actuarial Services

    Our client, a leading Pan-African Bank in Kenya, is seeking an experienced and strategic Director of Actuarial Services to lead their actuarial function.

    Key Responsibilities:

    • Strategic Leadership:
      • Develop and execute actuarial strategies aligned with the organization's business objectives.
      • Provide expert insights to senior management on risk, pricing, and profitability.
      • Lead actuarial input in strategic planning, mergers & acquisitions, and business expansion initiatives.
    • Actuarial Modeling & Analysis:
      • Oversee the development and enhancement of actuarial models for pricing, reserving, and risk management.
      • Monitor financial risks, loss ratios, and market trends to inform business strategies.
      • Conduct scenario testing, sensitivity analysis, and capital modeling.
    • Risk Management & Compliance:
      • Ensure adherence to industry regulations and standards (e.g., IFRS, Solvency II, local regulatory requirements).
      • Collaborate with regulatory bodies and auditors to ensure compliance and reporting accuracy.
      • Establish sound actuarial controls and governance frameworks.
    • Product Development & Pricing:
      • Lead the design and pricing of insurance products to optimize profitability and competitiveness.
      • Collaborate with product, underwriting, and marketing teams to drive innovation and market penetration.
      • Provide actuarial insights into product performance and customer value propositions.
    • Financial Reporting & Valuation:
      • Oversee the preparation of actuarial reports and financial statements.
      • Drive accurate valuation of liabilities and ensure effective management of reserves.
      • Support financial planning, budgeting, and forecasting processes.
    • Team Leadership & Development:
      • Manage and mentor a team of actuarial professionals, fostering a culture of excellence and continuous learning.
      • Develop talent pipelines and provide guidance on professional actuarial qualifications.
      • Collaborate cross-functionally to enhance overall business acumen within the organization.

    Requirements:

    • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or a related field; a Masters Degree is an advantage.
    • Fellowship or Associate membership of a recognized actuarial body (e.g., FIA, FSA, ASA).
    • Minimum of 10+ years of actuarial experience, with at least 5 years in a leadership role within insurance, reinsurance, or financial services.
    • Strong expertise in actuarial modeling tools and software (e.g., Prophet, SAS, R, Python).
    • In-depth knowledge of regulatory frameworks, risk management principles, and financial reporting standards.
    • Excellent leadership, communication, and stakeholder management skills.
    • Proven track record in leading complex actuarial projects and driving business impact.

    Why This Role Rocks:

    This is your chance to be at the forefront of shaping the future of banking within Africa. Collaborate with a global team, influence strategic decisions, and leave an indelible impact.



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