Actuarial Specialist, Financial Reporting
AI summary
Liberty & Heritage Insurance is hiring an Actuarial Specialist, Financial Reporting in Nairobi to lead actuarial valuations, IFRS 17 reporting, liability management, experience investigations and product profitability analysis for the life insurance business. The role supports financial reporting cycles, budgeting and forecasting, and requires strong actuarial modelling, analysis and reporting skills within a governed insurance environment.
- Focus on actuarial valuations, IFRS 17 reporting and financial reporting for life insurance
- Involves experience investigations, product profitability analysis and pricing support
- Requires 5+ years experience and a Bachelor's degree, actuarial science preferred
- Reports to Manager, Capital Management & Reporting in Nairobi
- Application deadline is November 11, 2026
AI job guide
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AI salary guide
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Can you qualify for this role?
- Required5+ years of relevant experienceThe job post includes a minimum experience signal.
- RequiredEducation or certification mentioned in the postThe captured text mentions education, a diploma, certificate, or licence.
- PreferredPractical evidence in driver, internship, motoristaThe tags and summary point to skills connected with this role.
- RequiredAvailability to work in NairobiThe vacancy is associated with this location.
Documents to prepare
- Likely requiredUpdated CV
- Role specificCover letter or short employer message
- OptionalProfessional references
- Role specificAcademic or professional certificates
- VerifyID or passport only after verifying the employer
Application tips for this job
- Place your strongest Actuarial Specialist, Financial Reporting evidence in the first half of your CV.
- In your cover letter or employer message, connect your experience to Liberty & Heritage Insurance and the role in Nairobi.
- Add concrete examples related to driver, internship, motorista, ideally with measurable outcomes or clear responsibilities.
- Follow the instructions from Opened Career Kenya; avoid sending documents to unofficial contacts or copied links.
- Confirm the deadline, interview location and employer contact before sharing personal documents.
- Prepare a polite question about pay, benefits and contract terms for later interview stages.
Source and safety check
- Opened Career Kenya
- Original source link available
- Application method is clear
- Deadline not specified
- No major risk signal was detected in the captured text.
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Interview preparation
- What experience makes you a strong fit for this Actuarial Specialist, Financial Reporting role in driver, internship?
- How have you handled responsibilities similar to those in this job post?
- Are you available to work in Nairobi under the listed contract or schedule?
- Prepare examples with clear responsibilities, tools used and measurable outcomes.
- Review the source and research Liberty & Heritage Insurance before the interview.
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Original source description
September 12, 2026
Nairobi
,
Kenya
Expiration date
November 11, 2026
5+ Years
Gender
Both
Qualification
Bachelor Degree
Job Description
Job Summary
The Specialist, Financial Reporting (Actuarial) is responsible for the timely, accurate and compliant execution of actuarial valuations, financial reporting, regulatory reporting and management information for the life insurance business. The role performs actuarial analysis, modelling,
Experience
Location: NAIROBI
investigations and reporting activities; supports product profitability, budgeting and forecasting; and operates robust data, model and reporting controls. The role prepares and quality-assures outputs for review by the Manager, Capital Management and Reporting and escalates material issues, judgements and exceptions through the approved governance process.
Reports To : Manager, Capital Management & Reporting
Key
trends and recommend further investigation or action.
Investigations and Profitability Analysis
Conduct mortality, withdrawals, expense and claims
investigations.
Monitor trends affecting product profitability and actuarial assumptions.
Analyse the performance and profitability of existing and newly launched products.
Provide actuarial insight and recommendations to support business decision-making.
Investigate business performance variances and emerging actuarial risks.
Product Development and Pricing Support
Participate in product development through actuarial modelling, profitability analysis, pricing support and sensitivity testing.
Assess the financial implications and sustainability of new product proposals.
Support product reviews to assess continued competitiveness, customer value and profitability.
Assist with user acceptance testing and actuarial validation of products configured in administration and valuation systems.
Monitor product performance and recommend enhancements through the Manager.
Expense Analysis, Budgeting and Forecasting
Monitor expense allocations and per-policy expense levels across products.
Perform expense investigations and variance analysis to identify emerging trends and risks.
Support review of expense assumptions used in pricing and valuation models.
Provide actuarial projections and analysis for budgeting, forecasting and business planning.
Contribute actuarial input to long-term financial projections and scenario analysis.
Regulatory Reporting and Compliance
Prepare actuarial returns and regulatory submissions required by the Insurance Regulatory Authority and other relevant authorities for review and approval.
Operate in accordance with the Insurance Act, applicable actuarial and financial reporting standards, regulatory
in actuarial valuations, financial reporting and
investigations.
Exposure to regulatory reporting, actuarial governance, modelling and reporting systems.
Minimum 5 years of relevant actuarial
in life insurance, financial services or actuarial consulting.
Competencies
Technical Competencies
Financial Reporting and IFRS 17
Actuarial Valuation
Investigations
Data Analysis and Interpretation
Product Profitability and Pricing Analysis
Regulatory Reporting
Actuarial Modelling and Scenario Testing
Risk, Governance and Control Awareness
Behaviourial Competencies
Analytical Thinking
Attention to Detail
Commercial Acumen
Problem Solving
Accountability
Stakeholder Management
Planning and Organizing
Effective Communication
Team Collaboration
Continuous Improvement
Responsibilities
- Financial Reporting and Valuation
- Support delivery of statutory, regulatory and management actuarial valuations within agreed timelines.
- Coordinate assigned actuarial reporting processes and ensure results are accurate, complete, reconciled and appropriately documented.
- Prepare and review actuarial reports and inputs for monthly, quarterly and annual financial reporting cycles.
- Analyse actuarial results against prior periods, budgets, forecasts and business expectations and prepare clear movement commentary.
- Work with Finance to reconcile actuarial and financial reporting outputs and resolve differences on a timely basis.
- AIFRS 17 Reporting
- Produce, analyse and report IFRS 17 results and disclosures in accordance with approved methodologies and controls.
- Calculate and review Fulfilment Cash Flows, Risk Adjustment and Contractual Service Margin where applicable.
- Analyse movements in IFRS 17 balances and explain material drivers for management and financial reporting.
- Prepare actuarial information required for annual financial statements and external reporting.
- Support responses to IFRS 17 audit and stakeholder queries, maintaining complete working papers and evidence.
- Actuarial Liability Management
- Perform calculations and analysis supporting valuation of insurance liabilities for group and individual life business.
- Review actuarial assumptions and investigate variances in valuation results.
- Validate actuarial data, assumptions and valuation outputs and escalate material issues to the Manager, Capital Management and Reporting for review and approval routing.
- Monitor actuarial reserves and emerging
Requirements
- and internal policies.
- Support implementation of regulatory and reporting changes affecting assigned activities.
- Provide information to the external or appointed actuary and internal stakeholders through the Manager.
- Support responses to regulatory reviews and information requests.
- Data Governance and Quality Assurance
- Perform data validation, reconciliation and quality-assurance checks for actuarial reporting.
- Investigate and resolve data anomalies affecting calculations and reporting, escalating material or recurring issues.
- Maintain evidence of data checks, controls, exceptions and resolution.
- Recommend improvements to actuarial data quality, ownership and governance.
- Model Governance and Controls
- Maintain, test and enhance actuarial models used for valuation, pricing and financial reporting within approved access and change controls.
- Comply with model governance standards, documentation
- and independent review arrangements.
- Participate in model testing, validation and controlled implementation of changes.
- Identify and escalate model risks, limitations and control weaknesses.
- Investment-Linked Fund Administration Support
- Review unit pricing calculations and supporting controls in accordance with approved governance processes.
- Verify the accuracy and completeness of unit pricing information before submission through the approval process.
- Investigate pricing exceptions or discrepancies and document resolution.
- Adhere to established mandates, controls and escalation
- for investment-linked fund administration.
- Audit, Risk and Governance
- Support internal and external audits relating to actuarial and financial reporting activities.
- Implement assigned audit recommendations and corrective actions within agreed timelines.
- Identify, assess, document and escalate actuarial, reporting and operational risks.
- Maintain documentation supporting actuarial review, audit and regulatory inspection.
- Promote adherence to actuarial governance standards, company policies and internal controls.
- Collaboration and Continuous Improvement
- Work closely with Finance, Risk, Investments, Operations, IT and Data teams to deliver integrated and reliable reporting.
- Provide technical guidance to analysts or colleagues where delegated, without assuming formal people-management accountability.
- Identify opportunities to automate and simplify reporting while preserving appropriate review and controls.
- Maintain current technical knowledge and share relevant learning with the actuarial team.
- Qualifications
- Bachelor’s degree in actuarial science, Statistics, Mathematics, Engineering or a related quantitative discipline.
- Progress toward qualification with a recognised actuarial professional body such as IFoA, ASSA, SOA or equivalent.
- Minimum seven actuarial examinations pass or an equivalent level of progress toward professional qualification.
- Demonstrated