Intermediate Actuarial Valuation Specialist, Life
AI summary
Old Mutual Kenya is hiring an Intermediate Actuarial Valuation Specialist, Life in Nairobi to support the actuarial team with reserving, pricing, solvency, financial modeling, and reporting. The role requires a Bachelor's degree in Actuarial Science or related field, at least 5 years of actuarial experience, and progress in actuarial examinations. Applications are open until 2026-10-09.
- Role based in Nairobi with Old Mutual Life Kenya actuarial team
- Requires Bachelor's in Actuarial Science or related finance/math degree
- Minimum 5 years actuarial experience and at least 7 actuarial exam papers
- Key duties include valuations, solvency, pricing, and financial modeling
- Application deadline is 2026-10-09
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AI salary guide
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- 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 internship, finance, ActuaryThe 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 Intermediate Actuarial Valuation Specialist, Life evidence in the first half of your CV.
- In your cover letter or employer message, connect your experience to Old Mutual Kenya and the role in Nairobi.
- Add concrete examples related to internship, finance, Actuary, ideally with measurable outcomes or clear responsibilities.
- Follow the instructions from Opened Career Kenya; avoid sending documents to unofficial contacts or copied links.
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Source and safety check
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Interview preparation
- What experience makes you a strong fit for this Intermediate Actuarial Valuation Specialist, Life role in internship, finance?
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- Prepare examples with clear responsibilities, tools used and measurable outcomes.
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Original source description
- 2026-08-10
- Nairobi
- ,
- KENYA
- Expiration date
- 2026-10-09
- 5+ Years
- Gender
- Both
- Qualification
- Bachelor Degree
- Job Description
- Job Description
- This role involves working as part of the Actuarial Team within Old Mutual Life Kenya to support the Senior Valuations Specialists and Head of Life Actuarial/Senior Management/Boards with the following:
- Ensure provision of Actuarial Services to Old Mutual Life Kenya by working closely with the Business Entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews,
Experience
reviews and solvency and capital management
Conducts accuracy checks, and analyses data to draw conclusions and make recommendations
Generate actuarial reports on various technical issues to Head of Actuarial, Senior Management and Board of Directors.
KEY TASKS AND
Investigations: Perform profitability analysis,
analysis, and other relevant actuarial investigations to inform business decisions
Product Profitability Review: Perform profitability analysis,
analysis, and other relevant actuarial investigations for Old Mutual to inform business decisions
Solvency and Capital management: Carry out solvency computation for the BUs on a risk-based capital basis including solvency stress tests
Financial Modeling: assist with financial modeling of business scenarios/projects to inform business decision making
Strategy and Business Planning Support: assist with business planning financial projections and solvency projections for the Business Units. Perform stress and scenario analysis on the plan numbers
Reinsurance Support: Carry out a reinsurance analysis for the Life Kenya subsidiaries to explore ways to optimize on reinsurance arrangements
Reporting and Documentation: Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports
Risk Management support: assist the Life Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Formulate appropriate risk mitigation measures for the BUs and develop a risk register for an enterprise in CURA (Risk System)
Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for Old Mutual Life businesses
Other reasonable duties that may be assigned by management
SKILLS AND COMPETENCIES
Analytical Skills
Data Handling knowledge
Business Awareness
Problem Solving Skills
Communication and Presentation skills
Ability to prioritize and work on a wide range of deliverables at once
Working under minimal supervision
Good interpersonal skills
Proficiency in Microsoft office packages
KNOWLEDGE &
IFRS17 Knowledge
Familiar with the current Insurance regulations, Capital markets and Central Bank regulations
Strong actuarial technical skills
Strong analytical skills
Strong data programming skills
QUALIFICATIONS
Bachelor of Actuarial Science or other related finance or mathematics degree
Minimum 5 years actuarial
Actuarial Knowledge: Show progress with actuarial examinations, Minimum 7 papers from a recognized actuarial body
Responsibilities
- Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries and analysis of profitability/surplus
- Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report