Madison Life Assurance Kenya Limited, a subsidiary of Madison Group Limited, is a well-known provider of life assurance, group schemes and pension administration in Kenya. The Group also provides through two other subsidiaries, general insurance underwriting as well as fund management services.
The Company is recruiting for the position of Actuarial Analyst reporting to the Actuarial Products Associate. The job holder will be based at its Head Office in Madison House, Nairobi.
Key Responsibilities
- Perform timely and accurate monthly actuarial valuations under IFRS 17.
- Conduct experience analyses on mortality, lapses, expenses, and investment returns to investigate deviations and update assumptions.
- Provide projections for liabilities, premiums, claims, and investment income aligned with business strategy and observed experience.
- Support regulatory reporting with accurate inputs and ensure compliance with internal procedures and audit requirements.
- Monitor actual experience against budgets and advise on deviations and business implications.
- Maintain ongoing professional development toward actuarial qualifications.
- Perform additional actuarial analyses as required by the business.
- Other duties as may be assigned by the Actuarial Associate from time to time.
Academic and Professional Qualifications required
- University Degree in Actuarial Science.
- One-year experience in an Actuarial function.
- Candidate must have passed at least One Actuarial Professional Exams.
Key Competencies
- Proficient in Excel, Prophet, Python, and/or R.
- Strong analytical and problem-solving skills.
- Good communication skills.
- Ability to work well in a team.
How to Apply
Qualified candidates are requested to forward their CV and Cover letter to hr_recruitment@madison.co.ke not later than 12th March 2026 stating the Role as the Subject of the email.