Junior Actuarial Analyst – Life Business at Old Mutual

by Old Mutual Kenya

in Actuarial Science
Full Time
Nairobi, Kenya
October 15, 2026

Job Overview

  • Date Posted
    October 15, 2026
  • Location
    Nairobi, Kenya
  • Expiration date
    December 14, 2026
  • Experience
    2 Years
  • Gender
    Both
  • Qualification
    Bachelor Degree

Job Description

Job Description

Supports the Life actuarial function in delivering accurate valuations, IFRS 17 and solvency reporting, actuarial analysis and financial modelling, while providing technical insight to support management decisions, regulatory requirements and effective management of the Life business.

KEY TASKS AND RESPONSIBILITIES

  • Technical Actuarial Support: Assist with conducting and reviewing internal actuarial liability valuations for relevant insurance subsidiaries, IFRS 17 valuations, analysis of profitability/surplus, and calculation and analysis of embedded value using Prophet and MS Excel for OM Life entities
  • Experience Investigations: Assist with profitability analysis, experience analysis and other relevant actuarial investigations to inform business decisions
  • Solvency and Capital Management: Assist with solvency computations for the entity on a risk-based capital basis, including solvency stress tests
  • Financial Modelling: Assist with financial modelling of business scenarios/projects to inform business decision-making
  • System Support: Assist with management of the Life Systems – Prophet, Thought Express, OIPA, etc
  • Business Planning Support: Assist with business planning financial projections and solvency projections for the life entities. Perform stress and scenario analysis on the plan numbers
  • Reinsurance Support: Support with carrying out reinsurance analyses and reinsurance optimisation
  • Reporting and Documentation: Present results and reports to businesses and subsidiary board committees. Prepare Board papers and regulatory solvency and valuation reports
  • Risk Management Support: Assist the Business Units and Risk Department in identifying and quantifying risk, including insurance, market and credit risks, where appropriate
  • Investment Strategy Support: Develop/formulate appropriate investment strategies and/or review and monitor investment strategies including Unit Pricing support and BSA management
  • Other Reasonable Duties: Perform other reasonable duties that may be assigned by supervisors/management

SKILLS AND COMPETENCIES

  • Analytical skills
  • Data handling knowledge
  • Business awareness
  • Problem-solving skills
  • Communication and presentation skills
  • Ability to prioritise and work on a wide range of deliverables at once
  • Ability to work under minimal supervision
  • Good interpersonal skills
  • Proficiency in Microsoft Office packages

KNOWLEDGE & EXPERIENCE

  • Strong actuarial technical skills
  • Knowledge of Prophet software or other reserving software
  • Strong analytical skills
  • Strong data programming skills
  • Foundational knowledge of the current insurance regulations, capital markets and other relevant guidelines

QUALIFICATIONS

  • Bachelor of Actuarial Science
  • Minimum 2-5 years of relevant technical experience
  • Actuarial knowledge, demonstrated through progress with actuarial examinations

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