Tuesday, March 13, 2012

ACTUARIAL ASSISTANT JOB IN CIC GROUP KENYA

CIC Insurance Group is the leading Co-operative insurer in Africa and one of the top three insurance companies in the country. Recently the group has ventured into Asset Management; currently CIC has businesses operating all over Kenya with 19 branches. In order to execute it ambitious growth and expansion strategy, CIC wishes to recruit high caliber individuals to fill the following positions:

ACTUARIAL ASSISTANT Ref No: HRD-03/10/2012

Duties & Responsibility

Responsible for actuarial aspects relating to the computation of insurance premium rates and the valuation of liabilities.
Responsible for reviewing and advising on the adequacy of statutory reserves for incurred but not reported claims
Responsible for the designing and pricing of insurance products, valuation reports in conjunction with the product development team and the consulting actuaries

Responsible for reviewing and repackaging of existing insurance products in order to assess the adequacy of premium rates and recommend remedial measures to make them profitable
Carrying out project appraisals, identifying risks associated with the projects and recommending ways of managing the identified risks
Responsible for the review in the adequacy of the reinsurance arrangements in place on an annual basis
Responsible for continuous mortality and morbidity investigations for the company in order to review the life and medical underwriting standards and premium rates to ascertain their adequacy and equity
Guide the various departments in developing and maintaining business statistics and other technical aspects requiring actuarial application
Responsible for analysis of competitors’ products and suggest areas of improvement/enhancement on our product portfolio

Requirements

Degree in Actuarial Science
Progress in Professional Actuarial Papers with at least 2 exams passed
Working experience of a minimum of 1 year in an actuarial or insurance position
Computer knowledge
Good communication skills
Good analytical, Planning & organizing skills
Strong team player
Ability to work independently or with minimal supervision
Expertise in Microsoft Office
Expertise in at least one statistical software

If you meet the above requirements and consider yourself up to the challenge, please email your application and a copy of your CV clearly indicating the reference number as the subject on your email e.g: Management Trainee – Ref No: HRD-03/6/2012- -: to the.

THE GROUP HUMAN RESOURCE MANAGER
CIC INSURANCE GROUP LTD
PO BOX 59485-00200
NAIROBI
Email: recruitment@cic.co.ke

The application should reach us by close of business on 23TH March, 2012. Please note only shortlisted candidate will be contacted. If you do not hear from us by 9th April 2012 consider yourself unsuccessful.