Actuarial Assistant, Risk Officer Jobs in Kenya,May 2017




Pioneer Assurance Company Ltd,formally Pioneer General Assurance Society Ltd,was established in 1930 as the first company in Kenya to insure Africans.The Company’s registered office is situated at Pioneer House along Moi Avenue.

Over the years the Company has continued to provide Kenyans with financial security and peace of mind. It has stood strong to provide Insurance services in Kenya regardless of the many economic changes and difficulties that the country has gone through.

Actuarial Assistant

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Location Nairobi
  • Job Field Insurance

Responsibilities for the Actuarial Assistant Job

  • Actuarial Valuations – Coordinating with relevant departments in the preparation of valuation data for Individual Life, Group Life, DA & General business
  • Assist in calculation the technical reserves for the above lines of business, using appropriate actuarial methodology on a monthly basis
  • Assist in compiling regulatory valuation reports on a quarterly and annual basis
    Product Development – Assist in carrying out the following tasks relating to product development;
  • Pricing, profit & sensitivity testing for new or repackaged products
  • Compiling appropriate documentation required for regulatory approval
  • Liaise with consulting actuary to get certification for product design and profitability for the new or repackaged product
  • Set up new products in policy administration system
  • Experience Reviews: Review and monitor experience on products to inform decision making. In addition, perform experience reviews to inform assumptions used in product pricing and actuarial valuations. These reviews include but not limited to Expense analysis, Investment return, Persistency Investigations, mortality, sales performance and adequacy of valuation bases.
  • Analysis: Perform analysis on industry trends & market to inform decision making on a quarterly basis
  • Calculate the required capital under the new Risk Based Capital regime
  • Any other duty that may be assigned from time to time

Qualifications for the Actuarial Assistant Job

  • A university degree in Actuarial Science
  • At least 5 professional actuarial papers from Institute of Actuaries or society of Actuaries
  • Work Experience in a busy actuarial department will be an added advantage

Risk Officer

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience3 years
  • Location Nairobi
  • Job Field Finance / Accounting / Audit

Overall Responsibility

To partner with management in providing continual risk assessment and in development of comprehensive policies and procedures in compliance training, internal investigations, and risk management strategies:-

Responsibilities for the Risk Officer Job

  • Evaluate the strategies, policies, standards, procedures and related practices for the management, and recommend appropriate changes.
  • Other tasks related to strategy
  • Proactively contribute to systems design, planning and development with particular emphasis on systems security and controls.
  • Evaluate business systems and processes to ensure that risks are managed in accordance with the organization’s business objectives.

Qualifications for the Risk Officer Job

  • A university degree in Arts/Business Administration/Commerce or any relevant field
  • Progressive ACII or papers from Institute of Risk Management
  • 3 years’ work Experience in a risk department will be an added advantage


How to Apply

To Apply, Kindly send your application to [email protected]