Actuarial Specialist Job Liberty Life

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Job Summary

The job holder will be responsible for providing actuarial and data analytics support to the medical/health business and participate in overall risk management for the company.

Key Responsibilities

• Actuarial valuations: Assist in the accurate calculation & monitoring of technical reserves using appropriate actuarial methodology and assumptions for financial reporting, regulatory reporting and group reporting.
• Assist in the implementation of key actuarial analytics on various trends that will inform product restructure, new product features and cost control measures for medical products.
• Monitor and investigate underwriting & claims experience and recommend pricing adjustments based on medical trends and benefit utilization.
• Assist with data validation, including checking internal consistency of data, and reviewing quality of supplied data.
• Prepare actuarial dashboards and performance reports that guide strategic decisions on pricing,product offering and track financial outcomes.
• Provide feedback to management, ICT and other relevant stakeholders regarding analysis performed.
• Provide analysis to support the application of appropriate reinsurance arrangements.
• Make business recommendations based on market needs, existing product performance, and competitor analysis, in order to increase sales volume and profitability.
• Strategy and Business Planning Support; assist with business planning financial projections,expense analysis and solvency projections for the Medical business unit.
• Support design, pricing and set-up of new and existing products in the administration system.
• Product Profitability Review; Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
• Project involvement for running projects that may require actuarial input.

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Qualifications

• BSc. Actuarial Science, Statistics, Mathematics or related qualification
• Progress in professional actuarial qualification (at least 4-6 papers with IFOA/SOA/Any other recognized actuarial body)

Experience

• At least 4 years’ work experience in medical/health insurance or similar experience in a reputable organization

Competencies

• Timeliness in preparation and submission of reports
• Quality and accuracy of calculations and actuarial information
• Computer literacy with emphasis on MS Excel
• Knowledge of International Financial Reporting Standards
• Accounting knowledge
• Statistical techniques
• Proficient knowledge on medical/health insurance in Kenya
• Knowledge of reinsurance arrangements and structures
• Knowledge of statistical packages or programming (e.g. R, Python)
• Database management systems

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How to Apply

If you meet the above requirements, you are encouraged to forward your application and updated CV to hr@libertylife.co.ke by 30th January 2026. Clearly state the job title on the subject heading.