# Assistant Manager – Actuarial Services Job Madison Group, Nairobi, Kenya

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Company: Madison Group, Nairobi, Kenya

Category: Administration & Office Support

Location: Kenya

Work type: Full-time

Work arrangement: On-site

Published: 2026-08-10

Expires: 2026-09-24

## Job Description

### Overall Responsibility

- The job holder will be responsible for performing actuarial analyses, developing models and providing insights that support sound business decision-making while ensuring compliance with applicable actuarial standards and regulatory requirements.

### Key Responsibilities

- Lead the preparation of monthly, quarterly and annual actuarial valuations, including reserve adequacy assessments and technical reserve monitoring. 

- Prepare actuarial reports for Management, Board Committees, regulators, and other stakeholders. 

- Support the preparation of IFRS 17 financial results, disclosures and Financial Condition Reports (FCR).

- Prepare actuarial assumptions and IFRS 17 projections to support the Company’s budgeting, forecasting, business planning, and strategic decision-making. 

- Perform capital modelling, stress testing, solvency assessments and capital optimization analyses. 

- Prepare and submit statutory actuarial reports and regulatory returns within prescribed timelines. 

- Coordinate actuarial audits, including data preparation, assumption setting, validation of valuation results, and implementation of audit recommendations. 

- Liaise with the Insurance Regulatory Authority (IRA), external auditor, appointed actuary, and other stakeholders.

- Conduct business experience investigations, profitability analyses, pricing reviews, and portfolio performance monitoring. 

- Develop, maintain and enhance actuarial models, predictive pricing models, dashboards, and reporting tools. 

- Provide actuarial advice and technical support to Underwriting, Claims, Finance, Reinsurance, Risk, and Executive Management. 

- Present actuarial analyses and recommendations to management and Board Committees to support business decisions.

- Supervise, mentor and develop junior actuarial staff.

- Ensure compliance with IFRS 17, actuarial standards of practice, Insurance Act requirements, IRA regulations, and internal governance policies. 

Knowledge, Skills & Experience

- Minimum of 4–6 years’ relevant actuarial experience in the insurance or financial services industry.

- Relevant experience in life, general, or health insurance.

- Demonstrated experience in actuarial modelling, pricing, reserving, financial reporting and/or risk management.

- Technical actuarial expertise.

- Analytical and problem-solving skills.

- Leadership and people management.

- Business acumen and stakeholder management. 

- Communication and professionalism.

Academic and Professional Qualifications required

- Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or a related quantitative discipline.

- Progress towards qualification in either Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (SOA).

- A member of Actuarial Society of Kenya.

- Sound knowledge of IFRS 17 and its application in insurance valuation, financial reporting, actuarial modelling and regulatory compliance.

### How to Apply

Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email: hr_recruitment@madison.co.ke so as to be received by Friday 21st August, 2026.

## Requirements

Apply by email: hr_recruitment@madison.co.ke

## Apply

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