Essential Job Details

• Position Title: Actuarial Analyst
• Company: APA Life
• Location: Head Office, Nairobi, Kenya
• Employment Type: Permanent
• Job ID: oxB3gpQaaO
• Date Added: June 27, 2025
• Application Deadline: July 13, 2025
• Category/Department: Actuarial Services
• Reporting To: Actuarial Manager or Head of Actuarial

Introduction

APA Life is recruiting an Actuarial Analyst for its Head Office in Nairobi, Kenya, starting in 2025. Added on June 27, 2025, this permanent role supports actuarial responsibilities, including IFRS 17 valuation, pricing, capital modelling, and performance reporting for Ordinary Life, Group Risk, Pension, Deposit Administration, and Income Draw Down policies. Ideal for a detail-oriented professional with 2+ years of actuarial experience, this position offers a chance to grow within a leading insurance provider in Nairobi, a hub for financial services in East Africa, with a deadline of July 13, 2025.

About APA Life

APA Life is a prominent insurance company based in Nairobi, Kenya, delivering a wide range of life insurance and pension products to meet diverse customer needs. Operating from its Head Office, APA Life focuses on financial stability and innovative solutions, managing portfolios that include Ordinary Life, Group Risk, Pension, Deposit Administration, and Income Draw Down policies. As an Actuarial Analyst, you’ll contribute to the company’s mission of providing reliable actuarial support, aligning with Kenya’s growing insurance sector and regulatory standards.

Key Responsibilities

• Financial & Regulatory Reporting:
  • Support the production and review of IFRS 17 valuation results and disclosures
  • Assist in preparing statutory filings per Insurance Regulatory Authority (IRA) requirements and internal management reports (e.g., VNB, VIF, EV)
  • Collaborate with the finance team to align actuals vs. budget and improve monthly close efficiency
• Experience Monitoring:
  • Assist in periodic claims experience analyses to guide pricing and reserving assumptions
  • Provide actionable recommendations to management based on analyses
• Capital Modelling:
  • Run capital adequacy assessments under local solvency regulations
  • Assist in producing Capital Adequacy reports with recommendations
• Pricing & Product Development:
  • Price new individual and group life products, ensuring profitability, competitiveness, and compliance
  • Support enhancements to pricing tools and profitability testing models
• Budgeting & Strategy Actuarial Inputs:
  • Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning
  • Work closely with the finance team to ensure successful budgeting and strategic planning

Qualifications and Skills

• Education: Bachelor’s degree in Actuarial Science or related field; a master’s degree in actuarial management is an added advantage
• Professional Qualifications: Progress toward actuarial qualification (minimum 4 papers)
• Experience: Minimum 2 years of actuarial experience, preferably in life insurance; experience with IFRS 17 valuation, VIF, VNB, Embedded Value, and Asset-Liability Management is an advantage
• Technical Skills:
  • Proficient in actuarial modelling tools (e.g., Basys, RiskIntegrity, Advanced Excel, Excel VBA, Python, R)
  • Advanced analytical skills and business insight
  • Familiarity with Power BI or other dashboarding tools is a plus
• Behavioural Attributes:
  • Strong attention to detail and commitment to accuracy
  • Ability to manage multiple deadlines and priorities with minimal supervision
  • Effective communicator (written and verbal) with stakeholders at all levels
  • Mentorship mindset and collaborative team player

Company Culture and Values

APA Life fosters a professional and innovative culture, emphasizing accuracy, collaboration, and strategic growth in the insurance sector. The company values actuarial excellence and regulatory compliance, creating a supportive environment for analysts to develop their skills. As an Actuarial Analyst, you’ll contribute to a team dedicated to delivering reliable financial solutions, aligning with Nairobi’s reputation as a financial hub in Kenya.

How to Apply

Apply now for the Actuarial Analyst position. Submit your application via Apply for Actuarial Analyst Jobs at APA Life. Applications must be received by July 13, 2025. Only shortlisted candidates will be contacted. APA Life is committed to equal opportunity, encouraging qualified candidates to apply. For assistance, contact APA Life’s HR team through their official channels (no email provided).

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Tags

actuarial analyst, APA Life jobs, Nairobi job opportunities, insurance careers, actuarial science roles

Why Choose This Actuarial Analyst Role?

A Key Role in Insurance Actuarial Services

The Actuarial Analyst position at APA Life offers a chance to support critical actuarial functions in Nairobi, Kenya. This permanent role involves IFRS 17 valuation, pricing, and capital modelling for a diverse portfolio, making it ideal for professionals with 2+ years of experience in life insurance. With Nairobi as a financial hub, this role provides exposure to regulatory standards and career growth in a leading insurance firm.

The Insurance Sector in Nairobi

Nairobi is a growing center for insurance in East Africa, driven by regulatory advancements like IFRS 17 and a demand for actuarial expertise. APA Life leverages this market to serve clients with innovative products, making the Actuarial Analyst role essential to maintaining financial stability and compliance.

Career Benefits of the Role

This Actuarial Analyst position offers:

• Technical Growth: Develop skills in IFRS 17 and actuarial modelling
• Regulatory Exposure: Work with IRA requirements and statutory filings
• Collaborative Environment: Partner with finance and management teams
• Career Advancement: Build a foundation for senior actuarial roles
• Impactful Work: Support product development and capital adequacy

The role provides a platform for professional development in actuarial science.

Day-to-Day Responsibilities in Detail

As an Actuarial Analyst, your daily tasks will include:

• Valuation Support: Review IFRS 17 results and disclosures
• Reporting: Prepare statutory filings and internal reports (e.g., VNB, VIF)
• Analysis: Conduct claims experience and capital adequacy assessments
• Pricing: Assist in pricing new products and enhancing tools
• Budgeting: Provide actuarial inputs for planning and budgeting
• Collaboration: Work with finance to align budgets and strategies

These tasks ensure robust actuarial and financial oversight.

Technical and Soft Skills Development

The Actuarial Analyst role hones a range of skills, including:

• Actuarial Tools: Master Basys, RiskIntegrity, Python, and Excel VBA
• Analytical Skills: Analyze data for pricing and reserving
• Communication: Present findings to stakeholders clearly
• Time Management: Handle multiple deadlines efficiently
• Teamwork: Collaborate and mentor within a team
• Attention to Detail: Ensure accuracy in valuations and reports

These skills are transferable to actuarial, finance, and insurance roles.

Why Nairobi?

Nairobi, a financial and insurance hub, is an ideal location for the Actuarial Analyst role. Its strategic position and growing insurance market offer networking opportunities and a dynamic professional environment, placing you at the center of Kenya’s financial sector.

Industry Trends in Actuarial Services

Kenya’s insurance sector is evolving with IFRS 17 adoption, increased capital modelling, and digital tools like Power BI. The demand for skilled actuaries to support pricing and regulatory compliance is rising. As an Actuarial Analyst, you’ll lead these trends, enhancing APA Life’s actuarial capabilities.

Application Tips

To stand out for the Actuarial Analyst role:

• Highlight Education: Emphasize your degree in actuarial science
• Showcase Experience: Detail 2+ years in life insurance
• Include Skills: Mention proficiency in actuarial tools and IFRS 17
• Tailor Your Application: Focus on analytical and communication skills
• Submit Early: Apply by July 13, 2025, via Apply for Actuarial Analyst Jobs at APA Life

Work Environment and Culture

APA Life offers a professional and collaborative work environment, valuing accuracy and innovation. As an Actuarial Analyst, you’ll work with a supportive team, contributing to strategic goals under minimal supervision. The company fosters a culture of mentorship and growth.

How This Role Contributes to Kenya’s Economy

By joining APA Life as an Actuarial Analyst, you’ll support the financial stability of insurance products, contributing to Kenya’s economic growth. Your work aligns with Vision 2030 goals for a robust financial sector, enhancing insurance penetration and customer trust.

Networking and Professional Growth

The Actuarial Analyst role offers connections with actuaries, finance professionals, and regulators in Nairobi. Engaging with the Actuarial Society of Kenya can boost your career prospects. APA Life’s prominence provides a platform to build a strong professional network.

Final Call to Action

Don’t miss the opportunity to join APA Life as an Actuarial Analyst in Nairobi. Apply by July 13, 2025, via Apply for Actuarial Analyst Jobs at APA Life. Strengthen APA Life’s actuarial function and advance your career in Kenya’s thriving insurance industry.