Actuarial Associate Job In Nairobi, Kenya 2025 (2500001A)

Essential Job Details

Position Title: Actuarial Associate (Ref: 2500001A)
Location: Nairobi, Kenya
Employment Type: Full-time
Number of Vacancies: 1
Salary: Competitive (to be disclosed upon application)
Category/Department: Actuarial Unit
Reporting To: Actuarial Manager
Application Deadline: July 21, 2025

Introduction

An exciting actuarial associate job in Nairobi, Kenya awaits a driven professional eager to launch their career in the dynamic insurance sector. This entry-level position offers a unique opportunity to contribute to critical financial processes, including data analysis, liability valuation, and business projections, while making a tangible impact on organizational success. Designed for individuals with a strong mathematical foundation, this role is perfect for those seeking to apply their analytical skills in a fast-paced environment, supporting Kenya’s growing insurance industry. Whether you’re a recent graduate or an aspiring actuary, this position provides a platform for professional growth and hands-on experience in actuarial science.

About Britam

Britam is a leading diversified financial services group in Kenya, offering innovative insurance, investment, and asset management solutions across East Africa. With a strong presence in Nairobi and operations spanning multiple countries, Britam is committed to delivering value to its clients while fostering sustainable growth. Renowned for its expertise in the insurance industry, the organization has earned recognition for its customer-centric approach and operational excellence. Employing a team of dedicated professionals, Britam plays a pivotal role in shaping the financial landscape in Kenya, providing opportunities for career development in a supportive and innovative environment.

Key Responsibilities

The actuarial associate job in Nairobi, Kenya involves a range of critical tasks that support the actuarial unit’s objectives. Key responsibilities include:

Coordinate with assigned business segments to prepare accurate valuation data for financial reporting.
Calculate precise insurance technical liabilities on a monthly basis to support financial reporting requirements.
Conduct reserve adequacy tests and prepare detailed reports on valuation results for internal stakeholders.
Compute solvency metrics monthly to ensure compliance with regulatory standards.
Perform experience investigations, including expense analysis, product portfolio performance, and intermediary loss ratio reports.
Prepare input data for annual business planning, strategy reviews, capital management, and solvency purposes.
Execute stress and scenario testing on business projections to assess financial resilience.
Collaborate with assigned segments to compile data for management and board reports.
Exercise delegated authority as outlined in the approved authority matrix.
Support the actuarial team in delivering timely and accurate outputs to meet organizational goals.

These responsibilities ensure the actuarial associate job in Nairobi, Kenya plays a vital role in maintaining financial accuracy and supporting strategic decision-making within the organization.

Qualifications and Skills

To excel in this actuarial associate job in Nairobi, Kenya, candidates must meet the following qualifications and demonstrate key competencies:

Required Qualifications

University Degree in Actuarial Science, Statistics, Mathematics, Physics, Engineering, Economics, or a related field with a strong emphasis on mathematical proficiency.
Progress in Institute of Actuaries examinations, with at least one paper completed.
Entry-level experience, making this role ideal for recent graduates or early-career professionals.

Technical and Functional Competencies

Statistical Techniques: Strong ability to apply statistical methods to analyze data and derive actionable insights.
Insurance Industry Knowledge: Proficient understanding of the insurance sector in Kenya, including market trends and regulatory requirements.
Reinsurance Expertise: Familiarity with reinsurance arrangements and structures.
Programming Skills: Knowledge of statistical packages or programming languages such as SAS or Visual Basic.
Database Management: Proficiency in managing and manipulating databases to support actuarial analysis.
Analytical Proficiency: Ability to interpret complex data sets and present findings clearly to stakeholders.
Communication Skills: Strong interpersonal and written communication abilities to collaborate with cross-functional teams.

These qualifications ensure candidates are well-equipped to handle the demands of the actuarial associate job in Nairobi, Kenya, contributing to the organization’s financial and strategic objectives.

Company Culture and Values

Britam fosters a culture of innovation, collaboration, and excellence. The organization is committed to empowering its employees through continuous learning and professional development opportunities. With a focus on diversity and inclusion, Britam promotes a supportive work environment where individuals are encouraged to take initiative and contribute to meaningful projects. The company’s values emphasize integrity, accountability, and a commitment to delivering impactful solutions that benefit clients and communities across Kenya. Employees in the actuarial associate job in Nairobi, Kenya will thrive in a dynamic setting that values analytical rigor and teamwork.

How to Apply

Apply now for the actuarial associate job in Nairobi, Kenya (Ref: 2500001A). To submit your application:

Prepare the following documents:
- Updated CV highlighting your academic qualifications and any relevant experience.
- Cover letter detailing your interest in the role and how your skills align with the job requirements.
- Copies of academic certificates and proof of progress in Institute of Actuaries examinations.
Submit your application via the official application portal: Apply for the Actuarial Associate Job.
Ensure the job title and reference number (2500001A) are included in your application.
Application Deadline: July 21, 2025.

Britam is an equal opportunity employer. Only shortlisted candidates will be contacted. For inquiries, please contact the hiring company directly, as JobKenya.org is not responsible for processing applications.

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actuarial associate job in Nairobi Kenya, insurance jobs in Kenya, entry-level jobs in Kenya, actuarial science jobs, Nairobi job vacancies

Detailed Role Overview

The actuarial associate job in Nairobi, Kenya is a critical entry-level position within the actuarial unit of a leading financial services organization. This role is designed for individuals passionate about applying mathematical and statistical expertise to solve real-world challenges in the insurance industry. By focusing on data analysis, liability valuation, and business projections, the actuarial associate contributes to the organization’s financial stability and strategic growth. This position is ideal for candidates who thrive in analytical roles and are eager to build a career in Kenya’s dynamic insurance sector.

Why Pursue This Opportunity?

The actuarial associate job in Nairobi, Kenya offers a unique blend of technical challenges and professional growth opportunities. As an entry-level role, it provides a strong foundation for aspiring actuaries to develop their skills while working on impactful projects. The position involves close collaboration with cross-functional teams, offering exposure to various aspects of the insurance business, from financial reporting to strategic planning. Candidates will gain hands-on experience with tools like SAS, Visual Basic, and database management systems, enhancing their technical proficiency and marketability.

Career Growth and Development

This actuarial associate job in Nairobi, Kenya serves as a launchpad for long-term career success in actuarial science. The role provides opportunities to:

Develop Expertise: Gain in-depth knowledge of insurance technical liabilities, solvency calculations, and experience investigations.
Enhance Skills: Build proficiency in statistical techniques and programming tools widely used in the industry.
Advance Professionally: Progress toward completing Institute of Actuaries examinations with support from a leading employer.
Contribute to Impactful Projects: Play a key role in financial reporting and business planning, directly influencing organizational outcomes.

The organization’s commitment to employee development ensures that individuals in this role receive the support needed to grow into advanced actuarial positions.

The Role in Context: Kenya’s Insurance Industry

Kenya’s insurance sector is a rapidly growing field, driven by increasing demand for financial services and regulatory advancements. The actuarial associate job in Nairobi, Kenya positions candidates at the heart of this dynamic industry, where they can contribute to innovative solutions that address the needs of diverse clients. Nairobi, as a financial hub, offers a vibrant environment for professionals to network and grow, making this role an excellent opportunity for those looking to establish themselves in the sector.

Day-to-Day Responsibilities

The actuarial associate job in Nairobi, Kenya involves a structured yet dynamic workload. A typical day may include:

Data Preparation: Working with assigned business segments to gather and validate data for actuarial valuations.
Analysis and Reporting: Calculating technical liabilities and preparing reports for monthly financial submissions.
Solvency Monitoring: Conducting solvency calculations to ensure compliance with regulatory requirements.
Experience Investigations: Analyzing expense trends, product performance, or intermediary loss ratios to inform business decisions.
Collaboration: Engaging with team members to compile data for management and board reports, ensuring accuracy and timeliness.

These tasks require a keen eye for detail, strong analytical skills, and the ability to work under tight deadlines, making the role both challenging and rewarding.

Skills Development Opportunities

The actuarial associate job in Nairobi, Kenya offers significant opportunities to enhance technical and professional skills. Candidates will:

Master Statistical Tools: Gain proficiency in statistical packages like SAS and Visual Basic, widely used in actuarial analysis.
Improve Data Management: Develop expertise in handling large datasets and maintaining database integrity.
Enhance Communication: Build strong interpersonal skills through collaboration with cross-functional teams and reporting to senior management.
Understand Reinsurance: Gain insights into reinsurance structures, a critical component of the insurance industry.

These skills are highly transferable, positioning candidates for future roles in actuarial science, data analysis, or financial management.

Work Environment

The actuarial associate job in Nairobi, Kenya is based in a professional and collaborative office environment in Nairobi. The organization emphasizes teamwork, encouraging employees to share ideas and contribute to innovative solutions. With a focus on work-life balance, the role offers a structured workday with opportunities to engage in meaningful projects that align with the company’s mission of delivering financial security to clients.

Why Nairobi?

Nairobi is a vibrant hub for financial services in East Africa, offering a dynamic environment for professionals in the actuarial associate job in Nairobi, Kenya. The city’s growing economy and status as a center for innovation make it an ideal location for career starters. With access to professional networks, training programs, and industry events, Nairobi provides a supportive ecosystem for actuarial professionals to thrive.

Application Tips

To stand out for the actuarial associate job in Nairobi, Kenya, candidates should:

Tailor Your CV: Highlight relevant academic achievements, progress in actuarial exams, and any experience with statistical tools or data analysis.
Craft a Compelling Cover Letter: Emphasize your passion for actuarial science and how your skills align with the role’s requirements.
Prepare for Interviews: Be ready to discuss your understanding of the insurance industry, statistical techniques, and problem-solving abilities.
Submit Early: Apply well before the July 21, 2025, deadline to ensure your application is reviewed.

Commitment to Equal Opportunity

The organization hiring for the actuarial associate job in Nairobi, Kenya is an equal opportunity employer, committed to fostering a diverse and inclusive workplace. Candidates from all backgrounds are encouraged to apply, and selections will be based on merit and alignment with the role’s requirements.

Additional Information

The actuarial associate job in Nairobi, Kenya is a permanent position, offering stability and long-term career prospects. The role operates on a standard day shift, with occasional requirements for overtime during peak reporting periods. Candidates should be prepared to work in a fast-paced environment where accuracy and attention to detail are paramount.

Why Choose This Role?

The actuarial associate job in Nairobi, Kenya is more than just a job—it’s a gateway to a rewarding career in one of Kenya’s most critical industries. By joining this organization, you’ll:

Contribute to financial stability and strategic growth.
Work with cutting-edge tools and methodologies.
Build a foundation for a successful actuarial career.
Engage with a team dedicated to excellence and innovation.

This role is an excellent fit for individuals who are passionate about numbers, problem-solving, and making a difference in the insurance sector.

Final Note

The actuarial associate job in Nairobi, Kenya (Ref: 2500001A) is a rare opportunity to join a leading financial services organization at the start of your career. With a competitive salary, a supportive work environment, and opportunities for growth, this role is ideal for ambitious professionals ready to make their mark. Apply today to take the first step toward a fulfilling career in actuarial science.