Full Time
  • Full Time
  • Nairobi

Jubilee Insurance

Job Ref. No: JHIL084

Position: Senior Actuarial Analyst

Terms: Permanent

Company Overview

Jubilee Insurance was established in August 1937 as the first locally incorporated Insurance Company based in Mombasa. With a strong presence throughout the region, Jubilee Insurance is the largest Composite insurer in East Africa, offering Life, Pensions, General, and Medical Insurance. The company serves over 450,000 clients and holds ISO certification while being listed on the Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange, and Uganda Securities Exchange. Jubilee’s regional offices are recognized for leadership, quality, and risk management, having received AA ratings in Kenya and Uganda, and an A+ in Tanzania. For more information, visit

Role Purpose

As a Senior Actuarial Analyst within Jubilee Health Insurance Limited, you will be responsible for evaluating and providing expert advice on product development and pricing activities, risk modeling, reserving, data analytics, reinsurance arrangements, and compliance with statutory and regulatory requirements.

Main Responsibilities


  1. Advisory on Actuarial and Financial Risks: Provide guidance on the insurer’s actuarial and financial risks.
  2. Risk Modeling: Evaluate and advise on risk modeling, including the use of internal models where applicable.
  3. Actuarial Assumptions: Guide the selection of key actuarial assumptions.
  4. Insurance Contract Pricing: Determine pricing for insurance contracts.
  5. Product Development: Participate in product development, reviews, and advisory.
  6. Experience Monitoring: Monitor and analyze insurance experience.
  7. Data Analytics Support: Offer support in data analytics initiatives.
  8. Claims and Premium Liabilities Reserving: Responsible for reserving of claims and premium liabilities.
  9. Scenario and Sensitivity Testing: Conduct scenario and sensitivity testing.
  10. Reinsurance Adequacy: Provide guidance on the adequacy of reinsurance arrangements.
  11. Pricing Actuarial Analytics: Develop and track pricing actuarial analytics.
  12. Actuarial Reports: Maintain and develop effective actuarial reports of historical performance.
  13. IFRS 17 Implementation: Assist in the implementation of IFRS 17.
  14. Actuarial Reports Distribution: Maintain and distribute actuarial reports.

Corporate Governance

  1. Compliance: Ensure compliance with company policies, procedures, and regulatory guidelines.
  2. Confidentiality: Maintain confidentiality and handle sensitive information according to privacy laws and regulations.
  3. Ethical Standards: Adhere to ethical standards and professional conduct when dealing with confidential matters.


  1. Professional Development: Engage in ongoing professional development activities to enhance knowledge and skills.
  2. Effective Relationships: Foster effective working relationships with internal stakeholders.
  3. Accountability and Responsibility: Promote a culture of accountability and responsibility within the actuarial function.
  4. Customer Service: Serve as a role model for exceptional customer service and professionalism.
  5. Change Management: Assist in driving change initiatives and foster a culture of agility and continuous improvement.

Key Competencies

  1. Business Acumen
  2. Performance-Driven
  3. Market Awareness
  4. Good Interpersonal Skills
  5. Continuous Innovation
  6. Ownership & Commitment
  7. Team Spirit


  1. Bachelor’s Degree in Actuarial Science
  2. Proficiency in Microsoft Office Suite & Packages. Knowledge of programming languages will be a plus.
  3. Passed at least 5 Actuarial examinations.

Relevant Experience

Minimum of three (3) years’ relevant experience in a similar position.


If you are qualified and seeking an exciting new challenge, please apply via quoting the Job Reference Number and Position by 3rd August 2023.

EXPERT Tips To Be A Successful Applicant

  1. Tailor Your Resume: Highlight your relevant experience and achievements that align with the role’s requirements.
  2. Research the Company: Understand Jubilee Insurance’s values and mission to demonstrate genuine interest.
  3. Showcase Technical Skills: Emphasize your proficiency in actuarial software and programming languages.
  4. Demonstrate Analytical Abilities: Provide examples of your data analysis and risk modeling skills.
  5. Highlight Teamwork: Illustrate instances where you contributed effectively to a team project or collaborated with colleagues.
  6. Stay Updated: Familiarize yourself with current industry trends and developments.
  7. Be Professional: Present yourself professionally during the application process and interviews.
  8. Ask Questions: Prepare thoughtful questions about the company and the role to show your engagement.
  9. Follow Up: Send a thank-you email after interviews to express gratitude and reiterate your interest.

To apply for this job email your details to

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