Senior Actuarial Manager Job Britam

Job Title: Senior Actuarial Manager

Date Posted: 07/07/2026

Job Type: Full Time

Employer: Britam

Industry: Insurance

Salary: Open

Location: Nairobi

Country: Kenya

Deadline: 20/07/2026

Summary:

Looking for an insurance job in Kenya? Britam is hiring a Senior Actuarial Manager skilled in actuarial modeling, financial reporting, risk management, and valuation.

Job Purpose:

Reporting to the Chief Actuary, the role holder will provide actuarial support to business and participate in overall risk management for the company. He/she is expected to lead and manage a team that is all rounded and highly motivated to achieve both their personal and career objectives.

Key responsibilities:

• Provide input into underwriting strategy and rules for Life Insurance entities across the Group.
• Analyse statistical data in order to determine rates for different risks in acceptance of proposals for new policies and products in conjunction with the underwriting department.
• Review the product performance with regards to their claims and expense experience and advise on appropriate pricing.
• Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy.
• Working with the risk and compliance department in the measurement quantification of operational risk in General Insurance entities.
• Provide leadership to the team in determining and calculating all Life insurance contract reserves.
• In charge of developing the Asset Liability Management framework for the Life Insurance entities, working closely with the wider Actuarial Team and the investment team to actualize the ALM framework.
• Coordinate the preparation of business plans/budgets and capital management initiatives for the life business.
• Provides input to the enterprise risk management by conducting stress and scenario testing, reviewing the risk appetite statements, etc.
• Ensuring compliance with IRA regulation and other relevant regulations.
• Supervising, mentoring and coaching staff under supervision.
• Work closely with the finance function, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements.
• Be highly conversant with IFRS 17 requirements and have the relevant skills to implement the new standard.
• Make presentations to management and board on the performance of the various Life Insurance entities, including financial impacts of actions taken by management and the board.
• Perform any other duties as may be assigned from time to time.

Knowledge, experience and qualifications required:

• University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency.
• 7-9 years of relevant actuarial experience in an actuarial function with a company with a similar maturity level as Britam.
• Fellow of the Institute of Actuaries or significant progress with exams from a recognized actuarial body.

Technical/ Functional competencies:

• Statistical techniques.
• Proficient knowledge on the insurance industry in Kenya.
• Knowledge of reinsurance arrangements and structures.
• Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)

How to Apply

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