Actuarial Specialist at Liberty Kenya

Job Summary

The job holder will be responsible for providing actuarial and data analytics support to the medical/health business and participate in overall risk management for the company.

Key Responsibilities

• Actuarial valuations: Assist in the accurate calculation & monitoring of technical reserves using appropriate actuarial methodology and assumptions for financial reporting, regulatory reporting and group reporting.
• Assist in the implementation of key actuarial analytics on various trends that will inform product restructure, new product features and cost control measures for medical products.
• Monitor and investigate underwriting & claims experience and recommend pricing adjustments based on medical trends and benefit utilization.
• Assist with data validation, including checking internal consistency of data, and reviewing quality of supplied data.
• Prepare actuarial dashboards and performance reports that guide strategic decisions on pricing,product offering and track financial outcomes.
• Provide feedback to management, ICT and other relevant stakeholders regarding analysis performed.
• Provide analysis to support the application of appropriate reinsurance arrangements.
• Make business recommendations based on market needs, existing product performance, and competitor analysis, in order to increase sales volume and profitability.
• Strategy and Business Planning Support; assist with business planning financial projections,expense analysis and solvency projections for the Medical business unit.
• Support design, pricing and set-up of new and existing products in the administration system.
• Product Profitability Review; Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
• Project involvement for running projects that may require actuarial input.

Qualifications

• BSc. Actuarial Science, Statistics, Mathematics or related qualification
• Progress in professional actuarial qualification (at least 4-6 papers with IFOA/SOA/Any other recognized actuarial body)

Experience

• At least 4 years’ work experience in medical/health insurance or similar experience in a reputable organization

Competencies

• Timeliness in preparation and submission of reports
• Quality and accuracy of calculations and actuarial information
• Computer literacy with emphasis on MS Excel
• Knowledge of International Financial Reporting Standards
• Accounting knowledge
• Statistical techniques
• Proficient knowledge on medical/health insurance in Kenya
• Knowledge of reinsurance arrangements and structures
• Knowledge of statistical packages or programming (e.g. R, Python)
• Database management systems

Application Procedure

If you meet the above requirements, you are encouraged to forward your application and updated CV to hr@libertylife.co.ke by 30th January 2026. Clearly state the job title on the subject heading.

Liberty Kenya is an equal opportunity employer and actively encourages diversity. Please note that only shortlisted candidates will be contacted.

Personal data collected will be used for recruitment purposes and in accordance with the privacy statement on our website www.liberty.co.ke