From the employer's hiring system · Verified employer
Junior Actuarial Analyst - Life Business
Old Mutual Kenya
Job at a glance
- Employer
- Old Mutual Kenya
- Position
- Junior Actuarial Analyst - Life Business
- Location
- Nairobi, Kenya
- Possible duty stations
- Nairobi, Kenya
- Experience
- 2-5 years relevant technical experience
- Education
- Bachelor of Actuarial Science
- Salary
- Not stated in the advert
- Application deadline
- 23 October 2026
- Posted on VacancyKE
- 15 October 2026
VacancyKE summary
Old Mutual Kenya is hiring a Junior Actuarial Analyst for its Life business in Nairobi. You will support actuarial valuations, IFRS 17 reporting, and financial modelling to aid management decisions and regulatory compliance.
What stands out about this opportunity
- Focuses on IFRS 17 and solvency reporting
- Requires active participation in AML/KYC compliance
- Deadline is 22 October 2026
Key responsibilities
- Assist with internal actuarial liability and IFRS 17 valuations using Prophet and Excel
- Conduct profitability analysis, experience investigations, and embedded value calculations
- Perform solvency computations, stress tests, and risk-based capital analysis
- Build financial models for business scenarios and project planning
- Manage Life systems including Prophet, Thought Express, and OIPA
- Support reinsurance analyses and optimisation processes
- Prepare board papers, regulatory reports, and present results to committees
- Ensure adherence to Anti-Money Laundering (AML) and KYC policies
Who should apply?
This role suits an early-career actuary with 2-5 years of experience who has passed some actuarial exams and possesses strong technical skills in Prophet and data programming.
Key requirements
- Bachelor of Actuarial Science
- 2-5 years technical experience
- Progress with actuarial exams
- Prophet software proficiency
- Strong data programming skills
- Knowledge of insurance regulations
What you should know
- Role requires strict adherence to AML, Sanctions, and Compliance policies
- Applications close on 22 October 2026 at 23:59
How to apply
- Apply via the Old Mutual Careers portal using reference JR-84535
Official source: From the employer's hiring system · oldmutual.wd3.myworkdayjobs.com. VacancyKE never charges job seekers.
Original employer advertisement
Published by Old Mutual Kenya on oldmutual.wd3.myworkdayjobs.com. Shown for reference; the employer’s version is the official one.
The employer’s advert
Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Supports the Life actuarial function in delivering accurate valuations, IFRS 17 and solvency reporting, actuarial analysis and financial modelling, while providing technical insight to support management decisions, regulatory requirements and effective management of the Life business.
1 KEY TASKS AND RESPONSIBILITIES
• Technical Actuarial Support: Assist with conducting and reviewing internal actuarial liability valuations for relevant insurance subsidiaries, IFRS 17 valuations, analysis of profitability/surplus, and calculation and analysis of embedded value using Prophet and MS Excel for OM Life entities
• Experience Investigations: Assist with profitability analysis, experience analysis and other relevant actuarial investigations to inform business decisions
• Solvency and Capital Management: Assist with solvency computations for the entity on a risk-based capital basis, including solvency stress tests
• Financial Modelling: Assist with financial modelling of business scenarios/projects to inform business decision-making
• System Support: Assist with management of the Life Systems – Prophet, Thought Express, OIPA, etc
• Business Planning Support: Assist with business planning financial projections and solvency projections for the life entities. Perform stress and scenario analysis on the plan numbers
• Reinsurance Support: Support with carrying out reinsurance analyses and reinsurance optimisation
• Reporting and Documentation: Present results and reports to businesses and subsidiary board committees. Prepare Board papers and regulatory solvency and valuation reports
• Risk Management Support: Assist the Business Units and Risk Department in identifying and quantifying risk, including insurance, market and credit risks, where appropriate
• Investment Strategy Support: Develop/formulate appropriate investment strategies and/or review and monitor investment strategies including Unit Pricing support and BSA management
• Other Reasonable Duties: Perform other reasonable duties that may be assigned by supervisors/management
2. SKILLS AND COMPETENCIES
• Analytical skills
• Data handling knowledge
• Business awareness
• Problem-solving skills
• Communication and presentation skills
• Ability to prioritise and work on a wide range of deliverables at once
• Ability to work under minimal supervision
• Good interpersonal skills
• Proficiency in Microsoft Office packages
3. KNOWLEDGE & EXPERIENCE
• Strong actuarial technical skills
• Knowledge of Prophet software or other reserving software
• Strong analytical skills
• Strong data programming skills
• Foundational knowledge of the current insurance regulations, capital markets and other relevant guidelines
4. QUALIFICATIONS
• Bachelor of Actuarial Science
• Minimum 2-5 years of relevant technical experience
• Actuarial knowledge, demonstrated through progress with actuarial examinations
5. ANTI-MONEY LAUNDERING (AML) EXPECTATION
The incumbent will be responsible for ensuring adherence to, implementation of and adoption of Compliance, Anti-Money Laundering (AML) and Sanctions-related policies, procedures and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.
Skills
Computer Literacy, Data Compilation, Data Controls, Executing Plans, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Numerical Aptitude, Risk Management
Competencies
Action Oriented
Balances Stakeholders
Builds Networks
Collaborates
Communicates Effectively
Cultivates Innovation
Ensures Accountability
Financial Acumen
Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
22 October 2026 , 23:59
The Old Mutual Story!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Supports the Life actuarial function in delivering accurate valuations, IFRS 17 and solvency reporting, actuarial analysis and financial modelling, while providing technical insight to support management decisions, regulatory requirements and effective management of the Life business.
1 KEY TASKS AND RESPONSIBILITIES
• Technical Actuarial Support: Assist with conducting and reviewing internal actuarial liability valuations for relevant insurance subsidiaries, IFRS 17 valuations, analysis of profitability/surplus, and calculation and analysis of embedded value using Prophet and MS Excel for OM Life entities
• Experience Investigations: Assist with profitability analysis, experience analysis and other relevant actuarial investigations to inform business decisions
• Solvency and Capital Management: Assist with solvency computations for the entity on a risk-based capital basis, including solvency stress tests
• Financial Modelling: Assist with financial modelling of business scenarios/projects to inform business decision-making
• System Support: Assist with management of the Life Systems – Prophet, Thought Express, OIPA, etc
• Business Planning Support: Assist with business planning financial projections and solvency projections for the life entities. Perform stress and scenario analysis on the plan numbers
• Reinsurance Support: Support with carrying out reinsurance analyses and reinsurance optimisation
• Reporting and Documentation: Present results and reports to businesses and subsidiary board committees. Prepare Board papers and regulatory solvency and valuation reports
• Risk Management Support: Assist the Business Units and Risk Department in identifying and quantifying risk, including insurance, market and credit risks, where appropriate
• Investment Strategy Support: Develop/formulate appropriate investment strategies and/or review and monitor investment strategies including Unit Pricing support and BSA management
• Other Reasonable Duties: Perform other reasonable duties that may be assigned by supervisors/management
2. SKILLS AND COMPETENCIES
• Analytical skills
• Data handling knowledge
• Business awareness
• Problem-solving skills
• Communication and presentation skills
• Ability to prioritise and work on a wide range of deliverables at once
• Ability to work under minimal supervision
• Good interpersonal skills
• Proficiency in Microsoft Office packages
3. KNOWLEDGE & EXPERIENCE
• Strong actuarial technical skills
• Knowledge of Prophet software or other reserving software
• Strong analytical skills
• Strong data programming skills
• Foundational knowledge of the current insurance regulations, capital markets and other relevant guidelines
4. QUALIFICATIONS
• Bachelor of Actuarial Science
• Minimum 2-5 years of relevant technical experience
• Actuarial knowledge, demonstrated through progress with actuarial examinations
5. ANTI-MONEY LAUNDERING (AML) EXPECTATION
The incumbent will be responsible for ensuring adherence to, implementation of and adoption of Compliance, Anti-Money Laundering (AML) and Sanctions-related policies, procedures and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.
Skills
Computer Literacy, Data Compilation, Data Controls, Executing Plans, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Numerical Aptitude, Risk Management
Competencies
Action Oriented
Balances Stakeholders
Builds Networks
Collaborates
Communicates Effectively
Cultivates Innovation
Ensures Accountability
Financial Acumen
Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
22 October 2026 , 23:59
The Old Mutual Story!