Actuarial Manager – Systems and Reporting

CIC Insurance Group Plc is a Kenyan insurance company founded in 1968, operating in the banking, financial services, and insurance sectors. It is headquartered in Nairobi.

This role involves leading the automation and improvement of actuarial reporting processes for CIC Insurance Group's Life and General Insurance entities. The successful candidate will be a technically proficient actuary focused on systems, modeling, and financial reporting, responsible for enhancing actuarial efficiency, ensuring IFRS 17 compliance, and maintaining the integrity and consistency of actuarial reporting across the Group.

1. Lead the automation and systemization of IFRS 17 actuarial reporting for Life and General Insurance.
2. Collaborate with Finance and IT to integrate data between actuarial and accounting systems.
3. Maintain and enhance actuarial system configurations, assumptions, and methodologies for IFRS 17 compliance.
4. Validate actuarial outputs for accuracy, completeness, and audit readiness.
5. Drive continuous system improvement, including upgrades and enhancements.
6. Develop and maintain efficient, well-documented actuarial models for reserving, pricing, and projections.
7. Lead automation initiatives to improve actuarial data management and reporting.
8. Integrate actuarial models into enterprise platforms and dashboards.
9. Establish governance, version control, and quality assurance for actuarial systems and models.
10. Partner with subsidiary actuarial teams to align methodologies, assumptions, and model configurations.
11. Work with Group Finance, Risk, and IT to embed actuarial systems into wider Group processes.
12. Provide mentorship, training, and technical guidance on model governance and system best practices.
13. Contribute to Group Actuarial governance and continuous improvement forums.
14. Ensure actuarial models and reports comply with Group policies, professional standards, and regulatory requirements.
15. Maintain comprehensive documentation of actuarial methodologies and assumptions.
16. Support internal and external model validation and implement improvement recommendations.

1. Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or a related quantitative discipline.
2. Minimum of 6 passed actuarial papers (IFoA, SOA, ASSA, or equivalent).
3. Minimum of 5 years of actuarial experience.
4. Proven experience in IFRS 17 implementation, actuarial modelling, and systemization.
5. Solid understanding of actuarial software such as Prophet, MoSes, AXIS, or similar, and data tools like SQL, Python, and Power BI.
6. Strong grasp of insurance financial reporting and reserving methodologies.
7. Advanced analytical, modelling, and problem-solving skills with a strong systems orientation.
8. Passion for automation, digital transformation, and continuous improvement.
9. Ability to collaborate effectively with Finance, Risk, and IT teams across multiple jurisdictions.
10. Capacity to link actuarial insights to business outcomes and decision-making.
11. Commitment to precision, auditability, and governance standards.
12. Willingness to guide and upskill teams in actuarial systems and processes.
13. Comfortable working in a dynamic environment with evolving regulatory and business needs.