Since its establishment in August 1937 in Mombasa, Jubilee Insurance has led the insurance industry across East Africa. As the first locally incorporated insurance company, Jubilee has grown into the largest composite insurer in the region, providing a wide range of products in Life, Pensions, General, and Medical Insurance. With a presence in Kenya, Uganda, Tanzania, and Burundi, and being the only ISO-certified insurance group listed on the Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange, and Uganda Securities Exchange, Jubilee continues to innovate and lead with a customer base of over 1.9 million clients.
We believe that our strength lies in our people, and as we continue to expand and serve millions, we are seeking qualified and passionate professionals to join our dynamic team.
Jubilee Health Insurance Limited is currently offering exciting career opportunities for Senior Actuarial Analysts to be based at our Head Office in Nairobi.
Why Join Jubilee Health Insurance?
Jubilee Health Insurance is a pioneer in delivering innovative health insurance solutions that meet the ever-evolving needs of our customers. Our actuarial department plays a critical role in ensuring our products are competitively priced, sustainable, and compliant with regulatory standards.
We are now looking for experienced, data-driven, and technically skilled individuals to support our Actuarial Department in pricing, reserving, business intelligence, and risk analysis.
If you are ready to be part of a mission-driven, fast-paced environment where your analytical skills directly influence strategic decisions, this is your opportunity to shine.
Open Position: Senior Actuarial Analyst
Reporting to: Assistant Manager – Actuarial
Location: Head Office, Nairobi, Kenya
Department: Actuarial Department
Role Purpose
As a Senior Actuarial Analyst, you will play a vital role in supporting the development and financial performance of Jubilee’s health insurance products. You will be responsible for performing advanced actuarial modelling, data analytics, pricing, and business intelligence tasks. Additionally, you will contribute to regulatory compliance and assist with the continuous improvement of actuarial processes.
Key Responsibilities
Strategy
- Contribute to the design and review of health insurance products including benefit structures and pricing strategies.
- Perform claims experience analyses to identify medical trends and suggest pricing adjustments.
- Build and enhance actuarial pricing models aligned with the company’s strategic goals and risk appetite.
- Generate data-driven insights to support decisions on pricing and product offerings.
Operational Duties
- Work collaboratively with Operations and Business Development teams to price and manage corporate schemes.
- Deliver actionable insights through comprehensive data analysis to guide company strategy.
- Support the automation and optimization of actuarial processes and models.
- Mentor junior actuarial team members and guide actuarial interns through professional development.
Corporate Governance
- Ensure compliance with the Insurance Regulatory Authority (IRA) guidelines, industry standards, and internal policies.
- Assist in audit processes (internal and external) by providing actuarial documentation and analytical support.
- Maintain robust documentation on assumptions, models, and methodologies used in actuarial work.
Leadership and Culture
- Work closely with cross-functional departments including Underwriting, Claims, Finance, IT, and Business Development.
- Present actuarial findings and reports to internal stakeholders in a clear and actionable manner.
- Advocate for data-driven decision-making and continuous improvement within the actuarial team.
- Promote a work environment built on collaboration, ethical standards, and professional excellence.
- Demonstrate and uphold high standards of integrity and service excellence in all duties.
Compliance and Legal Responsibility
- Stay informed on applicable external laws and regulations such as:
- Anti-Money Laundering (AML)
- Counter Financing of Terrorism (CFT)
- Data Protection and other relevant regulatory frameworks
- Implement and enforce company policies and procedures in alignment with legal standards.
- Help build and maintain effective compliance programs within the actuarial department.
- Encourage ethical conduct, open communication, and proactive identification of compliance issues.
Key Skills and Competencies
We are looking for candidates with a unique blend of technical, analytical, and interpersonal skills. The ideal Senior Actuarial Analyst will possess the following:
- Advanced capability in developing and applying complex actuarial models for pricing, reserving, and forecasting.
- Strong statistical proficiency in analyzing large health datasets to derive actionable insights.
- Practical experience in designing and pricing innovative and sustainable health insurance products.
- In-depth understanding of insurance and medical claims data, enabling precise cost projections and trend analysis.
- Proficiency in creating tools to assess underwriting and operational risks and to ensure compliance with solvency requirements.
- Skilled in building user-friendly actuarial dashboards and reports for executive decision-making.
- Experience with automation and system integration to enhance actuarial workflow accuracy and efficiency.
- Ability to maintain clear and thorough documentation for internal audits and regulatory reviews.
Academic and Professional Requirements
- Bachelor’s degree in Actuarial Science.
- Progress towards professional actuarial qualifications (e.g., 4–6 exams with SOA, IFoA, or any other internationally recognized actuarial body).
- A minimum of four (4) years of actuarial experience in the health/medical insurance sector.
- Proven experience in pricing and product development within a regulated insurance environment.
What We Offer
At Jubilee Health Insurance, we value talent and believe in continuous learning and growth. We offer a competitive compensation package, a collaborative work environment, and opportunities to work on projects that have real impact in the lives of our clients across East Africa.
As part of our team, you’ll have the opportunity to interact with industry experts, gain exposure to a diverse range of actuarial work, and build a fulfilling career in a purpose-driven organization.
How to Apply
If you are ready to take the next step in your actuarial career and are excited to work in a dynamic environment where your contributions matter, we encourage you to apply for the Senior Actuarial Analyst position at Jubilee Health Insurance.
Please submit your application through the official recruitment portal on our website:
Be sure to include your updated CV and reference the position title in your application. Applications must be submitted by 6th June 2025. Only shortlisted candidates will be contacted.
Learn More
For more details about this opportunity and about Jubilee Insurance, refer to the full job description document attached in this advertisement or visit our website at:
www.JubileeInsurance.com
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