The CIC Insurance Group is the leading Co-operative Insurer in
Africa and the second largest insurance company in Kenya by market share.
The Group comprises three subsidiaries namely: CIC Life
Assurance, CIC General Insurance Ltd and CIC Asset Management Ltd.
To execute its ambitious growth and expansion strategy, the CIC
Insurance Group wishes to recruit a high caliber individual in the position of
Chief Actuary to provide leadership and oversee the Group’s actuarial
work.
The successful candidate will be part of the leadership team and
will play a vital role in the Company’s strategic and risk management roles, as
the Group seeks to expand regionally and increase insurance penetration.
Position: Chief Actuary
Position: Chief Actuary
Key Roles & Responsibilities
- Play
an integral role in influencing & executing overall company strategy.
- Responsible
for the company-wide implementation of policies and procedures and their
improvement.
- Technical
and professional input into the investment policies and strategies of the
company.
- Working
with the Group Chief Executive Officer and Subsidiary Managing Directors
to provide support and guidance to the Board and act as liaison to
relevant board committees.
- Providing
guidance and leadership on the measurement and reporting of profit
metrics.
- Responsible
for research on business trends and practices to assist in the development
of business plans and company budgets.
- In
collaboration with the IT Division Head, providing guidance on the ongoing
maintenance and updating of information systems and infrastructure,
including hardware and software applications.
- Oversight
of the actuarial and risk management functions that include:
- Reserving,
asset/liability functions, capital modelling, experience review, pricing,
asset/liability modelling & risk management.
- Reporting
on the actuarial aspects of financial information both for statutory and
internal management purposes.
- Mentorship
of other actuarial staff.
Academic and Professional Experience
- Fellow
of the Institute of Actuaries.
- Possession
of Post-Graduate degree will be an added advantage.
- 8-l0
years’ experience in the Insurance Industry with extensive knowledge of
insurance, pension and investment issues.
- Several
years post-qualification experience in a senior actuarial position in an
actuarial firm or leading insurance company.
Leadership Competencies
- A
strategic thinker with ability to create and conceptualize business needs
in a fast changing environment.
- A
clear entrepreneurial spirit.
- Result
oriented with the drive to influence and mentor others.
- Sound
analytical, presentation, interpersonal and communication skills.
- Good
problem solving abilities combined with strong decision making skills.
- Ability
to plan, organize, prioritize and work within deadlines.
If you have the aforementioned professional and academic
qualifications and you are ready to execute the above mandate, kindly send your
resume to the address below on or before 15th October 2012.
The Group Human Resources Manager
CIC Insurance Group Ltd
P.O. Box 59485-00200,
CIC Insurance Group Ltd
P.O. Box 59485-00200,
Nairobi
Email to: actuary@cic.co.ke