Tag Archives: actuarial

Retirement Benefits Authority Actuarial Officer Job in Kenya

The Retirement Benefits Authority is a public sector organization tasked with the role of regulating a key socio-economic sector in Kenya.

The Authority is seeking qualified and experienced talent to join it core team in the following positions:

Actuarial Officer

1 Post

Ref. HCD RBA/4/3/1/AO
 

Primary Purpose of the Job: Reporting to the Senior Actuarial Officer and the incumbent will be responsible for providing support to the actuarial officer in the generation of advise / guidance on matters relating to pensions. 

In addition the officer shall assist with complex pensions administration operations requiring actuarial input.

Duties and Responsibilities 

KRA 1: Provision of specialized actuarial services

  • Assisting in a wide range of actuarial and pensions administrative tasks including reviewing of actuarial valuation reports
  • Drafting of valuation reports and other valuation communications when required.
  • Assisting in the preparation and analyzing of data using Excel spreadsheet applications including any ad-hoc Excel project work and any other relevant application.
  • Calculating and checking member benefits and transfer values for individuals.
  • Assisting in the actuarial determinations as required.
  • Providing support to technical sub-committees (TSC) e.g. updating technical websites, with basic query handling. 

KRA 2: Risk Profiling

  • Assisting in the review of schemes to ensure compliance with the statutory requirements prior to registration. 

KRA 3: Risk Profiling

  • Work with the senior Actuarial officer in the carrying out of risk assessment of schemes and propose the supervision stance to be applied
  • Participate in review of risk profile of schemes and update the score with input received from the enforcement team
  • Work with other officers to ensure that the average risk score is maintained as per the score prescribed in the department annual target
  • Contribute to continuous improvement of the RBS toolkit and assessment guidelines

KRA 4: Financial Analysis

  • Participate in carrying out financial analysis of financial statements
  • Participate in inspection of schemes to ensure compliance with financial requirements
  • Participate in financial analysis on retirement benefit schemes financial statements and evaluate contribution returns 

KRA 5: Statutory Returns

  • Prepare statutory returns analysis reports
  • Participate in analysis of actuarial valuation reports to ensure scheme funding is in compliance with the law and consistency with best practice
  • Facilitate in preparing reports and design templates to be utilized as source of information in carrying out risk profiling of schemes.

KRA 6: Remedial Plans

  • Participate in design of templates to track remedial plans for underfunded schemes
  • Work with other officers to monitor and review of the remedial plans
  • Contribute to recommendations on courses of actions for schemes not complying to their remedial plan
  • Work with other officers to ensure schemes in difficulties submit remedial plans
  • Coordinate with the supervisory team in the enforcement and implementation of the remedial plans.
  • Participate in taking prompt action on the defaulters of remedial plans
  • Participate in implementation of internal audit and external audit recommendation 

KRA 7: Mergers, Conversions& Winding-up

  • Team up with other officers to review and approve applications for scheme design, conversions and ensure protection of rights of members and sponsors
  • Ensure that the winding-up process is executed in a timely manner. 

KRA 8: Annual General Meetings

  • Participate in training of trustees and other stakeholders in the industry 

KRA 9: ISO Standards

  • Participate in implementation of ISO audit recommendations
  • Participate in continuous improvement of department ISO procedures 

KRA 10: Enforcement

  • Participate in the development of practice notes relevant to the pension industry
  • Work with other officers to enforce compliance with statutory directions
  • Contribute to the development and improvement of the RBS enforcement manual

Requirements for Appointment

  • Bachelor’s degree in Actuarial Science;
  • Proficiency in computer applications;
  • At least 4 professional ACT papers

Key Personal Competencies 

  • Ability to work as part of a multi-disciplinary team, work closely with both our pensions administration and support teams.
  • Ability to undertake comprehensive research and analysis of financial data.
  • Ability to communicate effectively both verbally and in writing with people at all levels.
  • Ability to work on projects independently and with initiative
  • Ability to plan and co-ordinate activities and meet critical timelines
  • Ability to establish sound and effective working relationships
  • Ability to contribute innovative ideas to improve departmental processes

Experience 

  • Experience in research and analysis work
  • Experience in the collection of data for analysis work
  • Experience in the use of computer analysis software and financial modeling.

How to Apply

Candidates who meet the requisite criteria should send their applications by post, courier or hand delivery (but not on email), quoting the job reference number and title of the position that they are applying for.

In addition, applicants should submit a detailed curriculum vitae containing details of their qualifications, experience, current and expected remuneration as well as copies of relevant professional/academic certificates and national identification card or passport. 

They should also include their day and evening telephone numbers, e-mail address and names and addresses of three referees. 

Envelopes containing the documents should be addressed to: –


The Chief Executive Officer

Retirement Benefits Authority

Rahimtulla Towers 

P.O Box 57733 – 00200 

Nairobi 

Email: info@rba.go.ke


Applications should be received by 15th April 2016


Please note:

1. RBA is an Equal Opportunity Employer and all qualified Kenyans are encouraged to apply.
 

2. Persons living with disabilities are encouraged to apply
 

3. Only shortlisted candidates will be contacted and canvassing will result in automatic disqualification.

Retirement Benefits Authority (RBA) is ISO 9001:2008 Certified

Futures First Financial Market Analyst Job in Kenya

Job Vacancy: Financial Market Analyst

Futures First offer a unique opportunity in Kenya to work in the world’s largest, most liquid, and well-developed derivatives markets. 

This is an exciting challenge and an excellent opportunity for bright, analytical, highly motivated graduates to join a vibrant and demanding business and participate directly in today’s dynamic world markets from Kenya.
 

We have a performance culture and offer a unique career path to recent graduates.
 

In addition, we offer successful candidates an opportunity to achieve significant financial success through our compensation approach which is based on proven international principles and “best market practices”.

 

Futures First recruits high-achieving graduates and post-graduates from any discipline, including, but not limited to: Engineering, Actuarial science, physics, mathematics, finance and computer science. 

We encourage students with stellar academic records and who enjoy highly competitive and dynamic environments to apply and get to be involved in such a unique career.
 

Key Skills for Futures First analysts: 

  • Passion for numbers and calculations
  • Ability to identify patterns in complex, dynamic market data
  • High intelligence and a keen sense of curiosity
  • Integrity and modesty
  • Initiative and ambition
  • High energy and perseverance
  • Confidence to work under pressure
  • Emotional toughness and resilience
Students who are clearing their final Exams in the month of April, 2016 in all Universities are encouraged to apply

If interested apply for the positon of “Market Analyst –Kenya” and send your Resume to hr.kenya@hertshtengroup.com

Those who had applied earlier or sat for our campus recruitment this year need not apply again