Various Vacancies at APA Life Assurance Company Ltd | Apply June 2025

KEY PRIMARY RESPONSIBILITIES

Financial & Regulatory Reporting

• Support the production and review of IFRS 17 valuation results and associated disclosures.
• Support the production and review of statutory filings in accordance with Insurance Regulatory Authority (IRA) requirements, and Management Reports for internal use (e.g., VNB, VIF, EV, etc).
• Work in collaboration with the finance team to align actuals vs. budget and enhance monthly close efficiency.

Experience Monitoring

• Assist in performing periodic claims experience analyses to guide pricing and reserving assumptions and provide actionable recommendations to management.

Capital Modelling

• Run capital adequacy assessments under local solvency regulations.
• Assist in producing Capital Adequacy reports with recommendations to management.

Pricing & Product Development

• Pricing of new individual and group life products, ensuring profitability, competitiveness, and regulatory compliance.
• Assist in enhancing pricing tools and profitability testing models.

Budgeting & Strategy Actuarial Inputs

• Assist in providing actuarial inputs for IFRS 17 budgets and five-year business planning using actuarial projection models.
• Working closely with the finance team to ensure the success of budgeting and strategic planning processes.

ACADEMIC QUALIFICATIONS

• Bachelor’s degree in actuarial science or related field. A master’s degree in actuarial management will be an added advantage.

JOB SKILLS AND REQUIREMENTS

Technical Skills

• Proficient in actuarial modelling tools (e.g. Basys, RiskIntegrity, Advanced Excel Skills, Excel VBA, Python, R, etc).
• Advanced analytical skills and business insight.
• Familiarity with Power BI or other dashboarding tools is a plus.

Behavioural Attributes

• Strong attention to detail and a commitment to accuracy.
• Able to manage multiple deadlines and priorities under minimal supervision.
• Effective communicator—both written and verbal—with stakeholders at all levels.
• Mentorship mindset and a collaborative team player.

PROFESSIONAL QUALIFICATIONS

• Progress toward actuarial qualification (minimum: 4 papers).

EXPERIENCE

• Minimum 2 years actuarial experience, preferrably in life insurance.
• Experience in IFRS 17 valuation and reporting is an advantage.
• Experience in calculating VIF, VNB and Embedded Value is an advantage.
• Understanding of Asset-Liability Management Process.

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KEY PRIMARY RESPONSIBILITIES

• Draft, review, and negotiate a variety of contracts including MOUs, service level agreements, leases, conveyancing documents, procurement/tender documentation, marketing, IT/technology (SAAS), vendor/supplier agreements, NDAs, and other commercial contracts.
• Provide legal advisory and research on a broad range of issues including corporate governance, regulatory compliance, and operational matters.
• Prepare legal opinions to support internal departments across the Group in decision-making and risk assessment.
• Receive and respond to legal notices, demand letters, statutory notices, and summons.
• Handle litigation and legal claims, including subrogation, recovery matters, and third-party claims, and manage reserves.
• Attend court and represent the company in proceedings where necessary, coordinating with external counsel as needed.
• Track and manage the Group’s legal diary and ensure court attendance and timely filings.
• Participate in development and implementation of legal risk mitigation strategies and initiatives.
• Support the business in negotiating contracts and resolving commercial disputes.
• Maintain legal registers, update case statuses, and monitor statutory compliance.
• Provide training to staff on legal awareness, contracting procedures, and compliance topics.
• Collaborate with the Legal Manager and senior management on legal matters impacting the Group.
• Participate in CSR, brand-building initiatives, and interdepartmental SLAs as needed.
• Reduction of legal and contractual risks to the Group through proactive legal support.
• Timely and accurate legal advisory, contracts review, and claims/litigation management.
• Any other assigned responsibilities.

ACADEMIC QUALIFICATIONS

• Bachelor’s degree in Law or an equivalent.

JOB SKILLS AND REQUIREMENTS

• Teamwork skills
• Interpersonal and Communication skills
• Analytical skills
• Ability to work under pressure and meet deadlines

PROFESSIONAL QUALIFICATIONS

• Bachelor’s Degree in Law (LLB) from a recognized university.
• Postgraduate Diploma in Legal Practice (Advocate of the High Court of Kenya).
• Computer literacy.

EXPERIENCE

• At least 5 years’ relevant experience legal experience in an Insurance company or corporate or law firm environment, with a focus on contracts, legal advisory, and litigation support.