Actuarial Assistant

Company Details

Rating: No ratings yet log in to rate this company
Industry: Banking
Description: CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi

Job Details

Job Type: Full Time
Workplace Type: On-site
Qualification: Diploma
Job Experience: Mandatory
Job Location: Nairobi County, Kenya
Closing Date: Undisclosed
Salary: Not specified
Other Pay: Benefits
Job Category: Insurance

Job Description

Role Overview

As an Actuarial Assistant, you will be a key support within the Group Actuarial team, turning data into reliable analysis for liability valuation, new product pricing, and performance tracking of existing products. Your day-to-day work will involve preparing and checking data, running and testing models, and keeping clear records of assumptions and methods so that the team's numbers can be trusted. This entry-level role is built for a recent actuarial graduate who wants practical exposure to modelling, systems, and analytics while contributing to the financial insights that guide the business.

Key Responsibilities

  • Gather, clean, and validate data used in actuarial models and recurring reports.
  • Run and test actuarial models under the direction of the Actuarial Analyst and Manager, documenting outputs and highlighting anything unusual.
  • Keep assumptions, methodologies, and model settings well documented so that work can be reviewed and reproduced.
  • Help automate routine model tasks and take part in process testing and improvement work.
  • Support regular actuarial reporting, including reconciliations and data checks.
  • Contribute to pricing and product performance monitoring by preparing calculations and summaries.
  • Assist with financial projections and industry analysis that help the team understand market trends.
  • Pitch in with analytical and technical tasks across the wider Group Actuarial team when required.

Requirements & Qualifications

  • Bachelor's degree in Actuarial Science, Statistics, Mathematics, or a closely related field.
  • 0–2 years of actuarial experience; internships and graduate trainee placements are welcome.
  • Progress toward actuarial exams with IFoA, SOA, ASSA, or an equivalent body is a plus.
  • Comfortable with Microsoft Excel; exposure to SQL, Python, or Power BI is desirable.
  • Strong numerical reasoning, problem-solving ability, and a sharp eye for detail.
  • Analytical and curious, with a willingness to learn new actuarial systems and tools.
  • Good teamwork and communication skills.
  • Accurate, accountable, and able to take initiative in a changing environment.

Why Join

  • An entry-level opening that builds a solid foundation in actuarial systems, modelling, and data analytics.
  • Guidance from the Actuarial Analyst and Manager as you develop technical and professional skills.
  • A collaborative, innovative environment where you can take on increasing responsibility.
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