Actuarial Analyst

Madison Group Limited is a locally owned financial services holding company that specializes in Insurance and wealth management services. The Group comprises Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited. Madison Life Assurance Kenya was originally incorporated under Kenyan Laws in 1988 as Madison Insurance Company Limited (MICK) after a successful merger between Crusader Plc (1974) and Kenya Commercial Insurance Corporation. The Actuarial Analyst will be responsible for performing timely and accurate monthly actuarial valuations, conducting experience analyses, and providing financial projections aligned with business strategy. ### Key Responsibilities - Perform timely and accurate monthly actuarial valuations under IFRS 17. - Conduct experience analyses on mortality, lapses, expenses, and investment returns to investigate deviations and update assumptions. - Provide projections for liabilities, premiums, claims, and investment income aligned with business strategy and observed experience. - Support regulatory reporting with accurate inputs and ensure compliance with internal procedures and audit requirements. - Monitor actual experience against budgets and advise on deviations and business implications. - Maintain ongoing professional development toward actuarial qualifications. - Perform additional actuarial analyses as required by the business. - Other duties as may be assigned by the Actuarial Associate from time to time. ### Requirements and Qualifications - University Degree in Actuarial Science. - One-year experience in an Actuarial function. - Candidate must have passed at least One Actuarial Professional Exams. - Proficiency in Excel, Prophet, Python, and/or R. - Strong analytical and problem-solving skills. - Good communication and teamwork skills. ### How to Apply Qualified candidates are requested to forward their CV and Cover letter to hr_recruitment@madison.co.ke not later than 12th March 2026 stating the Role as the Subject of the email.