Acturial and Pricing analyst

Employer: AAR Insurance Kenya Ltd Type: Full-time Minimum Experience: 3 Years
Location: Nairobi Positions: 1 Department: Pricing & Analytics

About the Job

I’m looking for an experience Actuarial Analyst to replace Malachi Osoro who recently resigned and is scheduled to exit the company by 23rd September 

Duties & Responsibilities

Pricing and Quotations

• Prepare corporate medical quotations and renewal terms using internal pricing models

• Build and maintain rate tables and apply the appropriate loadings and statutory gross-ups

• Analyse claims experience, exposure and benefit changes to inform renewal pricing

• Support tender pricing, including capitation models

• Apply underwriting and discount rules, flag breaches, and route approvals correctly


Claims and Experience Analytics

• Monitor loss ratios, claims frequency and severity across schemes and flag adverse experience early

• Carry out experience reviews, anti-selection analysis and benefit sensitivity testing

• Build provider and scheme claims intelligence, including episode-of-care analysis and peer benchmarking

• Reconcile claims data across multiple sources and funding arrangements


Reporting and Management Insight

• Produce scheme performance reviews, renewal readiness packs and ad hoc reports

• Maintain dashboards on quote volumes, premiums, loss ratios and pipeline

• Prepare decision-ready decks and written advisories for management and clients


Data and Systems

• Extract, clean and structure data from claims, membership and finance systems

• Support development, testing and improvement of the department's pricing and analytics platform

• Drive process innovation, including the use of AI to enhance pricing and analytics workflows and surface deeper insight

• Automate recurring pricing and reporting tasks

• Support data integrations across claims and administration systems


Portfolio and Stakeholder Support

• Support the international medical partner portfolio alongside core local functions

• Work with Underwriting, Business Processing, Sales and Retention to resolve pricing and data queries

• Provide costing and technical input to product development

• Advise the manager on anomalies, risks and areas for improvement

• Perform any other duties as assigned



Personal Attributes

QUALIFICATIONS AND EXPERIENCE

• Degree in Actuarial Science, Statistics, Mathematics or a related quantitative field

• At least 5 years' experience in health or medical insurance pricing and analytics

• Solid progress in professional actuarial examinations (IFoA, SOA or equivalent)

• Strong understanding of medical insurance products, underwriting and claims

• Proven pricing and experience-analysis work in a live insurance environment


TECHNICAL SKILLS

• Advanced Excel and actuarial or financial modelling

• SQL for data extraction and manipulation

• Python or R for analytics and automation (added advantage)

• Data visualisation and dashboarding (Power BI or similar)

• Comfortable handling large claims and membership datasets


CORE COMPETENCIES

• Strong analytical and problem-solving ability

• High attention to detail and technical accuracy

• Clear report writing and presentation skills

• Sound commercial judgment

• Works well under pressure and to tight turnaround times

• Dependable team player


KEY PERFORMANCE AREAS

• Pricing accuracy and turnaround

• Portfolio profitability and loss ratio monitoring

• Quality and timeliness of management reporting

• Renewal and tender support

• Data integrity and analytical rigour


Academic Qualifications
Qualification NameLevel
Actuarial Science or Mathematics Degree
Actuarial Science or Mathematics Degree
Skill Qualifications
SkillLevel
Microsoft Word/Excel/PowerPoint Proficient
Microsoft SQL Database administration Proficient
Good Inter -personal and communication skills Proficient
Attachments
Document NameIs Mandatory?
Academic Documents Yes
C.V Yes
Yes