Acturial Graduate Trainee Program

The Zamara Group is a diversified financial services business specialising in pensions, medical services, insurance and actuarial solutions. Headquartered in Nairobi, Kenya, the Group has a presence in eight countries and a Pan-African ambition. Zamara has a rich heritage in Kenya spanning over 30 years. Since its inception, the firm has significantly grown in terms of size, client base and range of services. The Group has been at the forefront of industry, influencing the way it works and at the cutting edge of innovation. Zamara’s higher purpose is to create a financially secure and prosperous society. The Zamara culture is based on the values of Simplicity, Empathy and Trust.

Roles and responsibilities

Achieving Zamara’s ambitious strategic priorities will be complex and challenging. Its continued success will be dependent on building and retaining a world-class team.

The Graduate Trainee will provide support to the Actuarial team in all aspects of actuarial consultancy services. In more detail, the areas of responsibility include:

Actuarial Valuations & Calculations

• Prepare calculations for checking by Senior Analyst and ensure deadlines are adhered to.
• Carry out data checks/analysis for valuations and financial reviews.
• Draft valuation reports to be checked by Senior Analyst.
• Prepare individual calculations and ensure they are done according to the trust deed & rules and are within the accepted turnaround times.
• Ensure work is done in line with the quality control procedures.

Client Relations

• Occasionally communicate with clients to request for information or seek clarification with regard to data received.
• Accompany senior team members to meetings.

Professional Development

• Learn and understand the processes/procedures & systems used for individual calculations and valuations.
• Develop technical knowledge through formal on the job training.
• Identify potential process improvements and other inefficiencies and escalate to senior resources.
• Take on R&D initiatives under guidance of Senior Analyst.
• Assist team to contribute to the actuarial profession in Kenya.

Experience and personal qualities

Must Have Qualifications

• Bachelor’s degree in actuarial science
• Graduated within the past 2 years with a Second-Class Upper Division or above
• Mean Grade of B+ or above in KCSE or its equivalent

The following personal qualities are preferred:

• MS Office with focus on Excel Skills
• Build knowledge of Insurance/Pensions Industry
• Basic actuarial mathematics
• Analytical skills
• Results oriented
• Excellent oral and written communication skills
• Responsible and accountable
• Time management
• Accuracy and attention to detail