Actuarial Analyst

Madison Money Market Fund
Daily Yield: 9.82%
Effective Annual Yield: 10.31%
Madison Fixed Income Fund
Daily Yield: 10.45%
Effective Annual Yield: 11.02%
Madison Wealth Special Fund
Weekly Average Daily Yield: 11.38%
Weekly Average Effective Annual Yield: 12.05%

Madison Life Assurance Kenya Limited, a subsidiary of Madison Group Limited, is a well-known provider of life assurance, group schemes and pension administration in Kenya. The Group also provides through two other subsidiaries, general insurance underwriting as well as fund management services.

The Company is recruiting for the position of Actuarial Analyst reporting to the Actuarial Products Associate. The job holder will be based at its Head Office in Madison House, Nairobi.

• 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.
• Perform additional actuarial analyses as required by the business.
• Other duties as may be assigned by the Actuarial Associate from time to time.

• University Degree in Actuarial Science.
• One-year experience in an Actuarial function.
• Candidate must have passed at least One Actuarial Professional Exams.
• Proficient in Excel, Prophet, Python, and/or R.
• Strong analytical and problem-solving skills.
• Ability to work well in a team.

Qualified candidates are requested to forward their CV and Cover letter to  not later than 12
th
March 2026 stating the Role as the Subject of the email.

Your privacy matters to us at Madison Group Limited, as part of our hiring process your personal data will be processed in line with our Recruitment Privacy Notice, which is available at  .

Madison Life Assurance Kenya Limited is an equal opportunity employer, committed to diversity and inclusion in the workplace. All qualified applicants will receive fair consideration for employment based on merit, skills and experience.