Actuarial Analyst

Title: Actuarial Analyst

Location: Nairobi, Kenya

Start date: Immediate

About Pula:

Insurance is a tool for vulnerable households in these affected regions to adapt to the effects that climate change is already having today on these households. It is a tool that enables for compensation payment for losses and damages that these households had no part in causing. Insurance compensation enables these households to make adjustments to their day to day livelihoods and practices and therefore allows for an equitable and just transition.

At Pula, we are building the systems that enable farmers worldwide to access insurance, using technology to insure this previously uninsured worldwide. We work in over 17 countries across Africa and Asia, and by 2021, have facilitated crop insurance cover to over 6 million farmers, 30% of which are women, across Kenya, India, Nepal, Pakistan, Rwanda, Uganda, Nigeria, Mali, Senegal, Zambia, Ethiopia, Madagascar, Tanzania, Mozambique and Malawi. We are a for profit,

and have raised over $10 million from leading venture and institutional investors as well as developed philanthropic relationships with private foundations and bilateral donors such as the Bill & Melinda Gates Foundation and German Insure Resilience Solutions Fund that have accelerated investments in our target markets.

Pula is proudly break-neck paced, constantly learning from the challenges we face and overcome. We are proudly culturally diverse but united in our ambition of continuous high-performance. By challenging ourselves we believe that we can overcome the hard problems we love solving.

At Pula, our culture is defined by our:

• Obsession with results: We are responsible for our future and therefore we get things done!
• Ability to connect the Dots: We continuously identify different customer needs & business problems and build solutions that deliver value.
• Our Can do Attitude! We dare to do things differently to make things work. ● Ability to have each others’ back: We look out for each other & we share high quality, timely feedback that makes us better.

What you will be doing:

• Designing, pricing and implementing bespoke Agriculture insurance solutions to different segments, markets and crops etc.
• Conduct, document and implement research on product opportunities as well as projects undertaken by the business. This includes research for improvements to processes under Pula’s existing products, pricing or pay-out techniques.
• Collecting, managing and ensuring high quality data is collected across our countries of operations especially for new or modified products.
• Review and analysis of the data collected as part of developing and pricing the product.
• Creative thinking around analysis of customer data and visualizing this data ● Provide technical and analytical support in engagements with insurers and reinsurers to seek their buy-in into the new or modified products.
• Developing technical notes, legal wordings, and briefs for insurers and reinsurers across various geographies.
• Supporting the business in the negotiation of product design and rates between the client, insurers and reinsurers.
• Payouts: Provide timely payout reports, and present the payout reports to internal as well as external stakeholders which include Commercial teams, Clients, Insurers etc.
• Coordination: Closely coordinate with the Field Operations team to get timely CDR reports and yield data.
• Provide feedback to the Field Ops team on data quality and future improvements. ● Work closely with reinsurers and insurers to get the payout approvals. ● Automation: Work closely with the innovation team on internal automation projects
• Data management: Ensuring data protocol, systems, and quality control measures are developed, identifying, and maintaining digital security systems to safeguard sensitive data, initiate data improvement and data automation strategies.
• Claims experience Analysis: Monitoring claims experience of company’s insurance products to feedback on product re-structuring and pricing decisions.
• Support the overall growth of business of the firm, meeting with external business partners as part of expansion initiatives.
• Understand, analyze, and design solutions based on engagements with potential clients to understand their risk exposure needs.

Education/Experience requirements

• Bachelor's Degree in Actuarial Science
• A minimum of two actuarial papers or equivalent from the Institute and Faculty of Actuaries

What you need to have to be successful i.e. the soft skills:

We value soft skills as much, or often even more as the above mentioned hard skills. The right profile fit for the role is therefore described below, with weights indicating relative importance.

Integrity and Inclusion: Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Maintains high standards of trustworthiness. Role model working both ethically and legally.

Partnering: Demonstrates understanding of the impact of one's own role on all partners and always puts the end beneficiary first.

Results oriented: Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries.

Agility: Open to change and flexible in a fast paced environment. Effectively adapts own approach to suit changing circumstances or requirements. Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements.

Solution-focused: Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving.

Effective Communication: Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.

Continuous learning: Demonstrated interest in improving relevant skills and keeps abreast of developments in own professional area.