On 17th October 2024, Actuarial Science students at Chuka University had the privilege of attending a one-hour mentorship session with Jay Kosgei, FIA, the Principal Actuary from Zamara Group. This session was not just a typical talk—it was an eye-opening journey into the world of actuarial science, inspiring students to see the vast opportunities and the perseverance needed to succeed in this challenging field.
Mr. Kosgei kicked off the session by introducing Zamara Group and its global footprint, providing the students with insight into the company’s influential role in actuarial services and consulting. He then shared his own personal journey of becoming a qualified actuary, emphasizing that the path is demanding but ultimately rewarding.
The session covered crucial topics such as the actuarial professional examinations, a key component in the path to becoming a certified actuary. Mr. Kosgei acknowledged the financial burden of these exams but reassured students by highlighting available scholarships from the Insurance Regulatory Authority and the support some employers offer in covering exam fees for employees. This was a welcome message for many students who may feel overwhelmed by the cost of professional certification.
Diving into the actuarial job market, Mr. Kosgei discussed the wide range of career options available to actuarial graduates and shared valuable insights on what employers look for in fresh graduates. He provided essential interview tips, advising students on how to stand out during the hiring process, from building a strong résumé to showcasing problem-solving abilities and interpersonal skills.
Mr. Kosgei emphasized the importance of networking and mentorship, encouraging students to get involved with organizations such as the Actuarial Society of Kenya (TASK), Actuarial Students’ Society of Kenya (ASSK), and the Actuarial Academy of East Africa (AAEA). These networks offer invaluable support and resources for young professionals entering the industry.
Another critical aspect of the session was the focus on soft skills and technical expertise. Mr. Kosgei stressed the need for actuarial students to sharpen their communication and analytical skills, as these are essential in the workplace. He also highlighted the growing importance of proficiency in statistical packages like R and Python, urging students to invest time in learning these tools to stay competitive in the market.
Finally, Mr. Kosgei left the students with a profound message: “Every small step taken today contributes to your future success.” He reminded the mentees that by taking action, maintaining a positive attitude, and being resilient in the face of challenges, they can achieve their aspirations.
The mentorship session was both motivational and practical, equipping students with knowledge, strategies, and a renewed determination to pursue their dreams in the actuarial field. The event marked a significant moment in the students’ academic journey, giving them the confidence to navigate their future with purpose and optimism.
