Reference: TJH Job Description:
Our client, a leading financial services institution is seeking a senior fully Qualified Actuary to join their team. Responsibilities:
To apply actuarial disciplines to enable analysis, monitoring and commentary on trends in factors that directly or indirectly impact the liabilities of the company.
Conduct experience investigations for the purpose of valuations, product development, risk management and management information.
Report on profitability, capital adequacy and ensure the business operates on a financially sound basis.
Set up appropriate technical provisions for insurance liabilities.
Proactively identify and provide insight on issues / opportunities that detract / enhance embedded value and value of new business creation to enable an informed business response to address emerging issues.
Develop capability to perform on-going monitoring and ad hoc investigations to answer questions from the business to support decision making and prioritisation.
Lead and inspire innovation and transformation in the actuarial Management of the business
Guide the company to respond proactively to regulatory changes and other external factors that have a direct impact on the Actuarial management of the business.
Proactively manage actuarial stakeholders both internal and external including the appointed actuaries and the auditors.
Integrate the actuarial practice of the company with the Group actuarial standards and practice subject to complying with local in-country regulations and guidance.
Advise senior management and the Board with regard to actuarial policies, underwriting, investments, reinsurance and overall risk management of the business
Supervise and develop staff to achieve a highly productive and motivated team.
Develop and implement people capacity plans in line with delivery and performance objectives, on budget and in partnership with specialised area
Requirements: Qualification and Skill
An Actuarial Science degree
Qualified Actuary
Member of a recognized actuarial body
MBA will be an added advantage
10 years post qualification experience, within various actuarial environments (valuations, product development, risk management), or financial services or risk management roles with at least 5 years at a senior managerial level.
Actuarial calculations (reserves, embedded values, tax, unit pricing, statistics, experience investigations)
Knowledge of relevant regulatory requirements (IRA, Companies Act, Income Tax)
Insurance/financial Industry trends and best practice
Company finance and budget process and procedure
Knowledge of insurance products
Economic understanding
Risk awareness
