Chief Actuary / Senior Actuary - (Insurance / Risk / Long Term / General / Product Development) at CA Global

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