Actuarial Manager at CIC Insurance

About the Role

We are seeking a forward-thinking Actuarial Manager to provide support to the Subsidiaries and other functions in the Group such as Finance and Risk. The role will involve providing actuarial analysis for the Subsidiaries to ensure the company is always aware of its financial liability position, risks and market dynamics. You will also champion actuarial efficiency, ensure IFRS 17 compliance, and strengthen the integrity and consistency of actuarial reporting across the Group.

Key Responsibilities

Lead IFRS 17 Systemization and Reporting

• Champion automation and systemization of IFRS 17 actuarial reporting processes for Life and General Insurance entities.
• Collaborate with Finance and IT to streamline data integration between actuarial and accounting systems.
• Maintain and enhance actuarial system configurations, assumptions, and methodologies to ensure compliance with IFRS 17 standards.
• Validate actuarial outputs for accuracy, completeness, and audit readiness.
• Drive continuous system improvement and oversee upgrades and enhancements.

Actuarial Modelling and System Development

• Develop and maintain efficient, well-documented actuarial models used for reserving, pricing, and projections.
• Lead automation initiatives to improve actuarial data management and reporting efficiency.
• Integrate actuarial models into enterprise platforms and dashboards.
• Establish governance, version control, and quality assurance for actuarial systems and models.

Cross-Functional Collaboration

• Partner with subsidiary actuarial teams to align methodologies, assumptions, and model configurations.
• Work closely with Group Finance, Risk, and IT to embed actuarial systems into wider Group processes.
• Provide mentorship, training, and technical guidance on model governance and system best practices.
• Actively contribute to Group Actuarial governance and continuous improvement forums.

Governance, Risk, and Compliance

• Ensure actuarial models and reports comply with Group policies, professional standards, and regulatory requirements.
• Maintain comprehensive documentation of actuarial methodologies and assumptions.
• Support internal and external model validation and implement improvement recommendations.

Who We’re Looking For

Qualifications

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or a related quantitative discipline.
• Qualified or near-qualified actuary (IFoA, SOA, ASSA, or equivalent).
• 6–8 years of actuarial experience, including at least 3 years in a Life or General Insurance environment.
• Demonstrated experience in IFRS 17 implementation, actuarial modelling, and systemization.
• Solid understanding of actuarial software (Prophet, MoSes, AXIS, or equivalent) and data tools (SQL, Python, Power BI).
• Strong grasp of insurance financial reporting and reserving methodologies.