Acturial Manager at Trident Insurance Company

• Responsible for actuarial modelling and reporting in IFRS 17 financial standard, product development & profit-testing, solvency, regulatory reporting and compliance. The role holder will provide actuarial support to business and participate in overall risk management for the company. He/she is expected to lead and manage a team that is all rounded and highly motivated to achieve both their personal and career objectives.

JOB DESCRIPTION FOR ACTUARIAL MANAGER:

• Review valuation parameters and change where necessary in consultation with the PO.
• Review valuation results and make the monthly management report
• Review liability levels and advice the finance department accordingly.
• Review and recommend on appropriate product pricing for existing and new products
• Continuously review the level of value provided by our products to the policyholders
• Review and recommend appropriate profitability levels for all products on a monthly/quarterly basis
• In liaison with the other departments, roll out the implementation and training timetable.
• Present actuarial reports to the board and management from time to time.
• Facilitate review of new products by the Actuarial Consultants and provide feedback to management.
• Ensure regulatory actuarial reports for both quarterly and annual reporting are prepared and submitted.
• Monitor risk within business positions to ensure excessive risks are not taken during business execution.
• Ensure compliance to IRA regulation.
• Working closely with the Business Development and Marketing team in the interest of satisfying customer demands.
• Monitoring the competition and the regulatory environment, identifying and analyzing major changes in the industry.
• Looking for possible new partners for the introduction of new services and product features.

Qualifications.

• Must be a member of Institute and Faculty of Actuaries or its equivalent.
• Must have attained a Fellowship Qualification.
• A Bachelor’s degree in Actuarial Science, Statistics, Mathematics or any other related field.
• At least 5 years working experience in an actuarial function or consultancy.