Head of Actuarial & Analytics at Jubilee Insurance

Job Ref. No: JHIL095

Role Purpose

As the Head of Actuarial & Analytics, you will be responsible for developing and executing the strategic vision for the actuarial department in the Company. This includes setting long-term goals, defining key performance indicators (KPIs), and aligning the actuarial team's efforts with the broader business objectives. You'll need to analyze market trends, regulatory changes, and industry developments to shape the actuarial strategies and ensure that they support the organization's growth and profitability targets while leveraging on your technical knowledge to support strategy delivery.

Main Responsibilities Strategic

• Provide Strategic Leadership: Develop and implement Actuarial Strategies aligned with the overall organizational objectives, risk appetite and regulatory requirements.
• Identify and pursue opportunities for business growth by leveraging actuarial expertise. Collaborate with other teams to develop and refine insurance products, pricing strategies and underwriting guidelines based on actuarial analysis.
• Collaboration with stakeholders: Work closely with senior management and other departments to provide actuarial insights and support business initiatives.
• Industry Knowledge and trends: Stay abreast of emerging actuarial methodologies, industry trends and advancements in actuarial technology and evaluate their potential impact on the organization.

Operational

• Actuarial Analysis and Modelling: Oversee Actuarial Analysis; including pricing, reserving, financial forecasting, and capital modelling to support business decision making and financial planning.
• Financial Reporting and Analysis: Oversee the preparation and analysis of Actuarial reports, financial statements, and management information for internal and external stakeholders.
• Process Improvement: Identify opportunities for process improvement, automation and efficiency enhancements within the Actuarial function promoting best practices and innovation.

Corporate Governance

• Risk Assessment and Management: Assess and monitor risks related to insurance products, investment portfolios and other financial liabilities and develop risk management strategies to mitigate those risks.
• Regulatory Compliance: Ensure Compliance with relevant regulatory requirements and industry standards, staying updated on changes in regulations and incorporating them into actuarial practices and reporting.

Leadership & Culture

• Relationship Building: Cultivate strong relationships with business leaders, regulators, industry associations and external partners to foster collaboration and represent the organization’s actuarial function.
• Leadership and Team Management: Lead, monitor and develop the team fostering a high-performance culture and ensuring the development of technical skills and professional growth; Set clear goals provide guidance and support and conduct performance evaluations for the team; Foster a collaborative and inclusive work environment that encourages innovation and continuous learning.

Key Competencies

• Actuarial Modelling
• Statistical Analysis
• Risk Management; including understanding of risk measurement methodologies and frameworks such as Var, Solvency II, IFRS 17
• Financial Reporting
• Pricing and Product Development
• Data Management and Analysis
• Communication and Presentation

Qualifications

• Master’s degree in a relevant field
• Bachelor’s degree in actuarial science
• Professional Actuarial Qualification (Fellow of the Society of Actuaries)

Relevant Experience

• Minimum of 10 years of relevant working experience in a similar or equivalent Senior Management role in Actuarial. Experience in implementation of IFRS 17 for short – term business would be an added advantage.