Resident Actuary at Stratostaff

Key Responsibilities

Strategic Leadership

• Develop and implement the actuarial department strategy in alignment with organizational objectives and risk appetite.
• Partner with senior management to provide actuarial insights that inform business strategy and decision-making.
• Monitor industry developments, market trends, and regulatory changes to proactively identify opportunities and mitigate risks.

People Leadership

• Lead, motivate, and manage a high-performing actuarial team.
• Build team capability through mentoring, coaching, and professional development.
• Set KPIs, manage performance, and drive accountability within the team.

Operational Delivery

• Lead and oversee actuarial valuations, including IFRS 17 and IAS 19 valuations, and insurance product pricing.
• Develop pension scheme investment policies and strategic plans.
• Design and support the setup of Income Drawdown and Post-Retirement Medical Funds.
• Perform and review actuarial calculations, including: Projecting healthcare costs for corporate clients and Assessing financial impacts of proposed benefit changes to corporate medical schemes.
• Review and validate defined benefit scheme member statements and benefit calculations.

Business Development

• Prepare prospecting proposals and service quotations for new business opportunities.
• Develop and submit responses to RFQs and RFPs.
• Support revenue growth and client retention initiatives through technical input and solution design.

Credit Control

• Follow up on payments and ensure timely collection of fees for services rendered.'

Other Duties

• Perform any other relevant duties as assigned by the line manager in support of departmental and organizational objectives.

Key Result Areas

• New business revenue generation
• Client retention and relationship management
• High-quality service delivery
• Turnaround time (TAT) for internal clients
• Accurate and timely actuarial valuations
• Credible, high-quality internal and external reports
• Debt collection within 60 days

Key Competencies & Skills

• Strong people leadership and performance management capability
• Ability to perform under pressure and meet deadlines
• Excellent time management and attention to detail
• Strong analytical and problem-solving skills
• Report writing and presentation skills
• Budgeting and financial management skills
• Effective interpersonal and communication skills
• Flexibility and adaptability in a dynamic environment

Requirements

Qualifications & Experience

Essential:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Physics, Commerce, or a related field (Master’s degree is an advantage).
• Fellowship of the Institute of Actuaries or another recognized actuarial institute.
• Minimum of 10 years’ relevant experience, with at least 5 years in a supervisory or leadership role.
• Advanced proficiency in actuarial software, VBA, and MS Excel.