Senior Actuarial Manager at Britam

Job Purpose: 
Reporting to the Chief Actuary, 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. 

Key responsibilities 

• Provide input into underwriting strategy and rules for General Insurance, entities across the Group.
• Analyze statistical data in order to determine rates for different risks in acceptance of proposals for new policies and products in conjunction with the underwriting department. 
• Review the product performance with regards to their claims and expense experience and advise on appropriate pricing. 
• Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy.  
• Working with the risk and compliance department in the measurement quantification of operational risk in General Insurance entities. 
• Provide leadership to the team in determining and calculating all GI insurance contract reserves. 
• In charge of developing the Asset Liability Management framework for the General Insurance entities, working closely with the wider Actuarial Team and the investment team to actualize the ALM framework. 
• Coordinate the preparation of business plans/budgets and capital management initiatives for the GI business. 
• Provides input to the enterprise risk management by conducting stress and scenario testing, reviewing the risk appetite statements, etc. 
• Ensuring compliance with IRA regulation and other relevant regulations. 
• Supervising, mentoring and coaching staff under supervision 
• Work closely with the finance function, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements. 
• Be highly conversant with IFRS 17 requirements and have the relevant skills to implement the new standard. 
• Make presentations to management and board on the performance of the various GI entities, including financial impacts of actions taken by management and the board. 
• Perform any other duties as may be assigned from time to time 

Knowledge, experience and qualifications required

Knowledge, experience and qualifications required 

• University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency.
• 7-9 years’ of relevant actuarial experience in an actuarial function with a company with a similar maturity level as Britam.  
• Fellow of the Institute of Actuaries or significant progress with exams from a recognized actuarial body. 
• Experience working in a fast-growing environment. 
• Excellent team leadership skills, communication, organization and presentation skills. 
• Team Development & Capacity Building. 
• Board & Executive Financial Advisory.