Actuarial Manager
Actuarial Manager
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Salary Not Disclosed
1 Vacancy
Job Description
Actuarial Manager
Internal Process
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Provide analysis of results engage directly with auditors and prepare internal and external capital reporting material.
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Establish and implement consistent processes and controls across the business to ensure accurate reporting and effective risk management.
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Take accountability for developing and maintaining Prophet technical provisions modelling and capital models for cell clients allocated to the team.
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Vet accounting data asset data reinsurance data and exposure data used for actuarial valuations.
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Deliver quantitative projections for the annual ORSA on allocated cell clients.
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Deliver annual quarterly and monthly SCR analysis of The Company Life and its cells in line with Group practices and policies.
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Develop financial insights into proposed product developments and reinsurance arrangements.
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Oversee dividend review and sign-off processes.
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Support business stakeholders with capital projections and plans for new business onboarding and sign-off.
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Collaborate with internal and external stakeholders identifying and resolving conflicting interests.
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Drive change management initiatives in response to regulatory and technical developments.
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Oversee continued automation of the SAM capital modelling infrastructure.
Client
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Build and maintain strong relationships with clients and stakeholders.
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Contribute to maintaining a competitive edge through external networking benchmarking and representation on industry forums.
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Engage with key internal and external stakeholders to identify evolving client needs and recommend service alignment strategies.
People
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Participate in the development and implementation of a broader people strategy specific to the actuarial job family.
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Create a positive work climate and culture to minimise disruption and maximise employee productivity.
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Foster a culture of best practice continuous learning improvement and team cohesion.
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Promote a learning and growth culture by encouraging open sharing of insights trends and lessons learned.
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Identify employee growth and development needs and schedule relevant training and development interventions.
Finance
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Contribute to the resolution of high-risk and problematic capital issues within your area of responsibility.
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Provide input and feedback on financial policies practices and procedures ensuring adherence to ethical and legal standards.
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Develop and implement governance compliance and risk management policies to identify and manage exposure and liability.
Competencies Required
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Minimum of 3 years management experience.
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Expert knowledge of Prophet software.
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Proficient in Prophet MS Office and working knowledge of MS SQL.
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Intermediate to advanced programming experience.
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Advanced understanding of the SCR components of a life insurer as per the Prudential Standards (cell captive experience is advantageous).
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Knowledge of relevant legislation including the Insurance Act Prudential Standards and IFRS 17.
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Advanced understanding of discounted cash flow models reserving methods and liability valuation methods.
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Strong skills in Prophet software coding and model development.
Employment Type
Full Time
