Reserving and Corporate AI Actuary
Reserving and Corporate AI Actuary
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1 Vacancy
Job Description
Reserving and Corporate AI Actuary
Minimum Requirements:
- Matric (Grade 12)
- Honours degree in Actuarial Science
- Fellow of the Actuarial Society of South Africa (FASSA)
Responsibilities:
- Reserving estimation:
- Lead the development enhancement and implementation of robust reserving processes and methodologies using actuarial and advanced modelling techniques.
- Monitor experience and assess reserve adequacy making enhancements as necessary based on emerging data and trends.
- Use data analytics to analyze historical experience to assist Senior
- Management with strategic decisionmaking processes.
- Stay updated with and ensure compliance to the relevant regulatory
requirements and standards (IFRS 17 SAM APNs etc.) - Corporate Artificial Intelligence Champion
- Serve as the AI Champion for the Corporate Actuarial team identifying and implementing opportunities to integrate artificial intelligence and machine learning techniques into actuarial processes.
- Collaborate closely with the wider Company Insure AI and Operational
- Analytics teams to develop and implement AI solutions that enhance actuarial models data analysis and decisionmaking processes.
- Lead and provide guidance on AIrelated initiatives within the Corporate
- Actuarial function.
- Leadership and Innovation
- Define and articulate a strategic vision for the future development of the reserving function incorporating advancements in technology analytics and regulatory requirements.
- Lead initiatives to streamline processes and enhance the scalability of reserving methodologies ensuring readiness for business growth and expansion into new markets.
- Champion innovation and collaboration within the actuarial team fostering a culture of continuous improvement and knowledge sharing.
- Stakeholder Engagement
- Collaborate with underwriting finance claims and pricing teams to optimize the reserving process and provide feedback into strategic decisionmaking processes.
- Manage deliverables and relationships with external audit Head of Actuarial Function Group Risk and the Prudential Authority.
- Presentations to the Actuarial Committee and Senior Management on model enhancements and financial results.
Employment Type
Full Time
