Resident Actuary

Division/Department: Employee Benefits / Actuarial
Reports To: Director Employee Benefits

Role Purpose

Provide actuarial consultancy services in close liaison with the Pensions Division to support strategic decision-making regulatory compliance product development and sustainable growth of the employee benefits portfolio.

Key Responsibilities

1. 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.
  

2. 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.
  

3. 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.
  

4. 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.
  

5. Credit Control

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

6. 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