Chief Actuary Chief Actuarial Officer

Job Title: Chief Actuary / Chief Actuarial Officer (CAO)

Role Summary

The Chief Actuary serves as the senior-most authority on actuarial matters responsible for safeguarding the financial soundness of the organization through robust pricing reserving and risk management practices. This role partners closely with the Board and executive leadership to drive strategic decisions ensure regulatory compliance and optimize capital efficiency.

Key Responsibilities

1. Actuarial Leadership & Governance

Lead and oversee the actuarial function across all business lines

Establish actuarial policies standards and governance frameworks

Serve as the primary actuarial advisor to the Board and executive committee

2. Reserving & Valuation

Ensure adequacy and integrity of technical reserves

Sign off actuarial valuations and statutory reports

Oversee financial reporting under frameworks such as IFRS 17 Solvency II or US GAAP

3. Pricing & Profitability

Direct pricing strategy to balance growth competitiveness and profitability

Approve pricing models and assumptions

Partner with underwriting and product teams on portfolio optimization

4. Risk & Capital Management

Lead actuarial contributions to Enterprise Risk Management (ERM)

Develop and maintain capital models (economic capital stress testing)

Advise on reinsurance strategy and capital allocation

5. Regulatory & Stakeholder Engagement

Act as the Appointed Actuary (where applicable)

Liaise with regulators auditors and rating agencies

Ensure compliance with local and international actuarial standards

6. Data Analytics & Transformation

Champion advanced analytics predictive modeling and AI-driven actuarial tools

Oversee modernization of actuarial systems and data infrastructure

Qualifications & Experience

Fellow of a recognized actuarial body such as:

Institute and Faculty of Actuaries (FIA)

Society of Actuaries (FSA)

Actuarial Society of India (FIAI)

1520 years of actuarial experience with significant leadership exposure

Deep expertise in pricing reserving capital modeling and regulatory frameworks

Proven ability to influence executive stakeholders and Boards

Key Competencies

Strategic thinking and financial acumen

Leadership and team-building capability

Strong regulatory and governance expertise

Advanced analytical and quantitative skills

Clear communication of complex actuarial concepts