Executive Actuary

SUMMARY:

POSITION INFO:
Job Description
Direct and oversee the Non-Life function by coordinating personnel, implementing procedures, and facilitating interactions to ensure the effective assessment and reporting of technical provisions and capital necessities for the company's non-life insurance operations across its territories.

Responsibilities

• Lead strategic initiatives aligning with company goals for sales growth and client satisfaction.
• Provide executive guidance on financial and risk matters, supporting planning with analyses.
• Establish uniform reporting frameworks and protocols across operations.
• Offer strategic insights to optimize financial performance and capitalize on opportunities.
• Contribute to strategic planning within the Non-Life division.
• Develop and maintain robust actuarial valuation and capital modelling practices.
• Ensure accuracy of technical provisions and regulatory capital assessments.
• Oversee acquisition of policy data, accounting records, and asset information.
• Cultivate trust-based relationships with stakeholders.
• Uphold competitive edge through networking and benchmarking.
• Collaborate on enhancements to service offerings based on client needs.
• Lead team to foster a positive work environment and productivity.
• Recruit and onboard professionals aligned with company values.
• Manage team performance to meet business objectives.
• Oversee financial management and risk mitigation.
• Supervise budgeting, reporting, and collaboration with audit teams.
• Improve cost efficiency and operational effectiveness.
• Implement financial risk management methodologies and systems.

• Qualified Actuary (Fellow Member of the Actuarial Society of South Africa (FASSA))
• Bachelor's degree in Actuarial Science or relevant

• 8 years of work experience (predominantly in the non-life space)
• Management experience
• Proficiency in Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and fundamental risk management principles
• Familiarity with Enterprise Risk Management (ERM), Own Risk and Solvency Assessment (ORSA), and Solvency Assessment and Management (SAM) practices and principles

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