Head of Business Intelligence

SUMMARY:
The Head of Business Intelligence plays a key role in ensuring that the company is, at all times, fully apprised of the external risks that could impact the underwriting profit and solvency of the business. Responsible for all business intelligence activities within Company

This would include being responsible for the identification and monitoring of key underwriting risk metrics, management of the catastrophe model, management of probable maximum loss studies, and, undertaking critical research to develop Company’s intelligence regarding critical and emerging underwriting risks

POSITION INFO:
Minimum Requirements
Minimum Qualifications:

• A bachelor degree (actuarial, data science, statistics, mathematics, econometrics).
• CERA qualification, or similar, will be advantageous.

• Minimum of 3 to 6 years’ experience in a similar (risk or actuarial) position.

• Lead team and/or work with suitable industry experts such as consultants, academics, NGOs, international counterparts) to perform research and analysis to identify economic, political, socio-economic, legal, and other risk metrics
• Maintain a database of events that may/do give rise to claims under company’s defined perils. This includes working with other departments (such as underwriting and claims) as well as suitable external parties (e.g. SAPS, NGO’s, social media companies) to develop intelligence to identify and profile events.

• Develop, maintain, and manage Company’s catastrophe model.

• Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international counterparts) to perform research and analysis (and/or work with suitable industry experts such as consultants, academics, NGOs) to develop suitable catastrophe model(s), which can be used for pricing, reinsurance purchase and optimization, underwriting, strategy development, investment strategy, risk mitigation
  
  

• Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international counterparts) to perform PML studies for the purpose of Company’ reinsurance and capital optimization strategies.

• Work with stakeholders in Company, including Underwriting, Claims and SMD, to identify “hot-spots” for Company’s underwriting risk exposure and to develop practical risk mitigation strategies to reduce the incidence of loss events and/or minimize severity from loss events
• Examples include the identification of high-risk transit routes along the SA road network; locations within the country that consistently “flare up” following specified events (e.g. local government elections, university/school registration).

• Assist the broader business with reports and analytics, as may be required from time to time.
• Examples may include the development of models to validate claims against a register of potential loss events, identification of multi claimants, fraud analytics

• Work closely with IT and BCT to ensure that suitable technological and data management solutions are in place tom support Company’s current and future data and analytics needs.

• Contribute to the successful achievement of Company’s vision, strategy, and business plan, by assisting with the resolution of problems that pose a threat to the Company of not achieving its vision, strategy, and business plan.
• Responsible for considering key risks and broad-based solutions for a number of key projects / issues within Company

• Contribute to the creation the Company’s long-term strategy and short-term business plan.
• Shaping Company’s risk culture by ‘setting the tone from the top’ not only through words but actions and reinforcing commitment.

• Managing own career by being accountable for one’s behavior, performance and development
• Managing individual and team performance to achieve individual and organization goals and objectives.

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