The Actuarial Manager role is a forward-thinking position dedicated to providing critical support to the Subsidiaries and other Group functions such as Finance and Risk. This position requires providing comprehensive actuarial analysis to ensure the company maintains constant awareness of its financial liability position, associated risks, and market dynamics. Key goals include championing actuarial efficiency, ensuring seamless IFRS 17 compliance, and strengthening the integrity and consistency of actuarial reporting across the Group.
Key Responsibilities
Lead IFRS 17 Systemization and Reporting
- Champion the automation and systemization of IFRS 17 actuarial reporting processes for both Life and General Insurance entities.
- Collaborate closely with the Finance and IT departments to streamline data integration between actuarial and accounting systems.
- Maintain and enhance actuarial system configurations, assumptions, and methodologies to guarantee compliance with IFRS 17 standards.
- Validate actuarial outputs rigorously for accuracy, completeness, and audit readiness.
- Drive continuous system improvement and oversee necessary upgrades and enhancements.
Actuarial Modelling and System Development
- Develop and maintain efficient, thoroughly documented actuarial models used for key functions like reserving, pricing, and financial projections.
- Lead automation initiatives aimed at improving actuarial data management and reporting efficiency.
- Integrate actuarial models effectively into enterprise platforms and dashboards.
- Establish robust governance, version control protocols, and quality assurance processes for all actuarial systems and models.
Cross-Functional Collaboration
- Partner with subsidiary actuarial teams to align methodologies, assumptions, and model configurations throughout the Group.
- Work closely with Group Finance, Risk, and IT departments to embed actuarial systems into wider Group operational processes.
- Provide essential mentorship, training, and technical guidance on model governance and system best practices to team members.
- Actively contribute to Group Actuarial governance and continuous improvement forums.
Governance, Risk, and Compliance
- Ensure that all actuarial models and reports comply strictly with Group policies, professional standards, and relevant regulatory requirements.
- Maintain comprehensive documentation covering actuarial methodologies and key assumptions.
- Support internal and external model validation exercises and implement resulting improvement recommendations.
Qualifications
- Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or a related quantitative discipline.
- Qualified or near-qualified actuary (IFoA, SOA, ASSA, or equivalent professional body).
- 6–8 years of actuarial experience, including at least 3 years spent specifically in a Life or General Insurance environment.
- Demonstrated experience in IFRS 17 implementation, actuarial modelling, and systemization.
- Solid understanding and proficiency in actuarial software (Prophet, MoSes, AXIS, or equivalent) and relevant data tools (SQL, Python, Power BI).
- Strong grasp of insurance financial reporting and reserving methodologies.
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