Job Description

Actuarial Manager

Internal Process

• Provide analysis of results, engage directly with auditors, and prepare internal and external capital reporting material.

• Establish and implement consistent processes and controls across the business to ensure accurate reporting and effective risk management.

• Take accountability for developing and maintaining Prophet technical provisions modelling and capital models for cell clients allocated to the team.

• Vet accounting data, asset data, reinsurance data, and exposure data used for actuarial valuations.

• Deliver quantitative projections for the annual ORSA on allocated cell clients.

• Deliver annual, quarterly, and monthly SCR analysis of The Company Life and its cells, in line with Group practices and policies.

• Develop financial insights into proposed product developments and reinsurance arrangements.

• Oversee dividend review and sign-off processes.

• Support business stakeholders with capital projections and plans for new business onboarding and sign-off.

• Collaborate with internal and external stakeholders, identifying and resolving conflicting interests.

• Drive change management initiatives in response to regulatory and technical developments.

• Oversee continued automation of the SAM capital modelling infrastructure.

Client

• Build and maintain strong relationships with clients and stakeholders.

• Contribute to maintaining a competitive edge through external networking, benchmarking, and representation on industry forums.

• Engage with key internal and external stakeholders to identify evolving client needs and recommend service alignment strategies.

People

• Participate in the development and implementation of a broader people strategy specific to the actuarial job family.

• Create a positive work climate and culture to minimise disruption and maximise employee productivity.

• Foster a culture of best practice, continuous learning, improvement, and team cohesion.

• Promote a learning and growth culture by encouraging open sharing of insights, trends, and lessons learned.

• Identify employee growth and development needs and schedule relevant training and development interventions.

Finance

• Contribute to the resolution of high-risk and problematic capital issues within your area of responsibility.

• Provide input and feedback on financial policies, practices, and procedures, ensuring adherence to ethical and legal standards.

• Develop and implement governance, compliance, and risk management policies to identify and manage exposure and liability.

Competencies Required

• Minimum of 3 years' management experience.

• Expert knowledge of Prophet software.

• Proficient in Prophet, MS Office, and working knowledge of MS SQL.

• Intermediate to advanced programming experience.

• Advanced understanding of the SCR components of a life insurer, as per the Prudential Standards (cell captive experience is advantageous).

• Knowledge of relevant legislation, including the Insurance Act, Prudential Standards, and IFRS 17.

• Advanced understanding of discounted cash flow models, reserving methods, and liability valuation methods.

• Strong skills in Prophet software coding and model development.