Job Description

Reserving and Corporate AI Actuary

Minimum Requirements:

• Matric (Grade 12)
• Honours degree in Actuarial Science
• Fellow of the Actuarial Society of South Africa (FASSA)

Responsibilities:

• Reserving estimation:
• Lead the development, enhancement and implementation of robust reserving processes and methodologies using actuarial and advanced modelling techniques.
• Monitor experience and assess reserve adequacy, making enhancements as necessary based on emerging data and trends.
• Use data analytics to analyze historical experience to assist Senior
• Management with strategic decision-making processes.
• Stay updated with and ensure compliance to the relevant regulatory
  requirements and standards (IFRS 17, SAM, APNs etc.)
• Corporate Artificial Intelligence Champion
• Serve as the AI Champion for the Corporate Actuarial team, identifying and implementing opportunities to integrate artificial intelligence and machine learning techniques into actuarial processes.
• Collaborate closely with the wider Company Insure AI and Operational
• Analytics teams to develop and implement AI solutions that enhance actuarial models, data analysis, and decision-making processes.
• Lead and provide guidance on AI-related initiatives within the Corporate
• Actuarial function.
• Leadership and Innovation
• Define and articulate a strategic vision for the future development of the reserving function, incorporating advancements in technology, analytics, and regulatory requirements.
• Lead initiatives to streamline processes and enhance the scalability of reserving methodologies, ensuring readiness for business growth and expansion into new markets.
• Champion innovation and collaboration within the actuarial team, fostering a culture of continuous improvement and knowledge sharing.
• Stakeholder Engagement
• Collaborate with underwriting, finance, claims and pricing teams to optimize the reserving process and provide feedback into strategic decision-making processes.
• Manage deliverables and relationships with external audit, Head of Actuarial Function, Group Risk and the Prudential Authority.
• Presentations to the Actuarial Committee and Senior Management on model enhancements and financial results.