Job Description

Ready to lead with impact? As our Senior Manager – Actuary, you’ll guide strategy, empower teams, and transform complex analytics into powerful business outcomes.

About Guardian General Insurance Limited
Guardian General Insurance Limited is a leading property and casualty insurance company dedicated to providing comprehensive coverage and exceptional service to our clients. With a commitment to integrity and innovation, we strive to protect what matters most to our customers and communities.

The Senior Manager – Actuarial, Insurance and Reinsurance is responsible for overseeing the actuarial reserving for Guardian Group P&C across territories excluding Dutch Caribbean. The role is also responsible for the underwriting and reserving process for Guardian P&C Companies excluding Dutch Caribbean. Additionally, to ensure compliance with risk and regulatory requirements relating to new Insurance Acts and IFRS practices and to provide advice and guidance to departments. To assist and attend monthly/quarterly meetings for Board, regulators, rating agencies and other departments. To assist with any other strategic item involving Guardian Group P&C excluding Dutch Caribbean. This job ensures the respective P&C companies can meet their obligations to policyholders as and when they arise, as well as ensure that all reporting and regulatory requirements are met. To provide support to the Senior Managers and Executives across the Guardian Group P&C companies (excluding Dutch Caribbean) covering underwriting, claims and finance and add value from an actuarial perspective. This role has a direct influence on the financial stability, risk and compliance of the P&C Group.

JOB RESPONSIBILITIES:
1. Operations Management
• Coordinate and direct the actuarial exercises for Guardian Group P&C companies excluding Dutch Caribbean.
• Develop internal monitoring reports.
• Liaise with auditors as part of the financial reporting exercise as well as rectifying audit queries.
• Advise and review monthly financials.
• Advise and review internal reserving processes and discuss with the Claims Team.
• To be the key liaison for relationship management between Appointed Actuary and the individual Guardian companies.

2. IFRS17 & Financial Management
• Oversee the preparation of the actuarial inputs for the IFRS17 calculations required for accounting and budgeting purposes.
• Review of the documentation required for IFRS17, e.g. Technical Papers.
• Direct meetings with Audit, Senior Management and Executives to discuss IFRS17 actuarial inputs and impacts, e.g. curves, risk adjustment.
• Review Finance’s IFRS17 financial statements, reconciliations, stress testing and Regulatory Capital Adequacy calculations.
• Advise and guide on all budget items.

3. Analysis Management
• Oversee monthly analyses on claims, financials and other trend items.
• Produce documented presentations showing the results of the analysis and the impact that corrective measures can have on the Company’s bottom line.
• Make recommendations that have a direct positive impact on driving revenue in an upward trajectory from its current state.
• Direct discussions with Senior Management Team on results of analyses.

4. Risk Management
• Oversee the compilation of the risk management reports for the Group Companies as required
• Prepare documentation on the Risk Management processes e.g. ORSA, Stress Testing
• Advise and guide documentation on Guardian Re’s Commercial Insurers Solvency Assessment (CISSA) including the non-actuarial inputs. Review of Bermuda Solvency and Capital Requirements BSCR calculations for EBS.
• Attend monthly Asset Liability Committee meetings
• Risk Committee quarterly meetings to attend and/or present for Group Companies
• To develop and implement risk metrics which cover insurance and non-insurance activities

5. Prepare reports and submissions for and attend/present at Board, Regulator, Finance audit and Board Audit meetings.

6. Prepare reports, review and make recommendations on any strategy relating to any Group Company, e.g. review of any new strategic opportunities.

7. Pricing
• Improve pricing methodologies and techniques across the different lines of business and Group Companies excluding Dutch Caribbean.
• Improve and modify actuarial models for varying economic conditions that impact claim costs and profitability.
• Be in direct discussions with the Senior Management Team on pricing results.

8. Actuarial input
• Provide actuarial input in statistical systems employed
• Prepare documentation of changes made to the systems

9. People Management
• To train, develop and grow the Actuarial Team

10. Any ad hoc duties required by GGIL President.

EDUCATION & EXPERIENCE:
• First Degree in Actuarial Science, Mathematics, Statistics or related field from a recognised tertiary level institution.
• Fellow of the Institute & Faculty of Actuaries, Casualty Actuarial Society, Society of Actuaries or equivalent
• Postgraduate qualification in a related field
• At least 8 years’ experience in a similar role in the insurance industry
• At least 8 years’ experience managing people
• Proven experience in pricing, compliance, reserving and risk management

ADDITIONAL REQUIREMENT:
As a regulated entity with obligations under the Know Your Employee guidelines, a Certificate of Character is required.

PERSON SPECIFICATION:
The Manager – Actuarial Insurance and Reinsurance must be flexible, highly adaptive to changes in the organisation and possess excellent interpersonal skills, with a strong customer service focus. He/ She must be a very meticulous, organised and detail-oriented individual. The individual must possess strong problem-solving skills and be able to make sound decisions.

Applications will be treated with the utmost confidentiality.