Actuarial Manager

Positron SE; Johannesburg; On-site; ZAR 600,000 - 1,200,000; Full time

Job summary

A leading company in the financial sector is seeking an Actuarial Manager to lead a dynamic actuarial team. The role is central to managing client relationships, overseeing capital modelling processes, and implementing risk management strategies. This position requires strong analytical skills and a deep understanding of actuarial principles, aiming to foster a culture of continuous improvement and learning within the team.

Qualifications

• Manage actuarial team and engage with auditors.
• Implement consistent processes for accurate reporting.
• Drive change management through regulatory developments.

Responsibilities

• Oversee internal and external capital reporting.
• Build client relationships and ensure alignment with needs.
• Drive continuous learning and employee development.

Skills

Analytical analysis

Capital modelling

Relationship management

Change management

Risk management

Education

Actuarial qualifications

Job description

We are looking for an Actuarial Manager to manage an actuarial team responsible for analytical analysis and capital modelling.

Duties and Responsibilities:

Internal process

• Provide analysis of results, engaging directly with auditors and responsible for the preparation of internal and external capital reporting material.
• Establish and implement consistent processes and controls across the business, to ensure accurate reporting and risk management.
• Accountability for developing and maintaining Prophet technical provisions modelling and capital models on cell clients allocated to the team.
• Responsible for the team's vetting of accounting data, asset data, reinsurance data and exposure data used for actuarial valuations.
• Responsible for the delivery of the quantitative projections for the annual ORSA on cell clients allocated to the team.
• Deliver annual, quarterly and monthly SCR analysis of our client and its cells in line with Group practices and policies.
• Develop financial insights to 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 any conflicting interests.
• Drive change management through regulatory and technical developments.
• Oversee continued automation of the SAM capital modelling infrastructure.

Client

• Build and maintain relationships with clients and stakeholders.
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.

People

• Participate in development and implementation of broader people strategy specific to actuarial job family.
• Create a positive work climate and culture, minimise work disruption and maximise employee productivity.
• Develop and drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
• Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.

Finance

• Contribute to the resolution of high risk and problematic capital issues in area of accountability and contribute to the development of policy.
• Implement and provide feedback on the effectiveness of financial policy, practice and procedures: preventing illegal, unethical or improper conduct.
• Develop and implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability.