Capital Manager

Collinson; Cape Town; On-site; ZAR 500,000 - 800,000; Full time

Job summary

A global loyalty and benefits company is seeking a Capital Manager in Cape Town. This role supports the Head of Capital Management in delivering capital operations, focusing on developing a capital management framework and improving processes through technology. The ideal candidate is a qualified actuary with significant non-life capital experience and strong analytical skills, ready to drive insights and mentor junior team members.

Qualifications

• Nearly/newly qualified actuary or qualified by experience.
• Significant non-life capital experience.
• Ability to work proactively and autonomously.

Responsibilities

• Support the development of capital management data sources.
• Monitor investment performance and work with investment teams.
• Mentor and manage team members.

Skills

Analytical mindset

Commercial awareness

Strong verbal communication

Strong written communication

Education

Qualified actuary or equivalent experience

Job description

Collinson is a global loyalty and benefits company.

We use our expertise and products to craft customer experiences which enable some of the world’sbest known brands to acquire, engage and retain the most demanding and choice-rich customers. Inparticular, our unique expertise and insight into high earning, frequent travellers allows us to createproducts and solutions for our clients that inspire greater customer engagement to drive moreprofitable relationships, enrich their travel experiences, protect what matters and assist in in timesof need.While specialising in Financial Services, Travel and Retail, we also support clients in multiple sectors.We have worked with over 90 airlines, 20 hotel groups and more than 600 financial institutions andbanks, with clients including Accor Hotels, Air France KLM, American Express, British Airways, CathayPacific, Diners Club, Mandarin Oriental, Mastercard, Radisson Hotel Group, Sephora, Visa and Vhi.We take our 30 years’ experience working with these kinds of household names in over 170countries, and help our clients to deliver the smarter experiences it takes to differentiate theirpropositions, and help them win deeper devotion with their customers.

Collinson is a privately-owned entrepreneurial business with 2,000 passionate people working in 20locations worldwide. Our solutions include Priority Pass, the world’s best known airport experiencesprogramme, while we are also the trusted partner behind many of the leading financial services,airline and hotel brand’s reward programmes and loyalty initiatives.

Purpose of the job

The primary focus of the actuarial function is to contribute to the successful delivery of the businessstrategy by providing insightful actuarial analysis, whilst also fulfilling its regulatory responsibilitiesand ensuring policyholders’ interests are adequately protected.

The Capital Manager supports the Head of Capital Management to deliver the capital operationswithin the actuarial function. The main focus of the role is on developing and embedding a capitalmanagement framework, including asset and liability management, and driving continuous processimprovement. There is a need to transform the function to be more insight led through better useof technology, automation and more sophisticated analytical techniques.

Key Responsibilities

Data

· Support the development, updating and maintenance of capital management data sourceswithin Actuarial to ensure the data remains appropriate, accurate and complete, includingcarrying out appropriate validation checks.

· Identify opportunities and suggest improvements to make better use of data and producemore insightful actuarial analysis.

Risk & Capital

· Support with the design and implementation of an appropriate investment strategy to maximise returns within an agreed market risk appetite framework.

· Monitor investment performance and work with the Investment team and Group Treasuryteam to ensure the strategy is executed effectively.

· Support the implementation and embedding of an effective asset & liability management framework, including matching interest rate risk, currency hedging, etc.

· Support the production of a detailed capital plan on a quarterly basis, including projecting SIIbalance sheets and solvency capital requirements as part of the ORSA.

· Support with developing and embedding an effective return on capital (RoC) framework,including working with the lines of business to agree a manageable and effective way tocalculate the RoC for new and existing insurance deals.

· Support with producing recommendations on capital optimisation relating to reinsurance purchases, investment strategy, new business strategy, shareholder dividends, etc.

· Support with risk management activities, including designing, building and operating scenario modelling tools to assist with the ORSA.

· Support with the production of documented capital management outputs for sign-off by theChief Actuary, any relevant committees, and the external auditors (as required).

Reserving

· Support the quarterly and year-end calculation processes, including providing peer review ofanalysis when required.

Other

· Mentor and manage team members, including hiring, training, performance managementand quality assurance of their work.

· Automate processes relating to data preparation and transformation, data visualisation, reporting, etc and generate concise summary dashboards to share with the business.

· Support with reinsurer requests for data and respond to queries promptly.

· Ensure professional qualifications and any CPD requirements are adequately maintained.

Knowledge, skills and experience required

· A nearly / newly qualified actuary or qualified by experience.

· Significant non-life capital experience.

· An analytical mindset, commercial awareness and strong written and verbal communicationskills.

· An ability to work proactively and autonomously to take ideas from proof of concept through to delivery.

· Able to deputise for the Head of Capital Management where required.

Collinson is an equal opportunity employer and welcomes differences in all their forms including: colour, race, ethnicity, gender identity, sexual orientation, neurodivergence, family status, age, individuals with disabilities and people from all backgrounds, cultures and experiences as we strongly believe this contributes to our on-going success.

We are focused on continually evolving our purpose driven, high performing culture, providing an environment where our people have the opportunity to achieve their full potential and do interesting and meaningful work. Our company values are: Take Action, Do the right thing, One team and Be insight led. These help guide everything we do internally in terms of how we think, act and interact, right through to how we deliver value to our customers and clients.

In your application, please feel free to note which pronouns you use (For example - she/her/hers, he/him/his, they/them/theirs, etc).