Head Jhb - Northern Suburbs

Specd Pty Ltd; Johannesburg; On-site; ZAR 80 000 - 150 000; Full time

Job summary

An established industry player is seeking a Head of Corporate Actuarial to lead a team of actuarial professionals. This pivotal role involves overseeing actuarial valuations, ensuring data integrity, and providing insights to support business decisions. The ideal candidate will have extensive experience in the insurance sector, particularly in regulatory environments, and possess strong leadership skills. This position offers a unique opportunity to impact the company's actuarial function while working in a dynamic and supportive environment.

Qualifications

• NQF Level 7 qualification and progress towards actuarial exams.
• Minimum 8 years in insurance regulatory environment.

Responsibilities

• Oversee actuarial teams and manage valuation data processes.
• Prepare regulatory returns and reports for stakeholders.
• Develop pricing models and manage capital strategies.

Skills

Advanced Excel

Reporting

Leadership

Regulatory Compliance

Education

Bachelor's degree in Actuarial Science

Job description

HEAD OF CORPORATE ACTUARIAL

Reference: JHB-Chris-1

We are recruiting for the position of Head of Corporate Actuarial at a leading insurance company specializing in insurance products for employees across various industries, including COID cover, occupational injuries, funeral cover, and more.

The Head of Corporate Actuarial, reporting to the Executive Actuary, will oversee a team of actuarial professionals ensuring timely and accurate life and non-life actuarial valuations. The role also involves developing and maintaining the actuarial valuation system and ensuring data integrity.

An essential part of this role is supporting the business with insights and preparing reports for the executive and committees.

Duties & Responsibilities

1. Management of the actuarial function: Oversee actuarial teams working on COID and Life Business, support the AIT (IT) business, and ensure proper management of valuation data and processes.
2. Regulatory and reporting: Respond to actuarial queries from regulators, maintain data integrity, and prepare regulatory returns and reports for EXCO, BOARD, and other stakeholders.
3. Financial and risk management: Develop pricing models, set premium rates, monitor experience, and manage capital, solvency, and investment strategies.
4. Team leadership: Manage, supervise, and develop staff, and lead the team to achieve targets.

Qualifications, Skills, and Experience

• Qualification: NQF Level 7, Bachelor's degree in Actuarial Science, with progress towards or completion of actuarial exams (qualified or nearly qualified).
• Experience: Minimum 8 years in an insurance regulatory environment, with knowledge of life and non-life insurance, valuation, and regulatory acts (SAM, IFRS17).
• Skills: Advanced Excel, reporting, leadership, and regulatory compliance expertise.

Package & Remuneration

Details to be discussed based on qualifications and experience.