Head, Actuarial Services

Actuarial Leadership:

• Provide strategic direction for the actuarial function and ensure alignment with the organisation's overall business objectives.
• Establish robust actuarial methodologies, processes and governance frameworks.
• Provide expert actuarial advice to executive management and relevant business units.
• Lead the development and continuous improvement of actuarial policies and procedures.

Valuation & Reserving:

• Oversee the valuation of insurance liabilities and technical provisions.
• Ensure appropriate methodologies and assumptions are applied in determining reserves.
• Review reserve adequacy and identify emerging trends that may affect the organisation's financial position.
• Provide actuarial insights into claims development, liabilities and future obligations.

Pricing & Product Development:

• Lead actuarial input into the pricing of insurance products.
• Evaluate product profitability, pricing assumptions and expected financial outcomes.
• Support the development and review of new and existing insurance products.
• Monitor pricing performance and recommend adjustments where required.

Financial & Business Analysis:

• Provide actuarial analysis to support business planning, budgeting and forecasting.
• Develop financial models to assess business performance and future scenarios.
• Evaluate the financial implications of strategic and commercial decisions.
• Provide management with actionable insights from actuarial and business data.

Risk Management & Capital:

• Support the organisation's assessment of insurance and financial risks.
• Conduct scenario analysis and stress testing to evaluate potential exposures.
• Provide actuarial input into capital management and solvency assessments.
• Identify emerging risks and recommend appropriate mitigation strategies.

Regulatory & Governance:

• Ensure actuarial activities comply with applicable regulatory requirements and professional standards.
• Prepare and review actuarial reports and submissions required by relevant regulatory authorities.
• Maintain appropriate documentation supporting actuarial assumptions, methodologies and conclusions.
• Promote strong governance and control within the actuarial function.

Data, Modelling & Analytics:

• Strengthen the use of actuarial models and analytical tools in business decision-making.
• Ensure integrity, reliability and consistency of data used for actuarial analysis.
• Introduce improved modelling techniques and analytical approaches where appropriate.
• Translate complex actuarial outputs into clear business recommendations for non-technical stakeholders.

Team Leadership & Capability Building:

• Lead, coach and develop the actuarial team.
• Establish clear performance objectives and technical development plans.
• Build a culture of accuracy, professional excellence and continuous learning.
• Support succession planning and development of actuarial talent within the organisation.

Key Deliverables

• Success in this position will be measured by:
• Accuracy and adequacy of actuarial valuations and reserves.
• Effectiveness of pricing and profitability analysis.
• Quality and timeliness of actuarial reports.
• Strength of actuarial risk and capital assessments.
• Compliance with regulatory and professional requirements.
• Quality of actuarial insights supporting strategic decisions.
• Development and performance of the actuarial team.

Education & Professional Qualification

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or a related quantitative discipline.
• Recognised professional actuarial qualification is required.
• Membership of a recognised actuarial professional body is an advantage.

Experience:

• Significant professional experience within actuarial services, preferably within the insurance industry.
• Proven experience in actuarial valuation, reserving, pricing, modelling and financial analysis.
• Experience leading or managing an actuarial function or team.
• Strong exposure to insurance risk, capital assessment and regulatory reporting.
• Experience working with senior management and cross-functional stakeholders.

Core Competencies:

• Technical
• Actuarial Modelling & Valuation
• Insurance Pricing
• Reserving & Liability Assessment
• Financial Modelling
• Risk & Capital Analysis
• Forecasting & Scenario Analysis
• Actuarial Reporting
• Leadership
• Strategic Thinking
• People Leadership
• Commercial Acumen
• Stakeholder Management
• Decision-Making
• Professional Judgement
• Communication & Presentation
• Problem Solving