Key Responsibilities
Strategic Leadership
Develop and implement the actuarial department strategy in alignment with organizational objectives and risk appetite.
Partner with senior management to provide actuarial insights that inform business strategy and decision-making.
Monitor industry developments, market trends, and regulatory changes to proactively identify opportunities and mitigate risks.
People Leadership
Lead, motivate, and manage a high-performing actuarial team.
Build team capability through mentoring, coaching, and professional development.
Set KPIs, manage performance, and drive accountability within the team.
Operational Delivery
Lead and oversee actuarial valuations, including IFRS 17 and IAS 19 valuations, and insurance product pricing.
Develop pension scheme investment policies and strategic plans.
Design and support the setup of Income Drawdown and Post-Retirement Medical Funds.
Perform and review actuarial calculations, including: Projecting healthcare costs for corporate clients and Assessing financial impacts of proposed benefit changes to corporate medical schemes.
Review and validate defined benefit scheme member statements and benefit calculations.
Business Development
Prepare prospecting proposals and service quotations for new business opportunities.
Develop and submit responses to RFQs and RFPs.
Support revenue growth and client retention initiatives through technical input and solution design.
Credit Control
Follow up on payments and ensure timely collection of fees for services rendered.'
Other Duties
Perform any other relevant duties as assigned by the line manager in support of departmental and organizational objectives.
Key Result Areas
New business revenue generation
Client retention and relationship management
High-quality service delivery
Turnaround time (TAT) for internal clients
Accurate and timely actuarial valuations
Credible, high-quality internal and external reports
Debt collection within 60 days
Key Competencies & Skills
Strong people leadership and performance management capability
Ability to perform under pressure and meet deadlines
Excellent time management and attention to detail
Strong analytical and problem-solving skills
Report writing and presentation skills
Budgeting and financial management skills
Effective interpersonal and communication skills
Flexibility and adaptability in a dynamic environment
Requirements
Qualifications & Experience
Essential:
Bachelor's degree in Actuarial Science, Mathematics, Statistics, Physics, Commerce, or a related field (Master's degree is an advantage).
Fellowship of the Institute of Actuaries or another recognized actuarial institute.
Minimum of 10 years' relevant experience, with at least 5 years in a supervisory or leadership role.
Advanced proficiency in actuarial software, VBA, and MS Excel.