The posting
Actuarial Manager
Internal Process
- Provide analysis of results, engage directly with auditors, and prepare internal and external capital reporting material.
- Establish and implement consistent processes and controls across the business to ensure accurate reporting and effective risk management.
- Take accountability for developing and maintaining Prophet technical provisions modelling and capital models for cell clients allocated to the team.
- Vet accounting data, asset data, reinsurance data, and exposure data used for actuarial valuations.
- Deliver quantitative projections for the annual ORSA on allocated cell clients.
- Deliver annual, quarterly, and monthly SCR analysis of The Company Life and its cells, in line with Group practices and policies.
- Develop financial insights into 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 conflicting interests.
- Drive change management initiatives in response to regulatory and technical developments.
- Oversee continued automation of the SAM capital modelling infrastructure.
Client
- Build and maintain strong relationships with clients and stakeholders.
- Contribute to maintaining a competitive edge through external networking, benchmarking, and representation on industry forums.
- Engage with key internal and external stakeholders to identify evolving client needs and recommend service alignment strategies.
People
- Participate in the development and implementation of a broader people strategy specific to the actuarial job family.
- Create a positive work climate and culture to minimise disruption and maximise employee productivity.
- Foster a culture of best practice, continuous learning, improvement, and team cohesion.
- Promote a learning and growth culture by encouraging open sharing of insights, trends, and lessons learned.
- Identify employee growth and development needs and schedule relevant training and development interventions.
Finance
- Contribute to the resolution of high-risk and problematic capital issues within your area of responsibility.
- Provide input and feedback on financial policies, practices, and procedures, ensuring adherence to ethical and legal standards.
- Develop and implement governance, compliance, and risk management policies to identify and manage exposure and liability.
Competencies Required
- Minimum of 3 years' management experience.
- Expert knowledge of Prophet software.
- Proficient in Prophet, MS Office, and working knowledge of MS SQL.
- Intermediate to advanced programming experience.
- Advanced understanding of the SCR components of a life insurer, as per the Prudential Standards (cell captive experience is advantageous).
- Knowledge of relevant legislation, including the Insurance Act, Prudential Standards, and IFRS 17.
- Advanced understanding of discounted cash flow models, reserving methods, and liability valuation methods.
- Strong skills in Prophet software coding and model development.



