Senior Manager - Actuarial - Insurence

Reporting to: Head of Actuarial / Chief Actuary.

Job Summary:.

- The Senior Manager Actuarial will be responsible for managing the valuation and financial. reporting activities for the life insurance business.

- The role involves delivering accurate and timely actuarial valuations, reserving, and financial projections, ensuring compliance with regulatory requirements, and supporting business decision-making.

- The ideal candidate will have a minimum of 6 years of actuarial experience, primarily within the life insurance industry, with a strong focus on the valuation function.

Key Responsibilities:.

Actuarial Valuation and Reserving:.

- Lead and perform regular actuarial valuations, ensuring accurate calculation of reserves, embedded value, and capital requirements.

- Analyze changes in reserves, provide detailed explanations, and communicate results to senior management and relevant stakeholders.

- Ensure valuations are compliant with regulatory guidelines, internal policies, and industry standards.

Financial Reporting:.

- Support the preparation of financial reports, including statutory, regulatory, and management reporting for actuarial-related items.

- Collaborate with finance teams to ensure the accurate reflection of actuarial results in financial statements and Solvency II reports.

- Provide insights into actuarial results to assist with business planning and forecasting.

- Ensure compliance with all applicable regulatory requirements, including solvency regulations, IFRS, and local actuarial standards.

- Prepare reports for submission to regulators, ensuring adherence to deadlines and accuracy in the data presented.

- Conduct experience studies, analyzing mortality, morbidity, persistency, and expenses to update actuarial assumptions.

- Provide insights into the performance of life insurance products, identifying trends, and suggesting pricing or product design modifications.

Team Leadership:.

- Provide guidance and mentorship to junior actuaries, supporting their development and progress towards actuarial qualifications.

Qualifications:.

- Fellow or near-qualified actuary from a recognized actuarial body (e. , FIA, IAI, etc.

- A minimum of 6 years of relevant actuarial experience, with a focus on the valuation function in the life insurance industry.

Experience:. Strong experience in life insurance actuarial valuation, including experience with reserving, statutory. valuation, and financial reporting.

- Familiarity with regulatory frameworks, such as Solvency II, IFRS17, and other local valuation regulations.

- Experience with actuarial modeling software

Benefits:.

- Competitive salary and performance-based incentive/bonus.

- Total Experience 8-10 yrs.

- Actuarial Exp 3-4 yrs.

- Candidates must be strong in Pricing and Valuation.