[Actuary] Head Of Corporate Actuarial

KEY RESPONSIBILITIES:

i. Prophet Modeling

• Code new products and integrate them into the Prophet master model, collaborating with Product Pricing/Solutions teams.
• Migrate reinsurance calculations to the Prophet master model.
• Maintain regular modeling change requests; enhance and integrate new features based on stakeholder input.
• Act as model owner: oversee maintenance, including assumption versioning, model output storage, and new initiatives (e.g., cloud upgrades, tools for table input generation or output extraction).
• Ensure model accuracy; collaborate with valuation actuaries to explain results for EV/VNB, reserves, ALM, and business planning.
• Manage follow-up actions to resolve issues raised by internal/external auditors regarding modeling constraints.

ii. Actuarial Business Solutions

• Engage stakeholders to understand business needs and propose tailored tools/solutions.
• Develop solutions for sales force compensation costing (agency/bancassurance channels).

iii. Capital Monitoring (Local/ RBC/ Solvency 2)

• Review local solvency calculations for MoF submissions.
• Monitor and manage company solvency across scenarios (stress tests, sensitivities, dividend payments) to ensure financial stability.
• Lead Risk-Based Capital (RBC)/ Solvency 2 projects.

iv. Coaching

• Mentor junior actuaries on modeling topics.

v. Other Duties

• Perform additional tasks as assigned by the Appointed Actuary to support the Actuarial department.

i. Qualification: University degree (or above) in actuarial science, mathematics, statistics, or related field

ii. Experience

• 5+ years of experience, including actuarial modeling experience in insurance/reinsurance
• Proficiency in Prophet, R, Python, Excel VBA, SQL