Head, Actuarial Unit

Fosad Consulting Ltd is a business support services firm with offerings in Human Resource Management, Immigrations and Real Estate Consulting.

We have been mandated by a client of ours, a leading financial institution to bring on board an experienced professional to take on the role of Head, Actuarial Unit. The successful candidate will report to the GM, Technical and Risk Management Division.

He / She will interface with all Sales Business Units, All Underwriting teams and Finance team

The objective of this role is to deliver a broad range of actuarial, financial and risk analysis services to the organisation, proffering rates, solutions and actuarial assumptions for the benefit of the organisation.

• Financial Reporting (Statutory and Internal).
• Financial Management.
• Risk Management.
• Actuarial Valuation.
• Product Development & Review.
• Experience Monitoring and Analysis.
• Market Report Analysis.
• Data Analysis.
• Rate Review & Giving of Competitive Rates.
• Performance Reviews: Product and Financial.
• Model Validation.
• Strategic Planning and Analysis.
• Reinsurance Program Review.
• Expert Witness Testimony.
• Good Bachelor’s Degree, in Actuarial Sciences
• Professional qualification in Actuarial Sciences.
• A minimum of 7 years in Actuarial unit or capacity.
• Must have experience in a managerial or leadership role.

KEY COMPETENCY REQUIREMENTS

• Understanding the customer

Manages customer expectations effectively

• Communication skills

Uses communication skills in a thorough and effective manner to manage own area of responsibility

• Management of Information

Establishes and maintains data and information records which are sufficient for own purposes and which meet company, legal and regulatory requirements.

Treating and Handling personnel records and information with a high level of confidentiality at all times.

• Planning & Organising

Effectively and proactively plans, prioritises and organises caseloads in a way which allows for unexpected events and interruptions.

• People Management

Follow Human Resource policy and processes for issue escalation.

• Commitment to Excel

Challenges self and others to exceed standards and achieve extraordinary results. Is not easily deterred when obstacles or delays are encountered.

• Analysis

Thinks through a situation systematically.

SKILLS AND KNOWLEDGE

Skills

• Communication skills (English), spoken and written (Very Good)
• Mathematical & Analytical Skills (Excellent)
• IT skills ( Very Good)
• Business Writing (Very Good)
• Negotiation Skills (Very Good)
• Presentation skills (Very Good)

Knowledge

• Excellent knowledge of Actuarial practises.
• Good Knowledge of the Insurance business practices.
• Business Ethics.

Remuneration is very attractive.