Vacancy for an Actuarial Unit Head in a Leading Financial Institution
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.
Job Title: Head, Actuarial Unit
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.
Job Description
• Financial Reporting (Statutory and Internal).
• Financial Management.
• Experience Monitoring and Analysis.
• Market Report Analysis.
• Data Analysis.
• Rate Review & Giving of Competitive Rates.
• Risk Management.
• Actuarial Valuation.
• Product Development & Review.
• Performance Reviews: Product and Financial.
• Model Validation.
• Strategic Planning and Analysis.
• Reinsurance Program Review.
• Expert Witness Testimony.
Qualifications
• 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.