Our client, an International Re-Insurance Company is looking for an Actuarial Manager to join their team. He\/she will have an opportunity to play a key role in shaping the actuarial function within a pan-african reinsurer. The role also provides an opportunity to work in a fast-paced, collaborative environment with regional and international stakeholders while gaining exposure to diverse markets and non-traditional reinsurance structures.
\nThe role reports into the Chief Operations Officer.
\nThe ideal candidate will combine strong technical expertise with practical, business-focused actuarial judgment. You will work closely with underwriting, claims, risk, and finance teams, and provide hands-on leadership to a small but capable actuarial team.
\nKey Responsibilities:
\n1. Pricing and Portfolio Analytics<\/p>\n
Develop, review, and maintain actuarial pricing models across facultative and treaty business.
\nCollaborate with underwriting to assess risk and improve technical pricing.
\nMonitor performance by market, line of business, and broker to support portfolio management.<\/p>\n
2. Claims Reserving and Trend Analysis<\/p>\n
Oversee regular reserving exercises and ensure sound actuarial methodology is applied.
\nConduct trend analysis to inform underwriting strategy and loss mitigation.
\nLiaise with claims to review large loss development and reserve adequacy.<\/p>\n
3. Modelling & Technical Support<\/p>\n
Support the design and implementation of models for reinsurance structures, including Parametric covers and ILS.
\nContribute to the actuarial inputs for capital modelling, risk margin assessment, and reinsurance program optimisation.
\nEnsure data integrity and develop tools to support actuarial analysis and reporting.<\/p>\n
4. IFRS 17 & Regulatory Compliance<\/p>\n
Assist with actuarial components of IFRS 17 reporting, including CSM, risk adjustment, and discounting.
\nEnsure actuarial practices comply with regulatory standards and internal audit requirements.<\/p>\n
5. Team Management & Development<\/p>\n
Lead and mentor a team of junior actuaries and graduates.
\nSet clear objectives and ensure ongoing development and training.
\nReview team output and maintain quality control of actuarial deliverables.<\/p>\n
6. Cross-Functional Collaboration<\/p>\n
Provide actuarial input to cross-departmental projects and business planning cycles.
\nTranslate technical findings into actionable business insights for senior management.
\nSupport product development, portfolio optimisation, and market entry evaluations.<\/p>\n
Qualifications and Experience<\/p>\n
Bachelor\u2019s degree in Actuarial Science, Mathematics, Statistics, or a related field.
\nProgress towards or completion of a recognised actuarial qualification (e.g., FIA, FSA, ASA).
\nAt least 6\u201310 years of relevant actuarial experience, preferably in (re)insurance.
\nDemonstrated experience in pricing, reserving, and portfolio analytics.
\nWorking knowledge of IFRS 17 is essential.
\nStrong proficiency in actuarial tools (e.g., R, Python, SQL, Excel, ResQ or similar).
\nExcellent analytical, communication, and project management skills.
\nProven ability to lead and develop junior actuaries.<\/p>\n
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