Actuarial Manager

Job Description: IFRS 17 Actuarial Lead

Purpose

Actively contribute to the development and growth of the centralized IFRS 17 team by:

1. Leading and managing the execution, validation and analysis of IFRS 17 production for assigned business units.
2. Leading and managing resources to support various actuarial initiatives and projects across the Group and its business units.

Key Accountabilities

1. Team Leadership and Management

• Lead, coach and manage team performance, development and morale to ensure members achieve their objectives in line with established performance standards.
• Manage resource allocation and work arrangements to ensure efficient delivery of team responsibilities.
• Support recruitment activities to attract and onboard suitable talent.

2. IFRS 17 CSM Production and Country Lead Responsibilities

• Lead and manage the execution, validation and analysis of IFRS 17 results for assigned business units, ensuring accuracy, quality and timely delivery.
• Review the reasonableness of results and ensure internal consistency across various result templates, forms and reports.
• Document review findings, observations and comments in the Q&A log.
• Manage stakeholder relationships and expectations across Group functions, business units and other key stakeholders, ensuring clear communication, progress updates and delivery within agreed timelines.
• Coordinate incoming requests from Group Actuarial, business units and downstream teams, including data analytics, finance systems and Group Finance.
• Investigate and resolve complex or unprecedented issues, escalating significant matters to the Head of IFRS 17 Operations and relevant business units when necessary.
• Communicate IFRS 17 results and key findings to relevant business units.
• Review and approve updates to operational manuals based on lessons learned from production cycles, and collaborate with the IFRS 17 Development Lead on process and tool enhancements.
• Manage and prioritise ad-hoc requests from Group Actuarial and business units during production cycles.

3. Actuarial Projects and Initiatives

• Establish project priorities for the team and oversee the planning, execution and delivery of all assigned actuarial initiatives and projects.
• Plan and manage resources effectively to support projects initiated by Group Actuarial and business units.
• Monitor project progress, manage competing priorities and ensure deliverables meet agreed timelines and quality standards.

Key Performance Indicators (KPIs)

• Effectiveness of model maintenance processes and project delivery.
• Engagement, performance and professional development of team members.
• Value added to local business units through actuarial support, analysis and process improvements.

Key Stakeholders

• Head of IFRS 17 Operations.
• Local Chief Actuary and IFRS 17 teams.
• Group Actuarial and relevant actuarial committees.
• Group Finance and application support teams.
• Data validation teams.
• IFRS 17 Development Lead and team.

Qualifications and Experience

• 6–8 years of experience in actuarial functions within the insurance industry.
• Fellowship or near-fellowship status with an internationally recognized actuarial professional body.

Knowledge and Technical Skills

• Strong understanding of actuarial valuation processes and IFRS 17 requirements.
• Solid experience with Prophet actuarial modelling software.
• Strong Microsoft Excel skills.
• Good Python programming skills.
• Strong analytical and problem-solving capabilities.

Core Competencies

• Strong team leadership, people management and coaching skills.
• Effective facilitation, negotiation and problem-resolution abilities.
• Strategic thinking, with the ability to prioritise and balance multiple tasks and projects.
• Strong analytical and critical-thinking skills.
• Excellent communication and presentation skills.
• Fluency in written and spoken English.

📩 Apply now and help us build smarter, automated actuarial processes for the future!