Lead Actuary
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About the Role
Our client, a major international insurer with a significant operation in Benoni, Gauteng , is seeking an accomplished Lead Actuary to oversee their regulatory reporting functions, with a specific focus on Solvency II frameworks. This senior position requires a deep understanding of actuarial principles, capital management, and regulatory compliance within the insurance sector. You will lead a team of actuaries, ensuring the accurate and timely submission of regulatory reports, and playing a key role in the company's capital modelling and risk management strategy. The ideal candidate will be a highly qualified actuary with proven leadership experience and a strong command of complex actuarial techniques. This is a strategic role offering significant influence and opportunities for professional growth within a global organization.
Key Responsibilities
- Lead and manage the actuarial team responsible for regulatory reporting, including Solvency II compliance.
- Develop, implement, and maintain robust capital models and risk assessment frameworks.
- Ensure the accuracy, completeness, and timeliness of all regulatory submissions to relevant authorities.
- Interpret and apply evolving regulatory requirements (e.g., Solvency II) to the company's operations.
- Provide expert actuarial advice on capital allocation, risk appetite, and strategic decision-making.
- Perform analysis of capital needs, solvency ratios, and financial projections.
- Liaise with regulators, auditors, and other external stakeholders on actuarial matters.
- Stay abreast of international best practices in actuarial science, capital management, and regulatory reporting.
- Mentor and develop junior members of the actuarial team, fostering a culture of technical excellence.
Requirements
- Fellowship of a recognized Actuarial Society (e.g., FAA, FSA, FIAA, ASAct) is essential.
- Minimum of 8 years of post-qualification actuarial experience, with substantial exposure to regulatory reporting and Solvency II.
- Demonstrated experience in leading and managing actuarial teams.
- In-depth knowledge of insurance regulations and capital requirements in South Africa and/or international markets.
- Expertise in capital modelling, risk management, and actuarial valuation techniques.
- Proficiency in actuarial software and data analysis tools.
- Excellent analytical, problem-solving, and strategic thinking abilities.
- Strong leadership, communication, and interpersonal skills, with the ability to influence senior management.
- Experience presenting complex actuarial concepts to non-technical audiences.
Benefits
- Our client offers an exceptional remuneration package, including a significant performance-based bonus and comprehensive executive benefits. This includes top-tier medical aid, a generous retirement fund, and life assurance.
- Significant investment in professional development, including opportunities to attend international conferences and further specialized training, is provided.
- This hybrid role allows for a balance of working from our state-of-the-art Benoni offices and remote flexibility.
- Join a prestigious organization at the forefront of actuarial innovation and regulatory expertise in the Gauteng region.
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