Manager: Actuary

3 months ago

Cape Town, South Africa PPS Recruitment Full time

**Job Advert Summary**:
Reporting to the CFO - Project Gemini, the role will be accountable to strategically drive and execute product development and enhancements as well as ensure the ongoing support to the finance and actuarial stakeholders in the new insurance business.

To ensure the successful running of the day-to-day activities, execute on the short-term strategic objectives of the team and to continually improve processes and methodologies in adherence to the actuarial control cycle in a business unit context.

To interact with the Statutory Actuary, PPS Group Product division, reinsurance partners and the Group’s external auditors.

**Minimum Requirements**:
**EDUCATION**
- Completed University Degree majoring in Actuarial Science, honours is preferable.

**EXPERIENCE**:

- ** **8+ years’ experience working in the financial services industry
- Minimum 5 years’ experience in Life Insurance product development & pricing experience
- People Management Experience
- Previous experience with the operational implementation of new concepts would be an advantage
- Proficient in the use of Prophet Actuarial modelling software

***KNOWLEDGE AND SKILLS (MAXIMUM OF 10)**:

- ** **Knowledge of coding languages such as SQL or Python would be beneficial.
- Excellent proficiency in actuarial cashflow modelling software. Specifically,
- Sound knowledge of consumer trends and movements in the Life Insurance industry
- Knowledge of actuarial principles and retail insurance products
- Proficient in the use of Prophet Actuarial modelling software
- Good computer knowledge - MS Outlook, Excel, PowerPoint and Word essential

**COMPETENCIES (MAXIMUM OF 8)**:

- Analysing data and extrapolating insights
- Leading and working with People
- Building stakeholder relationships
- Entrepreneurial & Commercial Thinking
- Achieving Personal Work Goals & Objectives
- Adapting & Responding to Change
- Responsible & accountable
- Sound communication skills
- Business Acumen

**Duties and Responsibilities**:

- Strategically drive the thorough investigation of new initiatives, conceptualisation and the successful implementation.
- Establish and deploy new (or enhancements to) products and processes
- Accountable to ensure the following tasks are executed and driven per initiative, where relevant:

- Industry, Competitor and Consumer research
- Concept design and documentation
- Stakeholder identification and buy-in
- Drive adequate levels of engagement with all stakeholders towards implementation of initiatives
- Compilation of business case for approval of funding requirements
- Compiling business requirement specifications to identify IT development needs
- Engagement with IT Agile Teams to execute new initiatives/enhancements to existing products with consideration and planning towards IT implementation cycles (Program Increments)
- Engagement with expert stakeholders (data analytics vendors, reinsurers, etc.) where specific skills must be outsourced in the development and testing of solutions
- Drive the execution of new initiatives through the Product Governance processes
- Drive the execution of new initiatives/enhancements to existing products through the Product Governance framework via submissions to the following committees:

- Product Forum
- Group Actuarial Committee
- EXCO
- Actively devise and prepare for future strategic initiatives including obtaining stakeholder buy-in and preparation of business cases to obtain budgets during budget cycles.
- Ensure product compliance with regulatory standards.
- Development of actuarial models for existing and future business, and the implementation of these on the Prophet and other relevant system
- Conducting pricing exercises as and when new products are introduced or w.r.t. enhancements to existing products, using actuarial modelling techniques using Prophet.
- Gathering research insights in close collaboration with other departments to inform enhancements to the Provider product range
- Support sales channels w.r.t. queries of an actuarial nature and respond with high quality written communication, supported by actuarial calculators where required.
- Provide support to operational areas in the business w.r.t. monthly operational reports (such as reinsurance accounting, premiums under advice, etc.)
- Providing actuarial support to various other areas, and the broader business e.g. IT related investigations, testing support
- Responsible for in-depth monitoring of claims trends and reporting of insights to the monthly claims committee meetings
- Analysing PPS data and experience to better support the broader business in its functions
- Producing monthly reports on the business experience
- Compilation of management reports and special investigations from time to time including support of new initiatives/enhancements to existing products via the PPS Product Governance framework.
- Alignment of PPS Actuarial functions with published ASSA Guidance notes, and other regulatory r

  • Actuary

    3 months ago

    Cape Town, South Africa Network Recruitment Full time

    About Us: Network Finance is a leading recruitment firm specializing in Actuarial positions. We are currently seeking talented individuals, like you, to fill a range of actuarial roles, from Junior to Senior positions, across various industries and locations.Why Join Our Team?: Diverse Opportunities: We partner with a wide range of organizations, from...

  • Actuarial Manager

    2 months ago

    Cape Town, South Africa Group Finance Full time

    **Introduction** Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings,...

  • Actuary

    1 month ago

    Cape Town, South Africa Network Recruitment Full time

    Become a key player in our client's Life team in Cape Town. We're seeking a nearly or newly qualified Actuary to analyze valuation results, offer business insights, and present findings to senior leadership. This role provides a unique mix of technical actuarial tasks and commercial exposure.Key Functions and Responsibilities:Valuation Analysis : Review and...

  • Actuary

    1 month ago

    Cape Town, South Africa Network Recruitment Full time

    Become a key player in our client's Life team in Cape Town. We're seeking a nearly or newly qualified Actuary to analyze valuation results, offer business insights, and present findings to senior leadership. This role provides a unique mix of technical actuarial tasks and commercial exposure.Key Functions and Responsibilities:Valuation Analysis: Review and...

  • Actuary

    1 month ago

    Cape Town, South Africa Adzuna ZA B C2 Full time

    Become a key player in our client's Life team in Cape Town. We're seeking a nearly or newly qualified Actuary to analyze valuation results, offer business insights, and present findings to senior leadership. This role provides a unique mix of technical actuarial tasks and commercial exposure.Key Functions and Responsibilities:Valuation Analysis:...

  • Actuarial Manager

    3 months ago

    Cape Town, South Africa Moving Heads Personnel Full time

    Work closely with the CFO and the Business Partner Actuary to ensure all reporting requirements are well understood and deliveries met. Stakeholder engagements will focus on the key financial drivers across the product ranges, financial metrics and insights extracted for business consideration. Participate in various projects which will present opportunities...

  • Actuarial Manager

    3 days ago

    Cape Town, Western Cape, South Africa Old Mutual Full time

    Job SummaryOld Mutual is seeking a highly skilled and experienced Actuarial Manager to join our Legacy and Product Management team. As a senior management opportunity, this role requires a well-rounded individual who can collaborate effectively with various teams and stakeholders at all levels.Key ResponsibilitiesUnderstand the changing regulatory...

  • Reinsurance Actuary: Product Management

    3 months ago

    Cape Town, South Africa Moving Heads Personnel Full time

    Identifying inward reinsurance opportunities and building business cases to improve value generation. - Providing actuarial support to the reinsurance operations and pricing teams. - Develop and maintain pricing models for inwards reinsurance products and services. - Liaise with the Actuarial Modelling teams to provide specifications and criteria for Pricing...

  • Actuarial Risk Manager

    4 days ago

    Cape Town, Western Cape, South Africa Network Recruitment Full time

    About the RoleThis is a challenging and rewarding opportunity for an experienced Actuary to join our team at Network Recruitment. As an Actuarial Risk Manager, you will be responsible for developing and managing competitive risk cover products that meet the specific needs of our clients.Key ResponsibilitiesProduct Development and Management: Oversee all...

  • Actuary

    1 week ago

    Cape Town, South Africa Network Recruitment Full time

    This role involves developing and continuously managing competitive risk cover products such as life insurance, health insurance, disability cover, critical illness, and credit life. The goal is to meet specific client needs and enhance value proposition across different market segments.You will be tasked with the following:Overseeing all aspects of product...

  • Actuary

    7 days ago

    Cape Town, South Africa Network Recruitment Full time

    This role involves developing and continuously managing competitive risk cover products such as life insurance, health insurance, disability cover, critical illness, and credit life. The goal is to meet specific client needs and enhance value proposition across different market segments.You will be tasked with the following:Overseeing all aspects of product...

  • Actuarial Lead

    1 month ago

    Cape Town, South Africa Network Recruitment Full time

    We have an exciting opportunity for you to lead and shape the future of our actuarial team! About the Role: In this pivotal role, you will oversee the life valuations process, ensuring accuracy and compliance with regulatory standards. You will manage a talented team of actuaries, providing strategic insights and driving initiatives that influence key...

  • Actuarial Lead

    1 month ago

    Cape Town, South Africa Network Recruitment Full time

    We have an exciting opportunity for you to lead and shape the future of our actuarial team! About the Role: In this pivotal role, you will oversee the life valuations process, ensuring accuracy and compliance with regulatory standards. You will manage a talented team of actuaries, providing strategic insights and driving initiatives that influence key...

  • Actuarial Lead

    1 month ago

    Cape Town, South Africa Adzuna ZA B C2 Full time

    We have an exciting opportunity for you to lead and shape the future of our actuarial team! About the Role: In this pivotal role, you will oversee the life valuations process, ensuring accuracy and compliance with regulatory standards. You will manage a talented team of actuaries, providing strategic insights and driving initiatives that influence key...

  • Actuarial Specialist

    1 month ago

    Cape Town, South Africa Network Recruitment Full time

    Join our esteemed financial services team as a Reporting Actuary and play a key role in delivering critical insights that drive strategic decisions!About the Role:As a Reporting Actuary, you will be at the heart of our financial reporting function, responsible for producing high-quality actuarial reports and analyses. You will work closely with various teams...

  • Actuarial Specialist

    1 month ago

    Cape Town, South Africa Network Recruitment Full time

    Join our esteemed financial services team as a Reporting Actuary and play a key role in delivering critical insights that drive strategic decisions!About the Role: As a Reporting Actuary, you will be at the heart of our financial reporting function, responsible for producing high-quality actuarial reports and analyses. You will work closely with various...

  • Actuarial Specialist

    1 month ago

    Cape Town, South Africa Adzuna ZA B C2 Full time

    Join our esteemed financial services team as a Reporting Actuary and play a key role in delivering critical insights that drive strategic decisions!About the Role:As a Reporting Actuary, you will be at the heart of our financial reporting function, responsible for producing high-quality actuarial reports and analyses. You will work closely with various teams...

  • Actuarial Lead

    4 weeks ago

    Cape Town, South Africa Network Recruitment Full time

    We have a unique opportunity for you to lead and shape the future of our actuarial team!About the Role: In this critical position, you will manage the life valuations process, ensuring precision and adherence to regulatory standards. Youll lead a skilled team of actuaries, offering strategic insights and driving initiatives that impact key financial...

  • Actuarial Lead

    4 weeks ago

    Cape Town, South Africa Adzuna ZA B C2 Full time

    We have a unique opportunity for you to lead and shape the future of our actuarial team!About the Role: In this critical position, you will manage the life valuations process, ensuring precision and adherence to regulatory standards. Youll lead a skilled team of actuaries, offering strategic insights and driving initiatives that impact key financial...

  • Actuarial Lead

    4 weeks ago

    Cape Town, South Africa Network Recruitment Full time

    We have a unique opportunity for you to lead and shape the future of our actuarial team!About the Role: In this critical position, you will manage the life valuations process, ensuring precision and adherence to regulatory standards. Youll lead a skilled team of actuaries, offering strategic insights and driving initiatives that impact key financial...