Senior Actuarial Manager-1life

**RESPONSIBILITIES**

**Strategy Formation & Implementation**

Develop the strategy for a business area of significant function, anticipating

mega-trends and complex challenges and opportunities. Ensure the strategy is

successfully implemented and meets long-term business needs.

Provide actuarial support to Head of Product and Pricing and CEO of 1Life.

Ensure the effective management of product development and pricing

framework.

Responsible for implementing the Actuarial control cycle; ie development,

deployment and monitoring thereof. Responsible for the management of key

business metrics, such as value of new business, embedded value, and profit by

product line.

**Budgeting & Costing**

Take responsibility for setting and managing area budgets so they align with

organisational strategy.

Ensure the company is profitable through managing, setting and monitoring key

drivers.

Determine profitability of premium rates for all product lines as well as

implementing annual reviews on existing policies.

Perform budgets, forecasting and assumptions setting, in order to ensure profitability of the organisation.

**Stakeholder Engagement**

Identify and manage stakeholders up to C-suite level, finding out their needs/

issues/concerns and reacting to these by leading and coordinating the

development of stakeholder engagement plans to support the communication of

business information and decisions.

Maintain measurable service levels on business requests and provide feedback

that speaks to the business issue observed.

**Business Requirements Identification**

Elicit the most complex business requirements using a variety of methods such

as interviews, document analysis, workshops, and workflow analysis to express

the requirements in terms of target user roles and goals.

Ensure business requirements need is clearly documented within the scope of

use, definitions and assumptions made. Develop solutions that are in align with

experienced assumptions.

**Insights and Reporting**

Establish business-critical strategies to create, present, and communicate high impact

data and analytics insights and recommendations to critical internal and

external stakeholders.

Ensure monitoring is accurate and complete and regularly validated against

credible data sources.

**Leadership and Direction**

Identify and communicate the actions needed to implement the function's

strategy and business plan within the business area or department; explain the

relationship to the broader organisation's mission, vision and values and

motivate people to commit to these. Stay engaged and dedicated to achieving the

business goals.

**Improvement / Innovation**

Initiate, formulate and implement new business practices within a specific

discipline while managing the development and/or delivery of a significant

element of the organisation's change management program.

Continuously review and find effective ways to improve on efficiencies across the

business. Stay up to date with business developments and develop solutions

proactively with business. Maintain continuous development/research of

actuarial techniques and share insights with the team.

**Building Capability**

Implement formal development frameworks for a substantial department. Provide

others throughout the organization with informal coaching and mentoring.

Mentor and coach staff on a technical and professional front. Ensure staff

develop further skills and capabilities to ensure better model development.

Assist staff to increase own capacity to automate processes. Encourage staff to

leverage each other’s strengths, to improve the teams overall performance.

**Model deployment and testing**

Plan and deliver systems changes and manage the team on a day-to-day basis

to meet project timelines and quality requirements. Engage with users to identify

requirements and work with the team to design solutions.

Oversee the effective impact and sensitivity analysis to be performed before any

deployment is done. Translate results from the impact/sensitivity analysis to

Business to provide insight and what various pricing changes will mean on

profitability and policy growth.

Ensure monitoring processes are in place to measure the performance of the

model/pricing. Oversee the effective tracking of various products and pricing

changes and cohorts.

**Operational Compliance**

Ensure that business activities within a significant area of responsibility comply

with relevant external regulatory and/or voluntary codes and with internal

policies to minimize business risk and protect the reputation of the organisation.

Maintain standards of integrity and professionalism as set out by the Actuarial

**Actuarial Modeling**

Undertake strategic and tactical financial analysis, modelling, and evaluation to

support business leaders in their decision making.

Oversee the development, maintenance and implementation actuarial models

and processes. Models need to be fit