Reserving and Corporate AI Actuary

3 days ago

Johannesburg, Gauteng, South Africa Boardroom Appointments Full time R2 000 000 - R2 500 000 per year


Reserving and Corporate AI Actuary

Minimum Requirements:

  • Matric (Grade 12)
  • Honours degree in Actuarial Science
  • Fellow of the Actuarial Society of South Africa (FASSA)

Responsibilities:

  • Reserving estimation:
  • Lead the development, enhancement and implementation of robust reserving processes and methodologies using actuarial and advanced modelling techniques.
  • Monitor experience and assess reserve adequacy, making enhancements as necessary based on emerging data and trends.
  • Use data analytics to analyze historical experience to assist Senior
  • Management with strategic decision-making processes.
  • Stay updated with and ensure compliance to the relevant regulatory
    requirements and standards (IFRS 17, SAM, APNs etc.)
  • Corporate Artificial Intelligence Champion
  • Serve as the AI Champion for the Corporate Actuarial team, identifying and implementing opportunities to integrate artificial intelligence and machine learning techniques into actuarial processes.
  • Collaborate closely with the wider Company Insure AI and Operational
  • Analytics teams to develop and implement AI solutions that enhance actuarial models, data analysis, and decision-making processes.
  • Lead and provide guidance on AI-related initiatives within the Corporate
  • Actuarial function.
  • Leadership and Innovation
  • Define and articulate a strategic vision for the future development of the reserving function, incorporating advancements in technology, analytics, and regulatory requirements.
  • Lead initiatives to streamline processes and enhance the scalability of reserving methodologies, ensuring readiness for business growth and expansion into new markets.
  • Champion innovation and collaboration within the actuarial team, fostering a culture of continuous improvement and knowledge sharing.
  • Stakeholder Engagement
  • Collaborate with underwriting, finance, claims and pricing teams to optimize the reserving process and provide feedback into strategic decision-making processes.
  • Manage deliverables and relationships with external audit, Head of Actuarial Function, Group Risk and the Prudential Authority.
  • Presentations to the Actuarial Committee and Senior Management on model enhancements and financial results.

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