Head of Insurance Risk & Actuarial (Life Insurance)

Responsibilities

• Lead and manage the actuarial team to ensure timely and accurate delivery of all actuarial outputs.
• Oversee actuarial valuations, reserving, solvency calculations, and financial projections in line with regulatory and internal standards.
• Lead the implementation and ongoing compliance with IFRS 17 and Risk-Based Capital requirements.
• Contribute to the design and pricing of life insurance products, ensuring competitiveness and profitability.
• Provide strategic insights through actuarial analysis to support executive decision-making.
• Collaborate closely with finance, risk, underwriting, reinsurance, and product development teams.
• Engage with external stakeholders such as regulators, auditors, and consultants on actuarial matters.
• Build and mentor a high-performing actuarial team, fostering a culture of accuracy, innovation, and continuous improvement.

Requirements

• Associate-level qualification or higher from a recognized actuarial body (e.g., IFoA, SOA, IAI, or equivalent).
• A university degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
• Minimum of 10 years of actuarial experience in the insurance industry, preferably life insurance.
• In-depth knowledge of local insurance regulations, IFRS 17, RBC framework, and embedded value reporting.
• Strong proficiency in actuarial modelling software (e.g., Prophet) and MS Excel.
• Prior leadership experience in managing actuarial teams is essential.