Actuarial Valuation Manager

A leading life insurance company is seeking a strategic Actuarial Valuation Manager to join its actuarial team. In this critical role, you will report directly to the Appointed Actuary and maintain a key involvement in the reserving process. Furthermore, you will develop statistical models to accurately forecast cash flows and analyze various risk factors impacting the organization. Consequently, this position is vital for supporting a differentiated insurer focused on serving rural and semi-urban populations through innovative products.

The Actuarial Valuation Manager must monitor business experience and profitability to deliver insightful analysis for the business model. Additionally, you will be responsible for providing timely and accurate responses to regulatory queries. Therefore, the company is looking for a Qualified Actuary with 7 to 8 years of relevant experience. If you have a strong background in valuation and a passion for financial inclusion, this Actuarial Valuation Manager role offers a premier leadership opportunity.

Key Responsibilities for the Actuarial Valuation Manager

• Lead the actuarial reserving process across multiple bases, including statutory and realistic frameworks.
• Develop and maintain complex actuarial models for reserving, experience analysis, and cash flow forecasting.
• Create additional models for ALM, Economic Capital, Risk-Based Capital, and IFRS 17 implementation.
• Manage regulatory reporting including the preparation of statutory forms and detailed reports.
• Implement a robust doer/checker process for the review of all actuarial model outputs.
• Prepare comprehensive documentation, including technical reports, analyses, and Standard Operating Procedures (SOPs).
• Provide essential actuarial inputs to the product development process to help refine and design offerings.
• Support business development by working across multiple functions to analyze varied organizational requirements.
• Foster meaningful relationships with stakeholders in IT, Finance, Legal, Compliance, and Risk departments.
• Mentor team members and lead professional development training to build a high-performing actuarial unit.

Requirements and Qualifications

• Qualified Actuary from a recognized body such as IAI, IFOA (UK), or SOA is required.
• Minimum of 7 to 8 years of relevant professional experience within the actuarial domain.
• Strong background in valuation or shareholder reporting is preferred for this leadership position.
• Proficiency in using spreadsheets and specialist software such as SQL, Python, or R for data analysis.
• Deep understanding of relevant regulatory guidelines and statutory reporting standards.
• Excellent communication, report writing, and presentation skills for effective stakeholder management.

Core Competencies and Attributes

• Keen interest in catering to the unserved and underserved low-income urban and rural segments.
• Meticulous attention to detail and accuracy in all data analysis and valuation tasks.
• Ability to think strategically and “out of the box” to make quick, informed decisions.
• Positive attitude with a “can-do” spirit and a commitment to adhering to strict timelines.
• Demonstrated leadership quality with a focus on team development and mentoring.

If you are an actuarial professional ready to drive the Actuarial Valuation Manager function for a mission-driven insurer, we encourage you to apply today!