Strategy and Actuarial Manager Job Application
JOB VACANCY
POSITION: Strategy and Actuarial Manager
Location: Kigali, Rwanda
ITM Africa Ltd, an international company specializing in all HR solutions is assisting Sonarwa General to recruit a Strategy and Actuarial Manager
Purpose of role:
The purpose of the job is to provide actuarial services including but not limited to valuations, Asset-Liability management, Business analytics and Strategy execution towards achieving the strategy, profitability and risk management of the company
What you will do:
- Develop a capital management model for each business unit and where necessary for the company at large, define optimal capital requirements and continually review the capital model based on the risk profile of business undertaken by the company;
- Provide input into underwriting strategy and rules for General Insurance business to ensure they are well understood and adhered to;
- Identify areas for improvement in modelling work including valuation, pricing and appraisal value work and reporting processes and drive improvement initiatives;
- Conduct actuarial Valuations for Sonarwa, that is, calculate the technical reserves using appropriate actuarial methodology, for financial reporting, regulatory reporting and group reporting;
- Review and provide input into underwriting strategy and rules and advise management on solvency adequacy and provide recommendations;
- Carry out General Insurance consulting work including business planning, capital allocation and management, information system design and product development for General Insurance products;
- Analyse statistical data in order to determine rates for different risks in acceptance of proposals for new policies and products in conjunction with the underwriting department;
- Provide ad hoc support to Business Units in Sonarwa on business planning, experience studies and assumption setting, capital modelling etc;
- Conduct actuarial audits for General Insurance in the company to ensure that the set standards and procedures are being followed;
- Make recommendations to existing products based on market needs, existing product performance, and competitor analysis, in order to increase sales volume and profitability;
- Liaison with the risk and compliance department in the measurement/quantification of operational risk in General Insurance business;
- Supervise, mentor and coach staff under supervision to offer leadership and guidance as they carry out strategy and actuarial services; and
- Provide guidance in the production of all actuarial calculations, results and executive summary reports to the actuarial assistant.
You will be a good fit if you have:
Professional, academic qualifications and experience
- Master Degree in Actuarial studies, Mathematics, Physics, Statistic, Insurance, or Finance with strong mathematics background
- Five (5) years of experience in Life /General General Insurance company or actuarial consulting firm
Other skills desirable:
- Must have sound analytical ability
- Maintain high standards of professionalism and ethics Statistical techniques
- Proficient knowledge on the insurance industry in Rwanda
- Communication skills
- Building Relationships
- Manages Quality and Risk
- Managing Change and Ambiguity
- Managing and Executing Strategy
- Must have, or demonstrate ability to develop, strong interaction with clients
- Good problem solver and quick learner
- Proficiency in Excel and Word Programmes
- Must be a Team Player
Application link: https://docs.google.com/forms/d/e/1FAIpQLSeepff5ONmv9C1FneofbByFxR5zfSs3FcgN-tCY10bhXR5oVg/viewform
Application deadline: 27th October 2023.
