AVP leading actuarial data and reporting systems at Manulife. Responsible for overseeing system changes and ensuring accuracy in reporting across multiple regions.
About the role
- Head of Corporate Actuarial overseeing actuarial activities for Life Insurance at Absa. Leading a team and ensuring high quality financial reporting and regulatory compliance.
Responsibilities
- Leading and overseeing all actuarial valuation, financial reporting, capital, and regulatory actuarial activities for the Life Insurance business
- Ensuring high quality IFRS, SAM, and Embedded Value (EV) results
- Providing robust actuarial insights to management
- Strong governance over models, assumptions, data, and methodologies
- Partnering closely with the CFO to drive commercial decision making
- Leading a multidisciplinary actuarial team (25 - 30 staff) encompassing Corporate Actuarial, Modelling, Data Management, and Actuarial Reporting
- Leading the production, review, and sign off monthly, quarterly and annual IFRS 17 actuarial results, reserves, liabilities, and disclosures
- Leading the production, review, and sign off Embedded Value calculations, analysis of change, and support the CFO in performance narratives
- Leading the assumption setting processes, experience investigations, actuarial controls and analytical insights that inform pricing, profitability and risk appetite
- Owning the development, maintenance, and reporting of SAM technical provisions, solvency calculations, SCR/MCR, and capital planning
- Supporting quality and timely regulatory submissions (Solo and Group)
- Leading the Modelling and Data teams responsible for valuation model development, governance, and model risk management
Requirements
- Fellow of the Actuarial Society of South Africa (FASSA)
- 12+ years actuarial experience with the majority in Life Insurance
- Demonstrated leadership in valuations, IFRS 17, SAM and EV reporting
- Experience managing modelling teams, actuarial transformation and actuarial environments
- Proven record of working closely with CFOs and senior executives to influence business decisions
- Deep expertise in IFRS 17 Life Insurance liabilities
- Strong knowledge of SAM regulations, technical provisions, capital optimisation
- Embedded Value methodology
- Modelling (Prophet), actuarial engines, SQL/Python/R beneficial
- Strong data management understanding for actuarial reporting
- Strong governance, model risk and actuarial control expertise.
- Strong people leadership, mentoring and coaching capability
- Strategic thinking and commercial acumen to support the CFO and business performance decisions
- High influence, stakeholder management and executive communication
- Ability to operate in complex environments with multiple teams and evolving structures (IFRS 17, modelling, corporate actuarial)
Benefits
- Flexible work arrangements
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Tech skills
Location requirements
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