Head of Actuarial Valuation
Job Description
Job Purpose: Responsible for leading and managing the actuarial valuation team, ensuring the accuracy and reliability of actuarial models and analysis. This role involves strategic planning, technical expertise, and strong leadership skills. The manager will work closely with senior management to drive the company's financial performance and risk management.
Job Qualifications:
Contribute to the development and implementation of the company's strategic plan, focusing on actuarial aspects. Project future revenues and profits to support strategic decision-making. Identify, assess, and mitigate actuarial risks. Develop, maintain, and enhance actuarial models to ensure accuracy and reliability. Perform complex actuarial valuations, including reserve calculations, solvency analysis, and product pricing. Ensure compliance with regulatory requirements and industry standards. Validate system-generated data to ensure accuracy and consistency. Lead and manage a team of actuarial analysts, providing guidance, support, and training. Set clear performance expectations, provide feedback, and conduct performance reviews. Identify training and development needs for team members and implement appropriate training programs. Collaborate with other departments, such as finance, underwriting, and claims, to ensure alignment and effective communication. Build and maintain relationships with external stakeholders, such as regulators and reinsurers. Identify opportunities to improve efficiency and accuracy in actuarial processes. Implement automation tools to streamline workflows and reduce manual effort.
Skills
Education / Certifications: Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field.
Job Qualifications:
Strong knowledge of insurance products. Overall knowledge of general management principles and processes sufficient to professionally handle the sub-department. A detailed knowledge of the deliverables of all the sub-departmental work, including in-depth knowledge of departmental processes and procedures. A developed understanding of all system-produced of company systems and reports applicable to the sub-departmental work. Good knowledge of VBA and MS Access. A detailed knowledge of Egyptian Insurance Law and accompanying Regulations. Knowledge of international actuarial best practice and principles. A well-developed knowledge of risk management principles and corporate governance best practice.
Soft Skills & Behavioral Competencies:
Excellent communication and negotiation skills.
Motivates People - Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
Models our Values - Creates a culture that promotes the company’s values and standards through role modelling, accountability, and ownership of decisions.
Focuses on Customers - Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
Education
Actuarial Science
Job Location Cairo, Egypt Job Role Accounting/Banking/Finance Years of Experience Min: 8 Max: 11 Residence Location Cairo, Egypt
