Job Details

Job Description

Our client, an International Re-Insurance Company is looking for an Actuarial Manager to join their team. He/she will have an opportunity to play a key role in shaping the actuarial function within a pan-african reinsurer. The role also provides an opportunity to work in a fast-paced, collaborative environment with regional and international stakeholders while gaining exposure to diverse markets and non-traditional reinsurance structures.

The role reports into the Chief Operations Officer.

The ideal candidate will combine strong technical expertise with practical, business-focused actuarial judgment. You will work closely with underwriting, claims, risk, and finance teams, and provide hands-on leadership to a small but capable actuarial team.

Key Responsibilities:

1. Pricing and Portfolio Analytics

• Develop, review, and maintain actuarial pricing models across facultative and treaty business.
• Collaborate with underwriting to assess risk and improve technical pricing.
• Monitor performance by market, line of business, and broker to support portfolio management.

2. Claims Reserving and Trend Analysis

• Oversee regular reserving exercises and ensure sound actuarial methodology is applied.
• Conduct trend analysis to inform underwriting strategy and loss mitigation.
• Liaise with claims to review large loss development and reserve adequacy.

3. Modelling & Technical Support

• Support the design and implementation of models for reinsurance structures, including Parametric covers and ILS.
• Contribute to the actuarial inputs for capital modelling, risk margin assessment, and reinsurance program optimisation.
• Ensure data integrity and develop tools to support actuarial analysis and reporting.

4. IFRS 17 & Regulatory Compliance

• Assist with actuarial components of IFRS 17 reporting, including CSM, risk adjustment, and discounting.
• Ensure actuarial practices comply with regulatory standards and internal audit requirements.

5. Team Management & Development

• Lead and mentor a team of junior actuaries and graduates.
• Set clear objectives and ensure ongoing development and training.
• Review team output and maintain quality control of actuarial deliverables.

6. Cross-Functional Collaboration

• Provide actuarial input to cross-departmental projects and business planning cycles.
• Translate technical findings into actionable business insights for senior management.
• Support product development, portfolio optimisation, and market entry evaluations.

Qualifications and Experience

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards or completion of a recognised actuarial qualification (e.g., FIA, FSA, ASA).
• At least 6–10 years of relevant actuarial experience, preferably in (re)insurance.
• Demonstrated experience in pricing, reserving, and portfolio analytics.
• Working knowledge of IFRS 17 is essential.
• Strong proficiency in actuarial tools (e.g., R, Python, SQL, Excel, ResQ or similar).
• Excellent analytical, communication, and project management skills.
• Proven ability to lead and develop junior actuaries.

If your qualifications and experience fit the above job profile, kindly send your CV to [email protected]  nor later than 21st June 2025.