Role Purpose    

• Lead and manage the BSM Non-Life function through organization of people, establishment of processes and interactions to enable efficient determination and reporting of technical provisions and capital requirements for the non-life insurance business of Guardrisk in territories of operation.

Requirements    

• Qualified actuary
• Registered with Actuarial Society of South Africa or a similar professional body of the Actuarial Profession
• At least 8 years’ working experience (most of this in non-life environment)
• Experience in managing team members towards a set deliverable
• Knowledge of generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS) and risk management principles
• Understanding of Enterprise Risk Management (ERM), Own Risk and Solvency Assessment (ORSA) and Solvency Assessment and Management (SAM) practices and philosophy

Duties & Responsibilities    

• Provide executive management within the segment with advice and support on the financial and risk implications of business activities and provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations
• Create and implement frameworks and guidelines to ensure consistent reporting across the function and business
• Provide input to strategically enhance financial performance and business opportunities
• Contribute to the design and development of BSM Non-Life strategies, policies and practices and oversee the implementation of such strategies, policies and practices within area of responsibility
• Develop and maintain sound actuarial valuation and capital models
• Ensure overall integrity of both technical provisions and regulatory capital estimates
• Manage and maintain processes to source policy data, accounting information and asset information used in area of responsibility
• Attend and chair operational meetings and provide advice in relation to current and future capital requirements impacting cell clients and various licenced entities in various jurisdictions
• Analyse problematic situations and occurrences and provide solutions
• Provide input into business plans that facilitate achievement of market development activities
• Ensure company policies and legal guidelines are communicated received from executive management are implemented in area of responsibility
• Communicate and maintain trust relationships with internal and external shareholders
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on relevant professional and industry forums
• Define fair and innovative client service practices which build rewarding relationships and allows team to provide exceptional client service
• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to business that improves client service offering
• Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service
• Manage client expectations surrounding deliverables in area of responsibility to ensure clients receive clear and accurate information and are kept appropriately informed
• Drive efforts to improve client service and fair treatment of clients within area of responsibility
• Incorporate client feedback into the enhancement of daily business processes and management operating systems
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
• Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values
• Select and recruit suitably qualified talent in line with Guardrisk values to provide resourcing that can execute the Guardrisk strategic plan
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness
• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members
• Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted
• Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth
• Effectively manage performance within the team in order to ensure business objectives are achieved
• Contribute to enabling business in delivery of the required volumes of quality business of appropriate products to the intended client base
• Oversee fiscal activity for area of responsibility, including budgeting, reporting, and engagement with audit teams and outsourced head of actuarial team
• Identify solutions to enhance cost effectiveness and increase operational efficiency in area of responsibility
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities
• Implement risk management, governance and compliance policies in own area of responsibility, to identify and manage governance and risk exposure liability

Competencies    

• Business Acumen 
• Analytical 
• Impact and Influence
• Collaborative 
• Innovative