Actuarial Manager

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 jobs@nchitohaven.com  nor later than 21st June 2025.