Head: Actuarial Ecosystems
Hollard Insurance
Date: 18 hours ago
City: Johannesburg, Gauteng
Contract type: Full time
Job Purpose
Reporting directly into the Hollard Group Actuary, the role will be required to work on, provide direction and lead parts of business critical and strategic projects, including the finance and actuarial transformation project, actuarial model development and the wider actuarial ecosystem automation across the Group Actuarial environment.
The role supports and enhances the efficiency and optimality of BaU processes across Group, including Life and Short-term actuarial. This role is to ensure the function remains technologically relevant and enabled for end-to-end delivery with a high degree of autonomy, including but not limited to considering RPA implementation and AI (e.g., Mortality investigations).
Key Responsibilities
Medium to Long-Term Strategy
Reporting directly into the Hollard Group Actuary, the role will be required to work on, provide direction and lead parts of business critical and strategic projects, including the finance and actuarial transformation project, actuarial model development and the wider actuarial ecosystem automation across the Group Actuarial environment.
The role supports and enhances the efficiency and optimality of BaU processes across Group, including Life and Short-term actuarial. This role is to ensure the function remains technologically relevant and enabled for end-to-end delivery with a high degree of autonomy, including but not limited to considering RPA implementation and AI (e.g., Mortality investigations).
Key Responsibilities
Medium to Long-Term Strategy
- Take ownership for setting the medium to long-term strategy for Actuarial Models, data and processes in the Corporate Actuarial environment in consultation with all stakeholders including and not limited to the Head of Long Term and Short Term Corporate Actuarial and CFO’s
- Ensure unification of metrics driven out of Corporate Actuarial across the enterprise (pricing and finance)
- Become the thought leader and specialist for process automation across the Corporate Actuarial environment
- Ensure improved efficiency and automation across the areas ensuring lean functions that drive analysis and insights
- Ownership of the Actuarial Data dictionary and ensure IT enables appropriate infrastructure to support Actuarial functions
- Assist with BaU activity in the Corporate Actuarial across the Valuation and Capital functional areas.
- Manage automation of data source reconciliations and data controls
- Manage the actuarial model development and optimization initiatives
- Manage the end-to-end actuarial ecosystem from data to models to results production and SQL database results management.
- Driving efficiencies in actuarial models through model automation, development and streamlining.
- Develop and manage a streamlined results production capability in order for the valuation and capital teams to utilize standard run structures and result templates from SQL to deliver key result insights and flexible reporting capabilities.
- Work on ad hoc strategic projects including:
- Process optimization
- Process automation
- Capital optimization
- Control enhancements and automation
- Reporting enhancements
- Profitability drivers and value measurement
- Assist with insights required into the various businesses that cannot be obtained through BaU processes, and refine BaU processes to deliver these insights going forward
- Assist with IFRS17 BaU embedment as well as refinement of reporting and control processes
- Be an integral part of the Ledger transformation project and drive to completion
- Assist the Heads of Corporate Actuarial to provide Exco and senior management with management information and business insights
- Assist in embedding the alternative reporting metrics workstreams into the Business Units
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