Deputy Manager

Client of Kalamntina

Responsibilities

• Establish and maintain governance frameworks for life calculations in alignment with IFRS 17 requirements.
• Support actuarial teams with calculations and valuation processes.
• Develop aggregation tools for actuarial data streams and review assumptions used in cashflow modeling.
• Review and refine implementation guidelines covering portfolio classifications, product mapping, scope assessment, levels of aggregation, contract boundaries, and measurement models.
• Ensure consistency in actuarial assessments, including PAA eligibility, onerous contracts, loss components, risk adjustment, coverage units, and CSM amortization patterns.
• Enhance actuarial reports and regulatory disclosures with detailed reviews, key indicators, and insightful summaries.
• Validate actuarial results and provide recommendations, with extended support to general insurance activities.
• Address ad-hoc requirements such as shareholder requests and acquisition-related analyses.

Group Reserving

• Design and maintain periodic reserving processes, ensuring appropriate actuarial methodologies are applied.
• Monitor and explain reserve movements, assessing adequacy through actual vs. expected experience.
• Communicate reserving processes and findings to non-technical stakeholders.

Data Analytics

• Standardize business classifications and streamline actuarial data sources across all business areas.
• Develop reliable and comprehensive data sources to support actuarial and management reporting.
• Produce standardized MIS reports to help management evaluate insurance portfolio performance.
• Provide ad-hoc analytical support to business leaders.

Financial & Business Unit Support

• Monitor assets, liabilities, and solvency positions, identifying mismatches and recommending corrective actions.
• Assist finance teams with financial statement preparation, budgeting, forecasting, and capital modeling.
• Support ERM initiatives in capital optimization and risk management.
• Collaborate with investment, underwriting, and claims teams to review policies, strategies, and adequacy of practices.

Reinsurance & Regulatory

• Evaluate reinsurance programs and optimization strategies.
• Support appointed actuaries in fulfilling statutory and regulatory requirements.

Qualifications

• Post-graduate actuarial degree (Master s or Associate of a recognized actuarial organization); alternative qualifications considered.
• Professional actuarial certification with examination-based credentials.
• Minimum 6 years of actuarial experience in a formal environment.
• Strong background in financial analysis, management reporting, and IFRS 17.
• Experience managing staff and leading small to medium-sized teams.
• Familiarity with actuarial software, technical tools, and programming (preferred).
• Excellent communication, interpersonal, and leadership skills with a collaborative mindset.
• Strong planning, organizational, and time management skills with the ability to manage multiple projects.
• High proficiency in reporting, analysis, and presentation; formal English required (Arabic is an advantage).