Head, Actuarial Services at Estrada International Staffing Solutions

Estrada International Staffing Solutions - Our client is a leading insurance company renowned for its innovative solutions and commitment to delivering tailored risk management services. The organization is at the forefront of driving financial stability and customer-centric strategies within the insurance industry, with a focus on operational excellence and sustainability.

We are recruiting to fill the position below:

Job Title: Head, Actuarial Services

Location: Lagos
Employment Type: Full-time

Job Description

• The Head of Actuarial Services is a senior leadership role responsible for providing strategic direction and oversight of all actuarial activities.
• This includes leading pricing, reserving, and risk management functions to ensure the company’s financial soundness and regulatory compliance.
• The role demands strong analytical capabilities, industry expertise, and a forward-thinking approach to optimize profitability and manage risk in a dynamic market environment.

Responsibilities

• Develop and implement actuarial strategies to support the company’s financial and business objectives.
• Lead the pricing of insurance products, ensuring competitiveness while maintaining profitability.
• Oversee the valuation of insurance reserves and ensure compliance with regulatory requirements.
• Provide actuarial insights to support strategic decision-making, including risk assessment, capital management, and investment planning.
• Collaborate with underwriting and product development teams to design innovative insurance solutions.
• Develop and maintain robust actuarial models, ensuring accuracy and alignment with industry standards.
• Prepare detailed actuarial reports and communicate key findings to senior management and the board.
• Monitor and manage risk exposures, implementing measures to mitigate financial risks effectively.
• Stay updated on industry trends, regulations, and advancements in actuarial practices.
• Mentor and develop a high-performing actuarial team, fostering a culture of excellence and innovation.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Fellowship or Associate membership in a recognized actuarial professional body (e.g., SOA, CAS, or IFoA).
• Minimum of 10 years of actuarial experience, with at least 5 years in a senior leadership role within the insurance industry.
• Proven expertise in pricing, reserving, risk management, and financial modeling.
• Strong knowledge of regulatory frameworks and compliance requirements in the insurance industry.
• Exceptional analytical, problem-solving, and decision-making skills.
• Excellent communication and presentation abilities, with experience engaging with executive leadership and regulatory bodies.
• Demonstrated ability to lead and inspire teams in a fast-paced, results-driven environment.

Application Closing Date
29th January, 2025.