About the job Reserving and Corporate AI ActuaryReserving and Corporate AI ActuaryMatric (Grade 12)Fellow of the Actuarial Society of South Africa (FASSA)Responsibilities:Reserving estimation:Lead the development, enhancement and implementation of robustreserving processes and methodologies using actuarial and advancedmodelling techniques.Monitor experience and assess reserve adequacy, making enhancementsas necessary based on emerging data and trends.Use data analytics to analyze historical experience to assist SeniorManagement with strategic decision-making processes.Stay updated with and ensure compliance to the relevant regulatoryrequirements and standards (IFRS 17, SAM, APNs etc.
)Corporate Artificial Intelligence ChampionServe as the AI Champion for the Corporate Actuarial team, identifyingand implementing opportunities to integrate artificial intelligence andmachine learning techniques into actuarial processes.Collaborate closely with the wider Company Insure AI and OperationalAnalytics teams to develop and implement AI solutions that enhanceactuarial models, data analysis, and decision-making processes.Lead and provide guidance on AI-related initiatives within the CorporateActuarial function.Leadership and InnovationDefine and articulate a strategic vision for the future development of thereserving function, incorporating advancements in technology, analytics,and regulatory requirements.Lead initiatives to streamline processes and enhance the scalability ofreserving methodologies, ensuring readiness for business growth andexpansion into new markets.Champion innovation and collaboration within the actuarial team,fostering a culture of continuous improvement and knowledge sharing.Stakeholder EngagementCollaborate with underwriting, finance, claims and pricing teams tooptimize the reserving process and provide feedback into strategicdecision-making processes.Manage deliverables and relationships with external audit, Head of Actuarial Function, Group Risk and the Prudential Authority.Presentations to the Actuarial Committee and Senior Management onmodel enhancements and financial results.
#J-18808-Ljbffr