Head of Valuation (325197)

  Information

Management
Management (6-10 years)
Not specified

  Company

Not specified
Insurance
New Cairo, Cairo, Egypt

  Description

  • Contribute to the development and implementation of the company's strategic plan, focusing on actuarial aspects.
  • Project future revenues and profits to support strategic decision-making.
  • Identify, assess, and mitigate actuarial risks.
  • Develop, maintain, and enhance actuarial models to ensure accuracy and reliability.
  • Perform complex actuarial valuations, including reserve calculations, solvency analysis, and product pricing.
  • Ensure compliance with regulatory requirements and industry standards.
  • Validate system-generated data to ensure accuracy and consistency.
  • Lead and manage a team of actuarial analysts, providing guidance, support, and training.
  • Set clear performance expectations, provide feedback, and conduct performance reviews.
  • Identify training and development needs for team members and implement appropriate training programs.
  • Collaborate with other departments, such as finance, underwriting, and claims, to ensure alignment and effective communication.
  • Build and maintain relationships with external stakeholders, such as regulators and re-insurers.
  • Identify opportunities to improve efficiency and accuracy in actuarial processes.
  • Implement automation tools to streamline workflows and reduce manual effort.

  Requirements

  • Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field from a reputable university.
  • Minimum 6-10 years of relevant experience. 
  • Excellent knowledge of insurance products.
  • Overall knowledge of general management principles and processes sufficient to professionally handle the sub-department.
  • A detailed knowledge of the deliverables of all the sub-departmental work, including in-depth knowledge of departmental processes and procedures.
  • A developed understanding of all system-produced of company systems and reports applicable to the sub-departmental work.
  • Good knowledge of VBA and MS Access.
  • A detailed knowledge of Egyptian Insurance Law and accompanying Regulations.
  • Knowledge of international actuarial best practices and principles.
  • A well-developed knowledge of risk management principles and corporate governance best practices.
  • Excellent communication and negotiation skills.
  • Gains people's commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
  • Creates a culture that promotes the company’s values and standards through role modeling, accountability, and ownership of decisions.
  • Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
Created on06 Nov 2024
Last updated on13 Nov 2024
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