Actuarial and Strategy Manager at Newtan Insurance Limited

Job Summary

The Actuarial and Strategy Manager plays a key role in positioning actuarial analysis with the organization's strategic objectives by combining technical actuarial capability with business and financial insights, the role supports effective decision-making, strengthens risk management, improves pricing and product strategies, and contributes to sustainable growth and profitability.

Qualifications

• Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance, or a related field.

Experience

• 3-5 years of relevant experience in actuarial, Insurance, banking, or financial services.
• At least 2 years of leadership or management experience.
• Experience in strategic planning, or business analytics is highly added advantage.

Job description:

Technical

• Conduct and review internal actuarial liability valuation for the company, analysis of profitability.
• Collate review and interpret actuarial result for the company
• Provide technical input in existing products assessment and review new product pricing and review of premium rate for existing product for the company.
• Access Risk department in identifying qualifying risk insurance market and credit risk.
• Monitor product performance and recommend pricing or product changes
• Assist with developing a Regulatory Capital modelling for use quantifying risk and risk-based capital requirements where required.
• Conduct claims experience analysis, expense investigations, persistency/business retention studies, and other relevant actuarial investigations for the company to inform business decision and to assist in actuarial work.

Strategy Responsibilities

• Assist with business planning financial projection strategy development analysis, market and competitor analysis, internal business/ financial analysis and make proposals on the Company’s medium to log term strategic plan.
• Support the growth and implementation of corporate and business strategies.
• Conduct market research, competitor analysis, and industry trend assessments.
• Asses new business opportunities, products, and partnerships.
• Develop financial models to assess strategic initiatives and investments.
• Evaluate potential initiatives to improve efficiency and maximize profitability.
• Collaborate with business units to implement strategic initiatives.

Leadership & Stakeholder Management

• Work closely with Finance, Underwriting, Risk, Product Development, Sales, and Executive Management.
• Present technical findings to non-technical stakeholders.
• Support strategic decision-making through data-driven recommendations.

Leadership & Stakeholder Management

• Support strategic decision-making through data-driven recommendations.
• Manage external consultants, auditors, and regulatory relationships.

Core Competencies

• Strategic thinking
• Analytical and problem-solving skills
• Risk management
• Excellent communication and presentation skills
• Project management

Preferred Attributes

• Ability to translate complex actuarial analyses into actionable business insights.
• Strong business mindset with the ability to balance risk and growth objectives.
• High integrity, know how, and attention to detail.
• Ability to manage multiple priorities in a fast-paced situation.
• Continuous learning mindset with a focus on innovation and data-driven decision-making.