Head, Risk Management and Actuary

Background:
The Head of Risk Management and Actuary is responsible for leading the organization’s risk management framework and actuarial functions. This role involves developing risk assessment strategies, managing actuarial processes, ensuring compliance with regulations, and providing strategic insights to support the organization’s profitability and growth. The position requires a
strong leader capable of fostering collaboration across teams and building relationships with key stakeholders.

Responsibilities:
1. Lead and oversee the risk management and actuarial teams, setting strategic objectives and ensuring effective risk assessment and analysis processes.
2. Develop and implement comprehensive risk management strategies, policies, and procedures to identify, assess, and mitigate risks.
3. Oversee actuarial analysis, including pricing, reserving, and capital management, ensuring accuracy and compliance with industry standards.
4. Establish and maintain pricing models and methodologies based on risk assessments and market conditions.
5. Conduct in-depth evaluations of risk factors affecting the organization’s financial stability and operational performance.
6. Collaborate with underwriting, finance, and other departments to align risk management practices with overall business objectives.
7. Monitor and report on key risk indicators, ensuring senior management is informed of potential issues and recommended actions.
8. Stay current with regulatory requirements and industry best practices to ensure compliance and effective risk management.
9. Develop and implement training programs to promote a culture of risk awareness and compliance throughout the organization.
10. Interface with external stakeholders, including regulators, auditors, and industry associations, to represent the organization on risk management and actuarial matters.
11. Utilize data analytics and predictive modeling to enhance risk assessment capabilities and support decision-making processes.
12. Conduct regular audits and reviews of risk management practices to ensure adherence to established policies and procedures.
13. Identify emerging risks and trends in the industry, making recommendations for proactive measures to mitigate potential impacts.
14. Contribute to the organization’s overall strategic planning by providing insights on risk factors and opportunities.

Requirements and Skills:
1. Bachelor’s degree in Actuarial Science, Finance, Risk Management, or a related field; a Master’s degree is preferred.
2. Professional actuarial designation (e.g., ASA, FSA, ACAS, FCAS) is strongly preferred.
3. Minimum 10+ years of experience in risk management and actuarial roles, with at least 4+ years in a leadership capacity.
4. Proven track record of success in developing and implementing risk management and actuarial strategies.
5. Excellent leadership, communication, and interpersonal skills, with the ability to influence stakeholders at all levels.
6. Strong analytical and problem-solving skills, with experience in data analysis and predictive modeling.
7. Ability to work independently and collaboratively in a fast-paced environment.
8. Advanced degrees or professional certifications such as CFA, ACA, or similar are advantageous