Job Purpose: The Valuation Actuary is responsible for leading and executing all Actuarial valuation, financial reporting and reserve related activities for TC Life.
Key Accountabilities
Responsible for all Actuarial Valuation activities in Techcom Life, including Embedded value, reserving, statutory reporting, solvency reporting and IFRS 17 (if required)
Perform and oversee valuation of life insurance liabilities under applicable reporting bases
• Prepare monthly, quarterly and annual actuarial reports including reserves, sensitivities and analysis of change internally and for regulatory filings
• Manage external audit reviews
• Ensure completeness accuracy and consistency of actuarial models and assumptions
• Support wider finance team in budget planning
• Produce profitability analysis, reserve movements and drivers of earnings
Develop and maintain the standards for reporting, including:
- Development of Solvency reporting
- Participating in the V- RBC working groups and lobbying the regulator
- Creating the TEV standards to be used in Embedded Value reporting
- Ensure compliance with IFRS 17, RBC regulations, actuarial standards of practice (ASOP), and emerging global reporting requirements.
Support the Appointed Actuary in all regulatory activities.
- Ensure Appointed Actuary reports are completed on time and to a high standard.
- Participate in the Actuarial Working Group.
- Manage communication with the MOF for the Actuarial function
Executive Advisory and Strategic Influence
Drive the direction the company by making EV a cornerstone of decision making. Help to explain results to other departments and develop educational opportunities to explain key Actuarial concepts.
- Provide forward- looking insights using embedded value, cash flow testing, new business strain analysis, and profit emergence simulations.
- Lead critical incident reviews tied to valuation errors, assumption breaches, or regulatory findings and define corrective actions.
- Advise C- level leadership on implications of strategic decisions including capital optimization, product redesign, and M&A activities.
- Review and challenge business plans and embedded assumptions to safeguard long- term financial soundness and shareholder value.
Talent Strategy and Competency Development
- Chair internal valuation review forums to promote peer challenge, technical discourse, and cross- team collaboration.
- Build and manage a succession pipeline for valuation leaders via structured mentorship programs, rotational assignments, and personalized capability- building roadmaps.
- Drive DE&I values and cultivate a resilient, high- performance team culture rooted in excellence and ethics.
- Define role- based technical benchmarks and lead professional certification initiatives across the valuation function (SOA, FIA, ACCA, etc.).
PEOPLE MANAGEMENT
- Act as a role model and promote corporate culture at sub- function level
- Manage team performance & provide feedback regularly (following the annual performance management cycle);
- Understand & communicate relevant HR offerings to team members.
- Enable team member’s professional and personal development through capability assessment, training, coaching & feedback, etc.
- Motivate and recognize team members’ contributions towards the team’s shared goals
- Responsible for developing talents within the team
- Attract, onboard and retain the right talent for a high- performing team
- Communicate team and individual KRAs/ KPIs, goals, action plan, expectations and results to team members
