Senior Actuary Director

Job Description

The Senior Actuary Director for the Life & Investment Division is a key member of the actuarial team, responsible for ensuring the financial soundness, risk management, and profitability of the company’s life insurance and investment-linked product portfolio. This role supports product pricing, reserve valuation, experience studies, and capital analysis, while ensuring compliance with actuarial standards, internal policies, and regulatory frameworks.

The ideal candidate brings strong technical and analytical skills, sound actuarial judgment, and the ability to collaborate across departments such as finance, product development, investments, and risk. The Senior Actuary will also contribute to strategic projects related to product innovation, reinsurance optimization, and financial modeling.

The essential functions include, but are not limited to the following :

• Lead and oversee the pricing of life and investment-linked products, ensuring methodologies, assumptions, and target profitability metrics (e.g., VNB, IRR, ROE) align with the company’s risk appetite, capital requirements, and governance standards.
• Support the full product development lifecycle — from concept and feasibility through pricing, regulatory filings, implementation, and post-launch monitoring — in close collaboration with product, finance, investment, and compliance teams.
• Perform monthly and quarterly reserve calculations for life and investment-linked products under statutory, GAAP, and / or IFRS reporting frameworks.
• Conduct experience studies (e.g., mortality, lapse, expense, investment performance) and assist in updating valuation and pricing assumptions.
• Collaborate with product and investment teams to evaluate and model investment strategies, asset-liability matching, and fund performance impacts on product profitability.
• Assist in the development, testing, and enhancement of actuarial models using tools such as AXIS, Prophet, or other appropriate systems for both life insurance and investment products.
• Contribute to regulatory filings such as actuarial opinions, asset adequacy testing, and risk-based capital reporting.
• Support the assessment and implementation of changes in actuarial standards, regulatory requirements, or accounting frameworks (e.g., IFRS 17, GAAP LDTI).
• Analyze and report on the performance of unit-linked or participating funds, including policyholder dividends and investment performance.
• Work with cross-functional teams (finance, compliance, product, and investments) on product development initiatives and strategic projects.
• Ensure compliance with Actuarial Standards of Practice (ASOPs), internal controls, and corporate risk management policies.
• Maintain required continuing education and professional development through the Society of Actuaries or relevant actuarial bodies.
• Perform other duties and projects as assigned by actuarial management.

• Provide actuarial insight to management for strategic decision-making, financial forecasting, and capital planning.
• Support the optimization of reinsurance arrangements and related risk transfer strategies.
• Participate in enterprise risk management (ERM) activities, including stress testing and scenario modeling.
• Support the integration of actuarial analytics with digital and data initiatives across the organization.

• Accuracy and timeliness of reserve valuations and actuarial reports
• Quality and audit compliance of actuarial models and documentation
• Pricing adequacy and alignment with target profitability metrics
• Turnaround time for product pricing or assumption updates
• Actuarial input to strategic projects (e.g., product launches, capital planning)
• Professional development, credential progression, and mentoring of junior actuaries

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• 15+ years of actuarial experience in life insurance and / or investment-linked products.
• Associate of the Society of Actuaries (ASA) required;
  Fellow of the Society of Actuaries (FSA) preferred.
• Strong knowledge of life insurance and investment…