ACTUARIAL MANAGER JOB DESCRIPTION

Reserve inadequacy and mispriced risk both trace back to the same gap: no one with the authority and technical depth to own the numbers. An Actuarial Manager in property and casualty insurance holds that ownership, setting reserving methodology, validating capital model outputs, and presenting findings to underwriting leadership and external auditors. The role sits within the actuarial function of a carrier, Lloyd's syndicate, or global consulting practice, where FCAS designation and command of Solvency II or CAS standards are the baseline. Precision here is not optional.

As the Actuarial Manager, you are accountable for the accuracy and timeliness of reserving, pricing, and capital analyses across commercial and personal lines of business, translating complex actuarial results into decisions that protect the insurer's financial position. You lead a small team of analysts and report to a VP of Actuarial or equivalent, with direct responsibility for regulatory filings, model governance, and the development of junior actuarial staff.

Career Impact: Owning reserve sign-off and presenting directly to underwriting leadership accelerates the path from ACAS to FCAS and establishes credibility in the Lloyd's and commercial lines market that generalist roles rarely provide.

Business Impact: The reserve and pricing recommendations produced in this seat determine whether a carrier's loss ratio stays within plan and whether rate filings clear regulatory review on schedule.

Growth Opportunity: Exposure to capital modelling under Solvency II, IFRS 17 integration, and cross-functional work with claims and underwriting broadens the technical scope needed to move into a Director of Actuarial or Chief Actuary role.

• Lead reserving and ratemaking analyses across commercial and personal lines to support quarterly close and annual regulatory submissions.
• Own capital model validation, including design of quantitative review tests that challenge internal model parameters and output.
• Review actuarial work products completed by junior team members, providing structured feedback against CAS standards of practice.
• Manage stakeholder communication with underwriting, claims, and external auditors, translating reserve movements into clear business narratives.
• Design and maintain documentation of reserving methods, assumptions, and data sources to support a complete and auditable process trail.
• Partner with underwriting and product teams on pricing methodology updates, including rating factor analyses and trend selections for commercial lines.
• Coordinate responses to regulatory inquiries, Lloyd's reporting requirements, and SAO provider queries within agreed turnaround windows.
• Mentor and develop analysts, including oversight of actuarial exam study plans and performance against project deliverables.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field, or equivalent work experience.
• 5 or more years of property and casualty actuarial experience, with at least 2 years managing a team or leading project delivery.
• ACAS or FCAS designation, or demonstrated progress toward Fellowship with an active exam plan.
• Demonstrated experience applying reserving techniques such as chain-ladder, Bornhuetter-Ferguson, or stochastic methods across multiple commercial lines.
• Knowledge of capital modelling concepts, including SCR calculation under Solvency II Standard Formula or internal model frameworks.
• Proven ability to produce clear written and verbal communication of actuarial results to non-actuarial audiences, including senior leadership and auditors.
• Strong analytical and data management skills, with the ability to work across large, complex datasets and identify data quality issues.

• FCAS designation or near-completion, with active MAAA membership for regulatory filing work in the US market.
• Experience with Lloyd's market reporting obligations, including SAO sign-off processes and Lloyd 's-specific reserving requirements.
• Familiarity with IFRS 17 transition workstreams, particularly the integration of new reporting outputs into existing reserving processes.
• Prior engagement in cross-functional pricing or product development initiatives alongside underwriting or distribution teams.

• Reserve adequacy ratio per line of business, measured against ultimate loss development at 12, 24, and 36 months.
• Regulatory filing on-time rate, tracking the percentage of rate filings and statutory returns submitted by deadline.
• Model validation findings rate, counting identified parameter errors or methodology gaps per review cycle.
• Audit query resolution time, measuring average days from external auditor query receipt to documented response.
• Team exam progression rate, tracking the proportion of analysts advancing at least one actuarial exam per calendar year.
• Typical tools: actuarial reserving platforms (commonly ResQ or Igloo); statistical programming environments (commonly R or SAS); spreadsheet modelling (commonly Excel with VBA).

• Base Salary Range: $130,000 to $175,000 annually, depending on designation and experience.
• Bonus: Annual performance bonus, typically 10% to 20% of base salary.
• Equity: Equity participation uncommon at this level; may apply at larger publicly traded carriers.
• Health Benefits: Medical, dental, and vision coverage; employer-subsidized premiums standard.
• PTO: 15 to 25 days annually, plus standard US public holidays.
• Common Perks: Actuarial exam study time and exam fee reimbursement; continuing education support; hybrid work schedule.

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Background check completion, including criminal history review and where applicable credit history verification, is a condition of employment. All applicants are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected under federal, state, or local law. Reasonable accommodations for qualified individuals with disabilities are available throughout the hiring process upon request. Candidates must hold current authorization to work in the United States without sponsorship.

The Actuarial Manager owns the technical delivery of capital model validation, build, and capital management projects for clients in the London Market and UK retail insurance, providing insight on capital matters to senior executives and board-level stakeholders. Partnering with clients and internal teams across the capital Field of Expertise, this role delivers benchmarking surveys, manages expectations on delivery timescales and cost, and enables sales-oriented outcomes through people development and coaching.

Key Responsibilities

• Manage technical delivery and reporting for projects, primarily model validation, build and capital management, providing insight on technical capital matters.
• Support wider capital-related projects such as Transactions or Finance/Actuarial transformation.
• Develop and support people through supervising, coaching and mentoring.
• Play a part in the internal Capital FoE, developing tools and people to stay ahead of the market and support sales-oriented client interactions.
• Run and develop capital benchmarking surveys, including client meetings to play back results and highlight key points of interest.
• Lead discussions with client contacts and manage expectations of delivery, content, timescales and cost.
• Present to clients at senior executive and board levels.
• Identify risk on the assignment, involving the Senior Manager/Director/Partner appropriately in its resolution.
• Assist in responding to client proposals.
• Play a role in how the team operates and develops, such as feedback, counselling, finance, recruitment, learning and development.

Required Qualifications

• Significant actuarial experience in the London Market or leading-edge UK retail insurance, with a degree-level qualification.
• Qualified or very nearly qualified actuary.
• Experience designing, building and parameterising capital models, ideally under Solvency II, including embedding internal models into key business decision-making such as business planning, reinsurance purchasing and technical pricing.
• Experience in primary and/or independent validation of key model components and developing quantitative review tests to assess and challenge internal model parameters and output.
• Experience designing diagnostics and preparing internal model output reports to communicate results to senior management and the board.
• Capital management expertise, including assessing methodology and sufficiency of capital buffers, managing multinational groups under different capital regimes, and reinsurance and capital optimisation.
• Knowledge of Solvency II Standard Formula for SCR calculation, risk tolerance metrics, ORSA processes, and visualisation packages.
• Extensive experience with at least one capital modelling platform: Igloo, Tyche, and/or Remetrica.
• Track record of managing a capital modelling team or leading capital activities and projects.
• Strong quality ethic, excellent written and oral communication, organisational skills and team orientation.

Embedded within the actuarial function, the Actuarial Manager leads the valuation of reserves for the mortgage insurance product line, applying traditional reserving techniques and analysing loss trends to project future losses. Working closely with senior leadership, auditors, and regulatory authorities, this role shapes reserving documentation and best-practice sharing across functions to support transparent and accurate financial reporting.

Core Functions

• Manage and support the actuarial function in valuing reserves for the mortgage insurance product line.
• Apply traditional actuarial reserving techniques to assess reserves and conduct reviews of loss results, past and current trends, to project future losses.
• Lead, coach, and develop a small team of high-performing actuaries.
• Develop internal and external communications, including interactions with regulatory authorities and management, to describe and support reserve changes.
• Support the development and design of new models for reserving and forecasting purposes.
• Display proficient ability to analyse SAS datasets and modelling results and test for possible data biases and errors.
• Create and review documentation procedures and policy documents to ensure a transparent and cohesive reserving process.
• Incorporate and share best practices regarding reserving models, techniques and research with other functions.
• Respond to questions from senior leadership, auditors, consultants and other interested parties.

Qualifications & Experience

• Bachelor's degree in actuarial science, mathematics, statistics or a related field.
• Fellow of the Casualty Actuarial Society (FCAS).
• 5+ years in finance, risk or actuarial functions, mostly focused on reserving.
• Knowledge of the mortgage insurance product line and accepted actuarial standards and methodologies.
• Experience with machine learning and predictive modelling.
• Proficiency in Microsoft Office (Excel, Access, Word and PowerPoint) and computer programming such as SAS or VBA.
• Excellent communication skills in a collaborative cross-functional environment, including senior leaders.
• Strong planning, vision setting and organisational skills.
• Critical thinking, problem-solving skills and strong attention to detail and accuracy.

Reporting to senior management, the Actuarial Manager delivers high-quality advisory and audit services to insurance clients, applying professional scepticism to reserve and capital assessments for statutory and regulatory purposes across UK GAAP, IFRS, and FCA reporting frameworks. Partnering with non-actuarial colleagues in auditing and accounting, this role supports client relationship development, proposal activity, and the management of small to medium-sized teams on client engagements.

Primary Duties

• Demonstrate professional scepticism when assessing reserves and capital calculations for statutory and regulatory purposes.
• Apply standard actuarial reserving techniques across a variety of reporting contexts.
• Manage stakeholders and communicate with the most senior leadership of insurance organisations.
• Work with large and sparse datasets to assess actuarial judgements.
• Collaborate with non-actuarial colleagues, primarily those with auditing and accounting backgrounds.
• Assist in the delivery of client engagements as part of a project team on client sites.
• Provide high-quality advisory services to clients.
• Support senior management efforts to cultivate and maintain target client relationships, including assisting with proposals and sales materials.
• Draft reports and presentations and provide technical input to other KPMG teams.
• Manage small to medium-sized teams and support sales, marketing, research and knowledge management activities.

Skills & Qualifications

• Qualified actuary with Personal Lines market experience and knowledge of UK regulatory regime and reporting methodologies, including UK GAAP, IFRS and FCA Returns.
• Advanced data and analytics skills, including specialist software such as Alteryx; modelling tools such as Igloo and ReMetrica; programming tools such as VBA and .NET; and advanced Excel skills.
• Capital modelling experience and knowledge of non-life insurance products.
• Ability to manage concurrent engagements and produce deliverables with a comprehensive audit trail, ready for final review.
• Strong project and people management skills, including strong coaching skills to develop junior team members.
• Ability to develop productive client relationships and bring in business.
• Strong written and oral communication skills, including the ability to explain actuarial concepts to non-actuaries; flexibility and enjoyment of challenging projects across business groups.

Sitting at the intersection of actuarial science and healthcare finance, the Actuarial Manager leads rate development, risk adjustment analyses, and risk score simulations for ACA products while overseeing regulatory requirements on Cost Sharing Reconciliation and related data submissions. Operating across Finance, IT, and corporate initiatives, this role supervises a team of up to five staff and enables profitable growth by improving the quality and efficiency of actuarial models, analyses, and reports.

Duties

• Lead initiatives supporting ACA products on rate development, including analyses and recommendations on benefit design, rating factors, trend picks and projection of future claim costs.
• Oversee regulatory requirements on Cost Sharing Reconciliation and risk adjustments, and prepare data or responses for additional inquiries.
• Lead risk adjustment analyses and risk score simulations.
• Maintain financial relationships with vendors and providers.
• Lead and develop analytic reports for internal needs and/or regulatory requirements.
• Initiate and lead efforts to improve the quality and efficiency of actuarial models, analyses and reports.
• Serve as actuarial representative or SME for corporate initiatives and projects.
• Advise the Finance department on data warehouse designs and work with IT to implement or improve business processes.
• Drive organisational talent by retaining and developing colleagues and/or actuarial students.
• Supervise 1-5 staff members with weekly general supervision.

Experience & Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Finance, Economics or related field; Master's degree preferred.
• ASA or FSA designation.
• 5+ years of progressively responsible actuarial analysis experience in managed healthcare or insurance operations.
• 2+ years managing a small team of analysts.
• Proficiency in Excel, SQL and SAS or other statistical software.
• Strong analysis skills with the ability to conceptualise the impact of change and propose new business approaches.
• Strong interpersonal, leadership and communication skills, both verbal and written, to lead and direct others internally and externally.
• Ability to meet deadlines, multi-task, problem-solve and apply appropriate technology; project management skills a plus.

A key member of the actuarial team, the Actuarial Manager builds and manages the monthly reserving process for TME and Premium estimation while overseeing the evaluation of stop loss coverage limits and risk exposure within value-based contracts. Collaborating across Operations, FP&A, Clinical, Accounting, and Audit, this role delivers IBNR analyses, Medicare Advantage bid support, and direct contracting financials that inform cost-of-care management decisions.

Functions

• Design and implement an actuarially sound monthly reserving process for TME and Premium estimation.
• Manage continuous evaluation of TME performance compared to plan expectations.
• Support month-end financial and accounting processes for relevant actuarial estimates and ongoing audit review of IBNR estimates.
• Support medical economics reporting and ad-hoc analyses relating to the cost of care management.
• Design retrospective analysis of IBNR estimation and studies to monitor the suitability of completion factor estimates.
• Support the evaluation of stop loss coverage limits and risk exposure within value-based contracts.
• Design and manage actuarial intern/co-op analyses and manage Direct Contracting Reach Financials.
• Oversee the relationship with actuarial consulting firms and develop project plans for consulting.
• Support the summer internship project mentorship.

Background & Experience

• Bachelor's degree in Finance, Actuarial Science, Mathematics, Economics or Business required; ASA or FSA preferred.
• 4 or more actuarial exams required.
• 7+ years of experience in healthcare finance, consulting or healthcare actuarial analytics, including 3+ years each in healthcare value-based programme finance and Medicare/Medicare Advantage finance.
• Experience in determining monthly IBNR estimates and in the annual Medicare Advantage bid development process.
• Experience working with consulting actuaries and managing projects within a budget.
• Strong technical programming skills in SQL, R, SAS, Python and Looker; demonstrated data visualisation experience with Tableau, Looker or PowerBI.
• Ability to work cross-functionally with stakeholders across Operations, FP&A, Clinical, Accounting and Audit, and to lead multiple types of technical and actuarial analyses collaboratively.

Accurate actuarial funding and reserving for global professional services clients depends on the Actuarial Manager, who leads technical discussions, develops industry loss profiles, and runs Monte Carlo simulation models to determine pricing requirements and stochastic reserving estimates. Based within a global team that serves both internal and external Aon clients, this role manages captive premium funding reports and mentors analysts while refining dynamic financial analysis and capital modelling tools.

Accountabilities

• Communicate with global clients, both internal and external to Aon, and lead technical discussions in client meetings.
• Develop industry and firm-specific loss profiles for professional services firms, including modelling of severity and frequency distributions using historical loss data.
• Manage the review and analysis of individual firm and general industry assumptions used in determining loss profiles for professional services firms.
• Run frequency/severity Monte Carlo simulation models to arrive at actuarial funding and pricing requirements using various assumptions and approaches.
• Support brokers by forecasting expected premium, including review of programme structure and proposed reinsurance arrangements.
• Run simulation models to arrive at stochastic reserving estimates using various assumptions and approaches.
• Manage and prepare premium funding and reserving reports for client captives.
• Manage, develop, and refine financial modelling tools, including dynamic financial analysis and capital modelling, including Solvency II.
• Provide coaching, mentorship, personnel management, and peer review for analysts on the team.

Technical Qualifications

• Bachelor's degree in actuarial science, mathematics, or a similar relevant discipline.
• FCAS or ACAS designation required.
• Minimum 7 years of experience in a P&C actuarial role.
• Prior management experience.
• Strong communication, presentation, and interpersonal skills.
• Demonstrated attention to detail and excellent organisational skills.
• Experience with VBA, R, and/or @Risk.

As the Actuarial Manager, this role leads quantitative model design, implementation, and audit for insurance liabilities, life and capital requirements across Solvency II and IFRS frameworks, while advising clients on balance sheet management issues such as stochastic reserving and economic capital. The Deloitte practice relies on this work to develop cross-border business in actuarial and insurance advisory, advance junior consultants through coaching and performance feedback, and align client objectives with strategic priorities.

Strategic Responsibilities

• Contribute to business development in actuarial and insurance advisory, nationally and internationally, while fostering collaboration across businesses and borders.
• Design, implement, review and audit quantitative models for the calculation of insurance liabilities, life and capital requirements.
• Advise on balance sheet management issues such as stochastic reserving, economic capital, ALM and replicating portfolios.
• Contribute to assignments in the domain of Solvency II and IFRS.
• Develop models for internal use to cross-check and challenge client valuations.
• Perform actuarial analysis of processes, calculation models, methodologies and assumptions for insurance companies and pension funds.
• Participate in the career and performance development of the Deloitte practice by serving as a career counsellor, training consultants and providing performance feedback.
• Understand key objectives for clients and Deloitte, align people to objectives and set priorities and direction.

Position Requirements

• Master's degree in actuarial sciences with strongly developed quantitative skills.
• At least 6 years of Life and/or Non-Life actuarial experience in insurance companies and/or consultancy firms.
• Good understanding of the regulatory and accounting context within which insurance companies operate, including Solvency II and IFRS.
• Consulting experience and/or knowledge of Life tools such as Prophet and/or Non-Life tools such as ReMetrica, ERMS, and Igloo is an asset.
• Ability to influence clients, teams and individuals positively, leading by example and building confident relationships with senior stakeholders.
• Able to apply profitability management and sales fundamentals to support projects and pursuits.
• Fluent in English, French, and Dutch.
• Open, creative, enthusiastic and flexible team player.

Actuarial Manager leads portfolio monitoring from data pipeline maintenance and tool development through to claims experience investigations, while assisting with financial condition reports and IFRS 17 preparation. The work directly supports accurate actuarial reporting across property and casualty lines by coordinating with multiple departments to gain insight into observed experience and maintaining reporting templates for reserving and pricing assumption analysis.

Leadership Responsibilities

• Lead portfolio monitoring work from maintenance of the data pipeline and development of monitoring tools to investigations.
• Lead the preparation of actuarial datasets and maintenance of reporting templates.
• Assist with the analysis of claims experience, business performance and financial condition.
• Assist with the monitoring and analysis of claims experience against reserving and pricing assumptions.
• Assist with the preparation of financial condition reports and IFRS 17 when necessary.
• Coordinate with different departments to understand and gain insight into observed experience.

Professional Experience

• Relevant undergraduate degree in Actuarial or Computer Science or a quantitative field; candidates in the process of taking actuarial exams are welcome.
• At least 4 years of actuarial working experience, including demonstrated experience leading projects and teams.
• Technical experience in portfolio monitoring, claims experience analysis, data manipulation, and establishing data pipelines.
• Experience in financial reporting, budgeting, and coordination of information across and communication of results to relevant stakeholders; familiarity with property and casualty lines is highly desirable.
• Proficiency in Microsoft Office, SQL, and SAS; proficiency in actuarial tools such as ResQ, Emblem, or Radar is desirable.
• Ability to think critically, work autonomously, and communicate technical analysis verbally and in written form.
• Positive work attitude with a focus on continuous improvement.

The Actuarial Manager owns monthly close processes and executive-level communications summarising medical cost trend results, supporting the Medicare annual bid process and state and federal reporting requirements within a cross-functional environment spanning BI, IT, Operations, Clinical, and Medical Management. Partnering with teams across the organisation, this role mentors junior analysts and delivers actionable analytics that inform corporate cost-of-care strategy and trend mitigation opportunities.

Day-to-Day Responsibilities

• Responsible for monthly close, creating executive-level communications summarising results with methodology, summaries and limitations.
• Support the Medicare annual bid process with actuarial and financial analyses.
• Responsible for state and federally required reporting.
• Produce timely, accurate and actionable analytics in support of corporate initiatives.
• Identify drivers of medical cost trends and recommend opportunities to mitigate future trends.
• Stay informed with industry trends and best practices.
• Provide leadership and hands-on support for advanced analytical needs.
• Coordinate with cross-functional teams across BI, IT, Operations, Clinical and Medical Management.
• Mentor and develop junior team members and communicate effectively with multiple levels of the organisation.

Knowledge, Skills & Abilities

• ASA or FSA designation required; formal qualification in economics, public health, statistics, health economics, or business administration preferred.
• 5 years of quantitative analysis required.
• 1-3 years of managerial experience preferred.
• Experience with Medicaid, Medicare, and special needs plans or managed care organisations.
• Expertise in SQL, SAS, and Python, and other database management and querying tools.
• Working knowledge of healthcare data.
• Analytic and strategic thinker with strong verbal and written communication skills, including public speaking and presentation skills to audiences of varying sizes and job levels.

Embedded within the capital and financial reporting team, the Actuarial Manager delivers monthly HKRBC solvency estimation, GWS reporting, and valuation methodology reviews while supporting ALM initiatives to optimise capital utilisation under the HKRBC framework. Working closely with auditors, the HKIA, and internal stakeholders, this role advances the accuracy and governance of local statutory solvency reporting for a Hong Kong insurance operation.

Scope of Work

• Support regular HKRBC production, including analysis, explanation, and communication of results.
• Responsible for the preparation and review of the monthly solvency estimation for the HKIA.
• Responsible for the preparation and review of GWS reporting under HKRBC.
• Liaise with auditors to ensure audit clearance.
• Responsible for the HKRBC Valuation Methodology and Assumption review.
• Assist in various capital and ALM initiatives to optimise the company's capital utilisation under HKRBC.

Education & Experience

• University degree in a numerical subject such as Actuarial Science, Mathematics, or Physics.
• Passes in multiple actuarial examinations offered by the Society of Actuaries, Institute and Faculty of Actuaries, or equivalent bodies.
• Minimum 5-6 years of relevant working experience in capital and financial reporting.
• Knowledge of Prophet and stochastic modelling; ability to develop and update economic models in Excel or similar.
• Strong analytical, numerical, and attention-to-detail skills.
• Ability to work independently, manage workload, and develop and update economic models.
• Good interpersonal, communication, planning, and management skills.
• Open, proactive, and willing to challenge when necessary.

Reporting to the VP-Actuary, the Actuarial Manager shapes the quality and timeliness of ratemaking, reserving, and modelling analysis for commercial-lines property and casualty insurance, ensuring templates and documentation meet CAS standards. Partnering with staff across the organisation, this role maintains team performance through hiring, training, mentoring, and appraisal while providing analysis and project outputs that inform business decisions at all levels.

Operational Focus

• Utilise and verify data provided by IT to prepare ratemaking, reserving and modelling analysis.
• Assist in the design of the data structure necessary for monitoring and reporting of results.
• Ensure that templates used for ratemaking, reserving and modelling are correct as well as final products.
• Maintain clear and concise documentation of ratemaking, reserving and modelling methods and activities.
• Provide analysis of ratemaking, reserving, modelling and special projects to the VP-Actuary and throughout the organisation.
• Ensure the quality and timeliness of assigned projects for the team.
• Maintain continuing education requirements per Casualty Actuarial Society guidelines.
• Maintain staff by interviewing, selecting, orienting and training employees.
• Monitor and mentor team members in the development of their assigned project deliverables and appraise work results.

Minimum Qualifications

• Bachelor's degree in Math, Statistics, Economics or related field.
• Fellow of the Casualty Actuarial Society.
• 8 years of ratemaking experience and 3 years of management experience.
• Knowledge of the property and casualty insurance industry, related business processes and commercial-lines ratemaking and reserving.
• Communication skills to seek out details, express ideas and present solutions to business and technical audiences.
• Track record of continuing education in the insurance industry.

A key member of the actuarial leadership team, the Actuarial Manager leads pricing analytics and methodology development for commercial insurance, balancing profitability and growth goals while integrating traditional actuarial techniques with advanced analytics. Collaborating across underwriting, client management, and actuarial colleagues division-wide, this role ensures work products comply with applicable standards of practice and drives the technical and professional development of the team.

Key Deliverables

• Prioritise and lead actuarial and pricing analytics activities of the team, balancing potentially conflicting demands, and partner with the business unit to monitor and steer the portfolio to meet profitability and growth goals.
• Lead the development of new methodologies, products and procedures, integrating traditional actuarial techniques and advanced analytics, and lead efforts to streamline processes and workflow.
• Maintain current knowledge of trends and products in the (re)insurance and insurtech sectors and ensure reflection in pricing guidelines, practices, parameters and models.
• Complete peer reviews of actuarial work and provide constructive feedback, ensuring work products comply with applicable standards of practice.
• Interact with internal and external contacts to improve quality and knowledge of work product, and participate in client visits or audits as needed.
• Participate in defining appropriate actuarial policies, practices and standards across the division in collaboration with actuarial colleagues.
• Assess training needs and ensure the technical and professional development of the team, including training of underwriters and client managers on actuarial analyses and methodologies.
• Actively manage exam study time and continuing education and training of the team.

Requirements

• Bachelor's degree in Mathematics, Actuarial Science, Economics, Finance, Statistics, or related field.
• FCAS and MAAA membership required.
• 12 years of insurance/actuarial experience with at least 5 years in primary commercial insurance pricing and 5 years of management experience.
• Strong technical skills, including model building, data capture, and knowledge of advanced analytics.
• Strong interpersonal skills with the ability to influence and negotiate with others and create acceptance for proposals.
• Excellent oral and written communication skills.

The Actuarial Manager delivers complex financial modelling and analytical research on medical cost trends and strategy, combining SQL, Python, SAS, VBA, and R to apply technology to business process improvement and pricing decisions that support long-term earnings growth. The work directly supports Health Care Benefits executives with the medical cost trend information needed to make informed decisions, working collaboratively across Finance, Actuarial, and Data Science.

Areas of Ownership

• Evaluate internal and external medical cost trends and trend drivers and work collaboratively across Finance, Actuarial and Data Science to determine the financial impact of changes to medical cost management strategy, pricing position and earnings generation.
• Combine focused analytical research, complex financial modelling and business decision support related to medical cost actions and strategy with decision making on pricing and long-term sustainable earnings growth.
• Advocate for the effective use of technologies and provide development to build colleague competence within and external to MEU.
• Apply technology to improve business processes and compliance using SQL, Python, SAS, VBA, R and the full Microsoft Office suite.
• Actively participate in the change management process related to emerging technologies and data, including the successful launch and adoption of the new ADAM Cloud platform.
• Identify and analyse drivers of internal and external medical cost trends and propose scenarios for cost-saving actions.
• Support enterprise strategy by providing Health Care Benefits executives with medical cost trend information needed to make informed decisions.

Qualifications & Experience

• Bachelor's degree or equivalent work experience required.
• 5+ years in the managed care industry in contracting, reimbursement, product or benefits design.
• Knowledge and experience working in the healthcare industry.
• Skills in leading change and developing new content to inform and influence business leads and relevant stakeholders.
• Strong organisational, management and leadership skills; excellent analytical and problem-solving skills.
• Excellent written and verbal communication and presentation skills with the ability to leverage business acumen to anticipate stakeholder needs.

Sitting at the intersection of reserving technical expertise and stakeholder communication, the Actuarial Manager leads the accurate and timely communication of reserving results to Lloyd's, auditors, and SAO providers while implementing process improvements that enhance efficiency and control integrity. Operating across claims, underwriting, and the broader Lloyd's market environment, this role provides oversight of junior team members and integrates IFRS 17 results into current reserving processes.

Role Responsibilities

• Manage the communication of reserving results, with focus on key judgements, uncertainties, and the business impacts of emerging results.
• Complete returns promptly and to a high level of accuracy.
• Suggest and implement plans for improvements to reserving processes, including those that improve efficiency and effectiveness.
• Lead interaction with all aspects of the business, especially claims and underwriting, ensuring these interactions provide insight into the reserving processes.
• Undertake the integration of new systems into the current process, including the inclusion of IFRS 17 results.
• Respond to stakeholders, including Lloyd's, auditors, and SAO providers, ensuring queries are promptly and accurately answered and analysis is provided as required.
• Maintain controls to ensure the continued high integrity of the work of the reserving team.
• Be a proactive member of the reserving team, including providing oversight of junior team members and contributing to discussions on the direction of the team.

Skills & Qualifications

• Proven understanding and experience of reserving techniques and the ability to translate these to real-world trends, with strong technical insurance knowledge and actuarial skills.
• Excellent attention to detail and ability to self-check work with high accuracy of output.
• Self-motivated with proactive drive to create improvements in the work of the team and address issues.
• Ability to tailor approaches according to the output required and demonstrate strong problem-solving and decision-making skills.
• Strong interpersonal and communication skills, both oral and written, and strong relationship-building skills.

A key member of a multi-disciplinary consulting team, the Actuarial Manager refines clients' risk management frameworks through detailed pricing, reserving, valuation, and model development, advising client executives and Boards of Directors on operational improvements and business objectives. Collaborating with internal networks and external clients, this role builds relationships that enhance the firm's reputation while delivering comprehensive executive summaries and engagement work papers in accordance with industry-accepted methodologies.

Job Functions

• Be a trusted advisor to various companies, assessing, managing and optimising risk to protect and enhance their value and drive operational efficiencies.
• Work on multi-disciplinary teams to ensure clients' risks are managed.
• Develop in-depth knowledge of clients' businesses and industries and assist with recommendations to client executives, Boards of Directors and management teams to deliver improvements to their operations, processes and business objectives.
• Provide strategic business assurance to clients by assisting in the implementation of new processes and controls that address key risks.
• Assist in drafting comprehensive executive summaries and final reports for delivery to the client, documenting and reviewing engagement work papers in accordance with industry-accepted methodologies.
• Play a hands-on role in detailed pricing, reserving, valuation and model development.
• Utilise entrepreneurial skills to network and build strong relationships internally and externally with clients.

Technical Qualifications

• Bachelor's degree in Actuarial Science, Mathematics/Applied Mathematics, Statistics/Applied Statistics, or related field.
• Associate or Fellow SOA designation required; Fellowship preferred.
• 8+ years of relevant experience; experience as a client-serving professional for a consulting firm strongly preferred.
• Excellent analytical, technical, and problem-solving skills with strong attention to detail.
• Exceptional verbal and written communication, collaboration, and time management skills.
• Ability to travel up to 25%.

The Actuarial Manager produces and reviews complex actuarial analyses for Medicare Advantage business, focusing on Part C bid development, CMS regulatory submissions, and cross-market bid review while applying mathematical and statistical models to financial forecasts and ad hoc corporate initiatives. The work directly supports senior actuarial team members and stakeholders across product and finance by communicating results and managing tight deadlines across multiple competing priorities.

What You'll Do

• Perform and review complex actuarial analyses for Medicare Advantage business, including medical expense analyses and projections, financial forecasts, Medicare Part C bid development, and regulatory CMS bid submissions.
• Focus primarily on Medicare pricing and CMS bid and supporting documentation development, cross-market review of bids, and development and updating of supporting forecasting and analyses.
• Apply analytical methods through mathematical and statistical models in bid modelling and financial analyses.
• Complete ad hoc assessments and projects for corporate-wide or market-specific initiatives.
• Communicate results of analyses to more senior actuarial team members and present on specific topics in team and internal meetings.
• Guide stakeholders from product, finance, and other groups in the organisation.
• Manage tight deadlines for multiple competing priorities and converging opinions to a solution promptly.

Experience & Qualifications

• BS in Economics, Mathematics, Actuarial Science, or related field.
• ASA designation strongly preferred.
• 5+ years of actuarial experience with Medicare knowledge, particularly in Part C.
• Strong mathematical, financial, statistical, and technical skills.
• Strong communication and presentation skills, both written and verbal.
• Ability to identify problem areas and take initiative to implement solutions.
• Detail-oriented and able to work independently with minimal supervision.

Reporting to senior leadership, the Actuarial Manager creates local solvency reports, forecasts, and capital initiative analyses while maintaining a clearly documented audit trail of data, assumptions, and methods for local statutory financial reporting. Partnering with junior team members whose work is reviewed for consistency and reasonableness, this role promotes more efficient use of capital and free cash flow generation under the local capital framework.

Performance Expectations

• Produce local solvency reports and forecasts for assessing the solvency positions of the business.
• Conduct detailed analyses for accurate results, such as analysis of profits, reserves, and solvency movement.
• Enhance the valuation control, governance, and documentation for local statutory reporting.
• Drive capital initiatives to promote more efficient use of capital and free cash flow generation under the local capital framework.
• Evaluate the financial soundness of various business initiatives for business decisions.
• Maintain a clearly documented audit trail of data, assumptions, methods, modelling, process and financial results.
• Review the work of junior team members for consistency, reasonableness, comprehensiveness and suitability for purpose.

Qualifications & Experience

• University graduate in Actuarial Science, Mathematics, or Statistics, preferably a nearly qualified actuary.
• Minimum 5 years of experience in a related field, preferably in financial reporting.
• Strong analytical and problem-solving skills.
• Detail-minded, self-motivated, and able to work under pressure.
• Good command of both written and spoken English.
• Ability to manage a project with full autonomy.

Embedded within the actuarial and product management function, the Actuarial Manager guides rate filings and rating strategy across large group, small group, direct pay, and senior health insurance products, ensuring all strategies comply with applicable regulations and support financially viable new product launches. Working closely with Underwriting, Rating, Sales, and Product Management and Development, this role supervises entry-level and mid-level actuarial staff and monitors trends to inform timely pricing actions.

Work Activities

• Communicate effectively with internal and external stakeholders across all levels.
• Supervise entry-level and mid-level actuarial staff.
• Prepare rate filings for large group, small group, direct pay, or senior products.
• Work with Underwriting and Rating, Sales, Product Management, and Development to develop and implement appropriate rating strategies.
• Ensure that all strategies are in compliance with rate filings and applicable regulations.
• Provide advanced support for the claim reserve process and risk management assistance to Product Management and Development for the pricing of new products.
• Ensure that all new products are financially viable and stable.
• Determine underlying factors impacting pure premium trends for various products and regions.
• Monitor trends for use in rating, identify any shifts in trend, and take appropriate pricing actions.

Background & Experience

• Bachelor's degree in Actuarial Science, Mathematics, or Statistics.
• ASA designation required; committed to pursuing Fellowship in the Society of Actuaries.
• Member of the American Academy of Actuaries.
• 7+ years of actuarial experience with 2+ years of management experience and/or leading teams or projects.
• In-depth knowledge of one or more of the following: premium rate calculations, required reserves, plan design, trend analysis, rate table construction, actuarial research, or systems development.
• Strong supervisory, communication, organisation, and project management skills.

The Actuarial Manager crafts and executes pricing and reserving initiatives for personal auto and commercial auto products, applying actuarial methodologies and collaborating with subject matter experts and company leaders to implement changes that improve customer experience and business results. The work directly supports regulatory compliance and management decision-making by summarising analyses and presenting proposals clearly on pricing changes and reserving methodology enhancements.

Core Responsibilities

• Understand the PPA or commercial auto product and develop specific strategies related to price, product, underwriting, or reserving.
• Utilise actuarial methodologies and leadership skills to execute and deliver pricing or reserving initiatives.
• Collaborate with subject matter experts and other company leaders to implement changes that enhance customer experience and business results.
• Summarise analyses and present proposals clearly and correctly to management.
• Implement pricing changes correctly and in compliance with regulations, or enhance reserving methodologies to better understand business results.

Professional Experience

• Bachelor's degree with classes in statistics, finance, and accounting.
• CAS membership (ACAS or FCAS) required.
• Minimum 4 years in the P&C insurance industry with demonstrated understanding of the commercial or PP automobile product in pricing or reserving.
• Working knowledge of insurance regulation and related business constraints.
• High-level knowledge of data sources, tools, and modelling techniques.
• Self-motivated, goal-oriented individual with curiosity, good planning and organisational skills, and the ability to convey complex information clearly both verbally and in writing.
• Ability to adapt to a fast-paced environment and get work done through others.

Sitting at the intersection of actuarial reporting and business strategy, the Actuarial Manager manages teams to ensure valuation, capital, and risk reporting are produced accurately within agreed deadlines while overseeing the segment's IFRS 17 project transition into BAU. Operating across product reporting teams and specialised business areas, this role extracts insights for business consideration and ensures processes and models are efficient, robust, and standardised with adequate controls.

Ownership Areas

• Effectively manage teams to ensure that valuation, capital, and other risk reporting are produced accurately, within agreed deadlines, and with appropriate supporting commentary.
• Produce information for forecasting and ongoing monitoring of the financial impacts of the business strategy.
• Extract insights for business consideration and collaborate effectively with business and specialised areas across all levels.
• Manage the segment's involvement in the IFRS 17 project and the transition of reporting into BAU.
• Ensure processes and models are efficient, robust, and fit for purpose, driving synergies and standardisation across product reporting teams with an adequate control environment.
• Support the delivery of relevant ad-hoc projects as and when they arise.

Required Qualifications

• Qualified Actuary with at least 8 years of experience.
• Strong business acumen with the ability to gather a wide range of information, filter, and use it in making sound and balanced decisions.
• Excellent interpersonal and communication skills, including the ability to influence stakeholders outside the immediate area.
• Self-motivated and energetic with a strong sense of ownership, requiring minimal guidance and capable of managing a wide range of deliverables at once and driving projects to completion.
• Strong organisation and planning skills.

As the Actuarial Manager, this role guides technical teams and Global Delivery Partners through onshore and offshore resource management to deliver actuarial IT projects within defined EPMO metrics covering schedule, costs, and resource allocations. The actuarial IT function relies on this work to support internal policies and procedures, manage project resource demand, and ensure quality measurements across annuity administration, product development, pricing, modelling, and valuation.

Engineering Responsibilities

• Manage and develop individuals who support the actuarial function.
• Manage efforts of technical teams to ensure successful deliveries.
• Work with Global Delivery Partners to onboard and manage onshore and offshore resources.
• Deliver projects within defined EPMO fundamental metrics covering schedule, costs, and resource allocations.
• Guide internal policies and procedures in support of Actuarial IT.

Knowledge, Skills & Abilities

• Bachelor's degree in MIS, Computer Science, Math, Actuarial Science, or related field.
• 5+ years leading technical projects, preferably in reinsurance, annuity, or financial services; 2+ years of formal people leadership experience.
• Strong background in annuities, with a deep understanding of multiple facets of the annuity business, including administration, product development, pricing, modelling, and valuation.
• Proficient in Systems Development Methodologies (SDLC) with awareness of Agile/Iterative approaches.
• Skilled with MS Office Suite.
• SOX control creation or execution experience is a strong plus.
• Experience utilising resource and defect tools to manage project resource demand and quality measurements.
• Ability to clearly communicate at both executive and individual contributor levels.
• Strong sense of teamwork and ability to both manage and execute programmes.

Embedded within the actuarial modelling team, the Actuarial Manager produces IFRS 17 Prophet model design and data logic requirements while communicating implementation needs across Data, Systems, and modelling teams. Working closely with future operation teams and business stakeholders, this role advances the IFRS 17 implementation by building and performing UAT testing, refining requirements, and preparing transition documentation.

Technical Responsibilities

• Responsible for IFRS 17 Prophet model design and modelling.
• Responsible for developing data and logic requirements for IFRS 17 implementation.
• Communicate with Data and Systems teams and modelling teams on implementation requirements.
• Analyse additional requirements for IFRS 17 implementation and refine requirements correspondingly.
• Build and perform UAT testing and analysis on report results.
• Prepare documentation for transition and training to future operation teams.
• Support the implementation of IFRS 17 solutions.

Qualifications & Experience

• Bachelor's degree in Actuarial Science or equivalent; actuarially trained.
• At least 5 years of actuarial experience, preferably in valuation, reporting, Asset Liability Management, and/or corporate actuarial.
• Good knowledge of Singapore valuation and RBC rules preferred.
• Knowledge of the Prophet preferred.
• Analytical and a good problem solver.
• Proactive and independent, but able to work effectively as part of a team.
• Strong interpersonal and communication skills with the ability to explain complex ideas.
• Demonstrated commitment and responsibility as a team member.

Reporting to actuarial leadership, the Actuarial Manager executes actuarial valuations, benefit calculations covering transfer values, pension benefits, employee benefits, and retirement costs, and prepares reports and letters to deliver accurate data and end-to-end support to stakeholders. Success in the position means maintaining 100% productivity through precise actuarial outputs that meet regulatory and operational requirements for pension benefit schemes, including DC and DB arrangements.

Primary Duties

• Provide high-quality deliverables and maintain data knowledge of actuarial procedures.
• Carry out actuarial valuations and calculations and prepare reports and letters accordingly.
• Carry out specific benefit calculations, including transfer values, pension benefits, employee benefits and retirement costs.
• Provide accurate data and inputs to stakeholders.
• Ensure 100% productivity by providing end-to-end support and interaction with stakeholders.

Skills & Qualifications

• Minimum 2 years of experience in actuarial operations in pension benefits.
• Must have cleared at least 5 core technical actuarial exams.
• Strong knowledge of employee benefits, pension benefits, DC and DB schemes.
• Expertise in actuarial valuations and calculations.
• Experience in preparing reports and letters relating to actuarial advice.

Actuarial Manager IFRS17 develops data systems and processes for IFRS 17 implementation, assessing data and assumption readiness for transition, and providing user requirements for Prophet, reinsurance systems, and sub-ledger to IT within a life insurance reporting environment. The work directly supports the smooth delivery of IFRS 17 technical papers aligned with AXA Group Methodology by performing system UAT, ensuring adequate documentation, and maintaining alignment with IFRS, USGAAP, and Australian IFRS standards.

Delivery Expectations

• Support and ensure the IFRS 17 work stream runs smoothly and delivers results as per the agreed timeline.
• Support the production of IFRS 17 technical papers and ensure alignment with AXA Group Methodology and local adoption.
• Develop data, systems, and processes for IFRS 17, including assessing data and assumption readiness for transition.
• Provide user requirements for various data and systems, such as Prophet, reinsurance systems, and sub-ledger to IT.
• Perform data and system UAT.
• Ensure that procedures and processes are adequately documented.

Requirements

• At least 5 years of life insurance working experience, preferably in actuarial valuations or financial reporting.
• Excellent knowledge of financial reporting standards, including IFRS, USGAAP, and/or Australian IFRS.
• Good knowledge of Excel and Prophet or similar packages.
• Proficiency in DCS, Python, or R.
• Good command of English.

Embedded within a specialist actuarial consulting practice, the Actuarial Manager manages technical lead responsibilities for pricing and reinsurance engagements across multiple life insurance business lines, including Solvency II Technical Provisions, SCR, IFRS 17, and capital modelling. Working closely with junior team members and senior client contacts, this role strengthens the firm's market proposition by developing superior proposals, ensuring adherence to actuarial professional standards, and fostering internal collaboration and cross-selling opportunities.

Ownership Areas

• Act as technical lead for pricing and reinsurance-related engagements, providing expertise and specialist knowledge.
• Assist in the successful delivery of a wide variety of engagements, including the development of client relationships to enhance reputation and brand.
• Contribute to the development of the company's market proposition through skills and knowledge developed and enhanced in the role.
• Ensure opportunities are well understood by the firm and contribute to the creation of superior proposals demonstrating understanding of the market, client needs and the firm's offering.
• Provide on-going training and support to the team, particularly from a technical perspective, including planning, managing and allocating work to junior members.
• Network internally to identify potential collaboration and cross-selling opportunities.
• Ensure adherence to firm policies and standards as well as relevant actuarial technical and professional standards, including risk management, and escalating key risk issues appropriately.

Qualifications & Experience

• Nearly/newly qualified actuary with at least 5 years of experience in the life insurance industry; consultancy experience, including managing projects and client relationships.
• Extensive pricing and reinsurance experience across multiple business lines.
• Understanding of Solvency II rules, particularly Technical Provisions and SCR.
• IFRS 17 and Internal Model, and capital modelling experience.
• Knowledge of actuarial software such as Prophet; expert-level knowledge of MS Excel, Access, and Word; knowledge of R and/or Python and version control software; experience using MS PowerPoint.
• Strong problem-solving, decision-making, planning, and organisational skills.
• Flexible, proactive, and collaborative attitude; acts professionally, ethically, and with integrity.
• Excellent verbal and written communication skills.
• Awareness of current insurance topics and interest in developing data analytics skills.
• People management experience; awareness of current topics in insurance and challenges facing the insurance industry.

The Actuarial Manager runs new product initiatives and product enhancement projects for life insurance distribution channels, overseeing launch schedules, collaborating with business partners on design and systems testing, and ensuring alignment with business direction across multiple geographies. The work directly supports management decision-making by providing market intelligence, competitive analyses, sales campaign insights, and product training materials that engage distribution channels and meet challenging business goals.

Key Responsibilities

• Lead the development and implementation of new product initiatives and product enhancement projects, overseeing their launch schedules and ensuring alignment with business direction.
• Collaborate with business partners and internal functions in product planning, design and development, including testing of systems, to ensure product initiatives are delivered effectively and efficiently.
• Review and initiate marketing materials, assisting in the development of product marketing materials using distribution channel feedback and inputs.
• Provide product training and ensure distribution channels are engaged with compelling product reference materials and training tools.
• Manage and communicate with key stakeholders, including distribution and management, on all key issues related to business lines.
• Support on-going projects such as sales campaign support, market trends, competitive analyses and provide management insights.
• Proactively monitor market development and conduct insurance market studies.

Education & Experience

• Bachelor's degree in actuarial science, mathematics, or statistics.
• Associateship designation in an actuarial society (SOA or ASP).
• 6+ years of experience in the life insurance industry.
• Deep understanding of insurance products and actuarial assumptions used to price products and value capital and future liability.
• Strong knowledge of insurance product pricing, reserving, and/or EV.
• Proficiency in MS Excel with good Macro programming knowledge; Prophet modelling skills are a plus.
• Strong leadership skills to build, engage, and inspire a team to meet challenging business goals.
• Strong communication and client service orientation to work across multiple geographies and manage various stakeholders; effective collaborator and influencer with the ability to build constructive relationships across large organisations.

Sitting at the intersection of product innovation and actuarial expertise, the Actuarial Manager manages the full product development lifecycle for life insurance offerings across sales channels, from customer-focused design and reinsurer negotiation through to system setup, policy illustrations, and user acceptance testing. Operating across internal and external stakeholder networks in the Singapore market under RBC2 regulations, this role advances the company's strategy by analysing market trends, competitor strategies, and regulatory requirements to facilitate timely product propositions.

Core Functions

• Actively participate in product design and development of innovative, customer-focused products to meet the company's overall strategy and different sales channels.
• Liaise with internal and external parties and stakeholders for the implementation and launch of new products and the enhancement of existing products for sales channels and product regulations.
• Analyse insurance product market trends, competitor strategies and other necessary information to facilitate product proposition.
• Prepare product development-related materials for product launches on a timely basis.
• Manage reinsurer selection, negotiation, treaty review and reinsurance reporting and arrangements for new products.
• Manage product implementation tasks, including policy illustration documents, system setup specifications, web aggregator-related tasks and user acceptance testing.
• Assist in ad-hoc projects and other duties as required.

Qualifications & Experience

• Degree in Actuarial Science or closely related subjects.
• Actuarial working experience in life pricing, valuation, or projects; the number of years determines job title and rank.
• Familiar with Singapore RBC2 regulations and market movement; familiar with actuarial pricing, reserving, and/or EV.
• Prophet modelling skills are a plus; proficient in MS Excel with good knowledge of Macro programming.
• Good communication and project management skills.
• Ability to read and write Chinese an advantage.

The Actuarial Manager crafts and maintains risk-based pricing tools and actuarial support for underwriting teams across multiple product lines and global territories, developing controls, documentation, and innovative methodologies that guide profitable growth. The work directly supports underwriting executives and modelling teams by communicating complex actuarial analyses to both technical and non-technical audiences and providing training on RBP tools and actuarial techniques.

Strategic Responsibilities

• Develop and maintain risk-based pricing tools, design and implement enhancements to the underlying RBP methodology, and develop new tool functionality, monitoring results and communicating findings to management.
• Work with IT partners to build, test and implement innovative pricing tools for the underwriting organisation.
• Act as a trusted advisor to underwriting teams by providing actuarial support related to pricing decisions and enhance underwriting capabilities by providing training on RBP tools.
• Advise and collaborate with modelling teams, underwriters, executives and other stakeholders to define business needs across multiple product lines and global territories to guide profitable growth.
• Provide pricing and actuarial expertise for ad hoc analytical projects and clear communication of technical actuarial work to both technical and non-technical audiences.
• Develop and implement controls and documentation of assumptions, methods and processes related to analytics and complex actuarial modelling, and streamline current recurring processes.
• May manage individuals from the Actuarial Development Programme and Business Analysts.

Position Requirements

• FCAS or near-FCAS designation preferred.
• 5-10 years of progressively responsible experience; supervisory experience preferred.
• Sound knowledge of actuarial techniques and standards as well as business operations, including financial, underwriting, legal, statistics, and claims.
• Knowledge should include data, methodologies, systems, and platforms.
• Ability to think cross-functionally, undertake innovative analyses based on cutting-edge research and technologies, synthesise theoretical concepts, and apply them to specific business problems.
• Demonstrated decision-making, problem-solving, and analytical skills.
• Proven ability to convey complex information clearly and concisely, both verbally and in writing.
• Ability to give effective training and presentations to internal stakeholders, foster teamwork across organisational lines, and demonstrate strong cultural awareness.