Reserving Manager

The Head of Valuation and Reporting role retains responsibility for the statutory and regulatory reporting of Gen Re. An important aspect of the role is the management of the Gen Re South Africa valuation team and their delivery. The role also involves collaborating closely with other Gen Re teams in fulfilling the necessary duties as well as with international colleagues. Effective stakeholder engagement across multiple levels within Gen Re and with members of the Board of Directors and the regulator is also an important aspect of the role. Valuations and Reserving: Determine actuarial reserves for various reporting purposes Collaborate with finance and risk management teams to ensure accurate reporting for statutory, regulatory and tax purposes Review and enhance actuarial models used for valuation purposes Conduct annual assumption updates. Capital Adequacy: Perform capital adequacy calculations and provide opinion on the solvency position of the company Prepare reports and documentation for regulatory submissions Provide input into the ORSA process Provide input and opinion on annual dividend declarations Risk Assessment and Strategy: Assess risk exposure related to insurance products and retrocession arrangements Develop and recommend retrocession strategies to optimise risk transfer and capital management Analyse reinsurance treaties, pricing, and terms to enhance profitability Strategic Decision-Making: Provide insights to senior management on actuarial matters, including profitability, financial projections and risk mitigation Collaborate with business development team and client managers to ensure client results are understood Stay informed about industry trends and changes in regulations affecting insurance business. Stakeholder engagement: Provide required input and feedback across Gen Re South Africa executive team as well as wider Gen Re regional and global executive teams. Providing assurance to the Gen Re South Africa board of directors with regards to the actuarial reserves and capital adequacy. Involvement and feedback in interactions with regulators.