Position : Head of Actuarial Services
Organization : Commercial Bank of Zimbabwe
Location : Harare
Deadline : 10 July 2025
About the job
An exciting and challenging career opportunity has arisen within CBZ LIFE for the position of Head of Actuarial Services. If you are willing to lead our
Actuarial Services Team and provide strategic guidance, this is a career opening for you.
The role - what we expect from you:
• Contribute to the Company's business planning and financial forecasting processes.
• Provide strategic insights to the Executive team on regulatory reporting, financial planning, and risk management.
• Ensure compliance with regulatory requirements, including the preparation and submission of annual reports and other regulatory filings.
• Develop and implement strategies to mitigate risks and protect the Company from potential financial losses.
• Evaluate and identify risks associated with life insurance products.
• Conduct peer reviews and independent evaluations of actuarial work to ensure accuracy and compliance.
• Consistently seek ways to improve actuarial processes and efficiency.
• Effectively communicate complex actuarial concepts to non-technical stakeholders, including senior management and board members.
• Prepare detailed actuarial reports and presentations for internal and external stakeholders.
• Oversee the design and development of new life insurance products to meet market needs and company objectives.
• Lead the accuracy and integrity of actuarial data used in pricing, reserving, and risk management.
• Implement and maintain data management systems to support actuarial functions.
• Lead and supervise a team of Actuarial Analysts, providing guidance, support, and mentorship.
• Set performance goals, conduct evaluations, and ensure the team meets its objectives.
• Develop and implement training programs to enhance the actuarial skills and knowledge of the team.
• Foster a culture of knowledge sharing within the team to leverage collective expertise and insights.
• Take on any other duties, tasks, assignments, and projects delegated from time to time.
Qualifications, Skills and experience required
• Undergraduate degree in Actuarial Science, Mathematics, Statistics, or related fields.
• A Post Graduate Degree in Actuarial Science, Mathematics, Statistics, or a related field is an added advantage.
• Associateship with any recognised Actuarial society.
• 5-10 years' work experience in actuarial roles, including positions of increasing responsibility.
• Experience in producing actuarial opinions and reports, particularly within the life insurance sector.
• Expertise in developing and refining actuarial models to assess risks, predict future liabilities, and determine pricing strategies.
• Strong mathematical skills, including calculus, probability, and linear algebra, essential for actuarial modeling and risk assessment.
• Proficiency in software and tools like Prophet, Moses, or AXIS for actuarial modelling.
• Proficiency in statistical software and programming languages such as R, Python, or SAS.
• In-depth understanding of regulatory requirements related to actuarial practices and life insurance, including Solvency II, IFRS 17, and other local regulations.
• Ability to analyze complex problems, evaluate various solutions, and make sound decisions based on logical reasoning and evidence.
• Strong verbal and written communication skills for effectively conveying benefits information to employees and stakeholders.
• Flexibility to adjust to changes in regulations, benefits trends, and organizational needs.
• Precision in managing benefits data, ensuring accuracy and compliance.
• Ability to lead and motivate a team, fostering a collaborative and productive work environment.
HOW TO APPLY :
If you meet the above criteria, you are the ideal person we are looking for.
If you wish to be considered for this career opportunity, please upload your detailed CV and proof of qualifications not later than
Thursday 10 July,2025.
APPLY HERE
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