Job Description
Head of Insurance Risk & Analytics
Industry: Financial Services
Location: Colombo
Responsibilities
- Lead the technical pricing, reserving, and risk analysis functions across insurance products.
- Oversee financial forecasting and ensure compliance with regulatory valuation and solvency requirements.
- Guide product development strategy, ensuring alignment with market trends and internal profitability targets.
- Support the implementation and compliance of IFRS 17 reporting standards.
- Conduct experience studies (e.g., claims, persistency, expenses) and recommend strategic assumptions.
- Provide input into reinsurance optimization, capital planning, and business risk models.
- Communicate complex risk and financial insights to executive leadership and the board.
- Liaise with external auditors, regulators, and internal stakeholders to ensure accuracy in reporting.
Requirements
- Bachelors degree in Actuarial Science, Mathematics, Statistics, or Finance.
- Masters degree is an added advantage.
- Fellowship from a recognized actuarial body (e.g., IFoA, SOA, IAI) and eligibility to sign-off under IRCSL regulations.
- Minimum 10 years of relevant experience in pricing, reserving, and risk analysis.
- Strong knowledge of RBC, IFRS 17, and local regulatory requirements.
- Proficient in Prophet and data tools like Excel, R, or Python.
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Contact: 074 170 3959 | 070 320 5794
Email: jobs@smartquestconsult.com
Website: www.smartquestconsult.com