Description

The main responsibilities of the Corporate Actuarial Manager in the Strategic Planning team include:
 

Preparation of Budget and Forecasts

The responsibility is to provide an estimate of future expected loss ratios for a five year time horizon using appropriate assumptions and methods. The expected loss ratio is the main component of the Budget/Forecasts and requires a very good understanding of the business, including future changes in terms of product offer and product changes.Expected claims costs have to be projected and if not done properly, profit or growth objectives will significantly be impacted.The projection includes an estimate a future reserve variations which are used to project investment returns, a projection of future fiscal year claims expenses and is used as the main input to the FCT process.
 

Reporting

The responsibility relates to building meaningful reports on actual vs plan...