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| Closing Date | 2023/06/26 |
| Reference Number | SAS230609-2 |
| Job Title | Head of Business Intelligence |
| Job Type | Permanent |
| Division | CEO’s Office |
| Department | Chief Actuarial Officer Office |
| EE Occupational Levels | Level 7: Middle and Senior Management |
| Location – Town / City | Johannesburg |
| Location – Province | Gauteng |
| Location – Country | South Africa |
| Job Advert Summary | Purpose of the job: The Head of Business Intelligence plays a key role in ensuring that Sasria is, at all times, fully apprised of the external risks that could impact the underwriting profit and solvency of the business. The Head of Business Intelligence is responsible for all business intelligence activities within Sasria. This would include being responsible for the identification and monitoring of key underwriting risk metrics, management of the catastrophe model, management of probable maximum loss studies, and, undertaking critical research to develop Sasria’s intelligence regarding critical and emerging underwriting risks. |
Qualifications
• Suitable university graduate degree (actuarial, data science, statistics,
mathematics, econometrics)
• CERA qualification, or similar, will be advantageous
Experience
• Minimum of 3 to 6 years experience in a similar (risk or actuarial) position
Duties and responsibilities include but not limited to;
Operational delivery
• Underwriting risk profile intelligence: Identify, track and report on the key risks affecting Sasria’s underwriting risk profile.
− Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international
counterparts, etc) to perform research and analysis to identify economic, political, socio-economic, legal and
other risk metrics.
− Maintain a database of events that may/do give rise to claims under Sasria’s defined perils. This includes
working with other departments (such as underwriting and claims) as well as suitable external parties (eg
SAPS, NGO’s, social media companies) to develop intelligence to identify and profile events.
− Track and report on trends in key risk metrics through the publication of weekly/monthly dashboards, internal memo’s and reports for Executive and other managers of the business
Catastrophe model: Develop, maintain and manage Sasria’s catastrophe model.
− Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international
counterparts, etc) to perform research and analysis (and/or work with suitable industry experts such as consultants, academics, NGOs, etc) to develop suitable catastrophe model(s), which can be used for pricing,
reinsurance purchase and optimization, underwriting, strategy development, investment strategy, risk mitigation, etc.
− Determine realistic disaster scenarios (RDS) to be modelled for the purpose of determining Sasria’s likely
catastrophe exposure.
Probable Maximum Loss (PML) studies: Develop, maintain and manage Sasria’s PML studies.
− Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international
counterparts, etc) to perform PML studies for the purpose of Sasria’s reinsurance and capital optimization
strategies.
− Provide a report on the PML study use by internal (actuarial, underwriting, reinsurance, etc) and external
stakeholders (reinsurance broker, reinsurers, regulator, etc).
− Ensure appropriate documentation is kept for internal needs as well as those of external stakeholders (external auditors, actuarial control function and regulators).
Risk Mitigation
− Work with stakeholders in Sasria, including Underwriting, Claims and SMD, to identify “hot-spots” for Sasria’s underwriting risk exposure and to develop practical risk mitigation strategies to reduce the incidence of loss events and/or minimize severity from loss events.
− Examples include the identification of high-risk transit routes along the SA road network; locations within the country that consistently “flare up” following specified events (eg local government elections,university/school
registration, etc).
Risk Analytics
− Assist the broader business with reports and analytics, as may be required from time to time.
− Examples may include the development of models to validate claims against a register of potential loss events, identification of multi-claimants, fraud analytics, etc.
Data Collection and Management
– Work closely with IT and BCT to ensure that suitable technological and data management solutions are in
place tom support Sasria’s current and future data and analytics needs.
Business focused and collaboration
• Contribute to the successful achievement of Sasria’s vision, strategy and business plan, by assisting with the resolution of problems that pose a threat to the Company of not achieving its vision, strategy and business plan.
Strategic Involvement
• Contribute to the creation the Sasria’s long term strategy and short term business plan.
• Shaping Sasria’s risk culture by ‘setting the tone from the top’ not only through words but actions and reinforcing commitment.
People focus
• Managing own career by being accountable for one’s behavior, performance and development.
• Managing individual and team performance to achieve individual and organization goals and objectives.
We are committed to Employment Equity when recruiting internally and externally. It is company policy to promote from within wherever possible. Therefore, please be aware that internal candidates will be considered first before reviewing external applicants, provided that this supports achievement of our Employment Equity goals.
All the best with your applications
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