Actuarial Manager

About Vanguard Life Assurance Company Limited

Vanguard Life Assurance Company Limited is a leading financial services institution in Malawi, committed to delivering innovative insurance solutions while maintaining strong financial resilience and regulatory compliance.

Job Overview

The Actuarial Manager will serve as the principal actuarial authority within the organization, providing strategic, financial, and risk-based insights to support decision-making. The role focuses on actuarial valuations, product sustainability, compliance, and enterprise risk management.

The Role

• Provide actuarial leadership and strategic insights
• Oversee valuation, pricing, and financial reporting
• Ensure regulatory compliance (including IFRS 17)
• Support risk management and long-term planning

Key Responsibilities

• Provide strategic actuarial leadership to the organization
• Lead actuarial valuation processes and experience investigations
• Develop and maintain actuarial models and governance frameworks
• Translate technical actuarial outputs into strategic recommendations
• Ensure compliance with IFRS 17 and relevant regulations
• Support capital management, solvency monitoring, and stress testing
• Prepare and present actuarial and financial reports
• Liaise with auditors, regulators, reinsurers, and consultants
• Lead and develop actuarial teams
• Drive innovation and continuous improvement in actuarial systems
• Contribute to enterprise risk management initiatives

Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or related field
Progress toward a recognized actuarial qualification (e.g., IFoA, SOA, ASSA) with at least 10 exams completed