Head of Risk Insights & Actuarial
2026-02-19T10:23:06+00:00
Klapton Insurance Company Limited
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https://www.klapton.com/
FULL_TIME
Lusaka
Lusaka
10101
Zambia
Insurance
Management, Accounting & Finance, Science & Engineering, Business Operations
2026-02-28T17:00:00+00:00
8
Role Context
The Head of Risk Insights & Actuarial (RIA) will lead the actuarial, pricing, reserving, catastrophe modelling, and IFRS 17 capability within a reinsurance-focused organisation. The role requires a senior actuarial professional who can operate at both strategic and deep technical levels, while building and mentoring a high-performing actuarial team.
Core Technical Competencies
Advanced Actuarial & Data Modelling
- Strong non-life actuarial modelling capability, including pricing models, reserving models (IBNR, large loss and CAT reserving), and portfolio trend analysis.
- Ability to review, challenge, and enhance complex actuarial models developed by junior team members.
Advanced Excel & Programming
- Advanced Excel expertise, including complex actuarial models, Power Query, Power Pivot, and VBA automation.
- Strong Python capability for actuarial and data analytics, including use of Pandas, NumPy, SciPy, and related libraries.
- Experience handling large and complex underwriting, claims, and exposure datasets.
Catastrophe Modelling & Exposure Management
- Hands-on or supervisory experience with market-leading catastrophe modelling platforms, such as: Verisk (AIR), Moody’s RMS
- Strong understanding of CAT model components: exposure, hazard, vulnerability, and financial modules.
- Ability to interpret Event Loss Tables (ELTs), AEP/OEP curves, and portfolio loss metrics for business decision-making.
- Familiarity with open-source and alternative CAT tools and frameworks, including: Oasis Loss Modelling Framework (LMF), GEM OpenQuake
- Experience using CAT outputs to support underwriting strategy, portfolio optimisation, and risk appetite monitoring.
Reinsurance & Product Expertise
- Deep understanding of non-life reinsurance products, including: Quota share treaties, Surplus treaties, Excess of loss structures, Facultative reinsurance
- Experience with complex and structured reinsurance solutions, including collateralised reinsurance, parametric insurance, and insurance-linked securities (ILS).
- Strong understanding of retrocession arrangements, including their pricing, structuring, and impact on portfolio risk transfer.
Reserving & Financial Reporting (IFRS 17)
- Extensive actuarial reserving experience, including IBNR, large loss reserving, catastrophe reserving, and reserve adequacy monitoring.
- Advanced IFRS 17 knowledge and practical experience, including: Assumption setting, Premium and claims projections, Risk Adjustment methodologies, Actuarial inputs into statutory and regulatory submissions
- Ability to clearly explain and defend actuarial judgements to auditors, regulators, and executive stakeholders.
Leadership & Commercial Mindset
- Strategic mindset with the ability to integrate pricing, reserving, catastrophe modelling, and analytics into actionable business insights.
- Strong communication skills, capable of translating complex actuarial outputs into clear messages for executive and board-level audiences.
- Commercially focused, with a clear understanding of how actuarial insights support profitability, growth, and risk management.
Academic & Professional Qualifications
Essential:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a closely related quantitative discipline.
- Significant progress toward actuarial qualification with a recognised actuarial body (IFoA, SOA, ASSA or equivalent).
Strongly Preferred:
- Fellowship or near-Fellowship level (e.g. FIA, FSA, ASSA Fellow or Associate with substantial exam progression).
- Postgraduate qualification (MSc or PhD) in Actuarial Science, Statistics, Data Science, or Financial Risk Management.
Experience Profile
- Minimum of 4+ years’ experience in actuarial roles within insurance or reinsurance.
- Demonstrable experience across pricing, reserving, portfolio analytics, catastrophe risk, and IFRS 17 actuarial components.
- Proven track record of leading, mentoring, and technically reviewing the work of actuarial analysts.
- Experience engaging with senior management, underwriters, finance, risk, auditors, and regulators.
What Excellence Looks Like
The ideal candidate combines strong technical depth with strategic leadership. They are comfortable personally interrogating complex models when required, while also empowering and developing their team. They bring credibility across actuarial, underwriting, finance, and risk functions, and can operate confidently in both technical and executive forums.
* Lead the actuarial, pricing, reserving, catastrophe modelling, and IFRS 17 capability within a reinsurance-focused organisation. * Operate at both strategic and deep technical levels. * Build and mentor a high-performing actuarial team. * Review, challenge, and enhance complex actuarial models developed by junior team members. * Handle large and complex underwriting, claims, and exposure datasets. * Supervise or have hands-on experience with market-leading catastrophe modelling platforms. * Interpret Event Loss Tables (ELTs), AEP/OEP curves, and portfolio loss metrics for business decision-making. * Use CAT outputs to support underwriting strategy, portfolio optimisation, and risk appetite monitoring. * Manage extensive actuarial reserving experience, including IBNR, large loss reserving, catastrophe reserving, and reserve adequacy monitoring. * Apply advanced IFRS 17 knowledge and practical experience. * Clearly explain and defend actuarial judgements to auditors, regulators, and executive stakeholders. * Integrate pricing, reserving, catastrophe modelling, and analytics into actionable business insights. * Translate complex actuarial outputs into clear messages for executive and board-level audiences. * Support profitability, growth, and risk management through actuarial insights.
* Advanced Actuarial & Data Modelling * Non-life actuarial modelling (pricing, reserving, portfolio trend analysis) * Advanced Excel (complex models, Power Query, Power Pivot, VBA automation) * Strong Python (Pandas, NumPy, SciPy) * Catastrophe Modelling (Verisk AIR, Moody's RMS, Oasis LMF, GEM OpenQuake) * Understanding of CAT model components (exposure, hazard, vulnerability, financial) * Interpretation of CAT model outputs (ELTs, AEP/OEP curves, portfolio loss metrics) * Deep understanding of non-life reinsurance products (Quota share, Surplus, Excess of Loss, Facultative) * Experience with complex and structured reinsurance solutions (collateralised reinsurance, parametric insurance, ILS) * Understanding of retrocession arrangements * Extensive actuarial reserving experience (IBNR, large loss, catastrophe, reserve adequacy) * Advanced IFRS 17 knowledge and practical experience (assumption setting, projections, Risk Adjustment) * Strategic mindset * Strong communication skills (verbal and written) * Commercial focus * Leadership and mentoring
* Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a closely related quantitative discipline. * Significant progress toward actuarial qualification with a recognised actuarial body (IFoA, SOA, ASSA or equivalent). * Fellowship or near-Fellowship level (e.g. FIA, FSA, ASSA Fellow or Associate with substantial exam progression) - Strongly Preferred * Postgraduate qualification (MSc or PhD) in Actuarial Science, Statistics, Data Science, or Financial Risk Management - Strongly Preferred
JOB-6996e48a6ebd3
Vacancy title:
Head of Risk Insights & Actuarial
[Type: FULL_TIME, Industry: Insurance, Category: Management, Accounting & Finance, Science & Engineering, Business Operations]
Jobs at:
Klapton Insurance Company Limited
Deadline of this Job:
Saturday, February 28 2026
Duty Station:
Lusaka | Lusaka
Summary
Date Posted: Thursday, February 19 2026, Base Salary: Not Disclosed
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JOB DETAILS:
Role Context
The Head of Risk Insights & Actuarial (RIA) will lead the actuarial, pricing, reserving, catastrophe modelling, and IFRS 17 capability within a reinsurance-focused organisation. The role requires a senior actuarial professional who can operate at both strategic and deep technical levels, while building and mentoring a high-performing actuarial team.
Core Technical Competencies
Advanced Actuarial & Data Modelling
- Strong non-life actuarial modelling capability, including pricing models, reserving models (IBNR, large loss and CAT reserving), and portfolio trend analysis.
- Ability to review, challenge, and enhance complex actuarial models developed by junior team members.
Advanced Excel & Programming
- Advanced Excel expertise, including complex actuarial models, Power Query, Power Pivot, and VBA automation.
- Strong Python capability for actuarial and data analytics, including use of Pandas, NumPy, SciPy, and related libraries.
- Experience handling large and complex underwriting, claims, and exposure datasets.
Catastrophe Modelling & Exposure Management
- Hands-on or supervisory experience with market-leading catastrophe modelling platforms, such as: Verisk (AIR), Moody’s RMS
- Strong understanding of CAT model components: exposure, hazard, vulnerability, and financial modules.
- Ability to interpret Event Loss Tables (ELTs), AEP/OEP curves, and portfolio loss metrics for business decision-making.
- Familiarity with open-source and alternative CAT tools and frameworks, including: Oasis Loss Modelling Framework (LMF), GEM OpenQuake
- Experience using CAT outputs to support underwriting strategy, portfolio optimisation, and risk appetite monitoring.
Reinsurance & Product Expertise
- Deep understanding of non-life reinsurance products, including: Quota share treaties, Surplus treaties, Excess of loss structures, Facultative reinsurance
- Experience with complex and structured reinsurance solutions, including collateralised reinsurance, parametric insurance, and insurance-linked securities (ILS).
- Strong understanding of retrocession arrangements, including their pricing, structuring, and impact on portfolio risk transfer.
Reserving & Financial Reporting (IFRS 17)
- Extensive actuarial reserving experience, including IBNR, large loss reserving, catastrophe reserving, and reserve adequacy monitoring.
- Advanced IFRS 17 knowledge and practical experience, including: Assumption setting, Premium and claims projections, Risk Adjustment methodologies, Actuarial inputs into statutory and regulatory submissions
- Ability to clearly explain and defend actuarial judgements to auditors, regulators, and executive stakeholders.
Leadership & Commercial Mindset
- Strategic mindset with the ability to integrate pricing, reserving, catastrophe modelling, and analytics into actionable business insights.
- Strong communication skills, capable of translating complex actuarial outputs into clear messages for executive and board-level audiences.
- Commercially focused, with a clear understanding of how actuarial insights support profitability, growth, and risk management.
Academic & Professional Qualifications
Essential:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a closely related quantitative discipline.
- Significant progress toward actuarial qualification with a recognised actuarial body (IFoA, SOA, ASSA or equivalent).
Strongly Preferred:
- Fellowship or near-Fellowship level (e.g. FIA, FSA, ASSA Fellow or Associate with substantial exam progression).
- Postgraduate qualification (MSc or PhD) in Actuarial Science, Statistics, Data Science, or Financial Risk Management.
Experience Profile
- Minimum of 4+ years’ experience in actuarial roles within insurance or reinsurance.
- Demonstrable experience across pricing, reserving, portfolio analytics, catastrophe risk, and IFRS 17 actuarial components.
- Proven track record of leading, mentoring, and technically reviewing the work of actuarial analysts.
- Experience engaging with senior management, underwriters, finance, risk, auditors, and regulators.
What Excellence Looks Like
The ideal candidate combines strong technical depth with strategic leadership. They are comfortable personally interrogating complex models when required, while also empowering and developing their team. They bring credibility across actuarial, underwriting, finance, and risk functions, and can operate confidently in both technical and executive forums.
Work Hours: 8
Experience in Months: 12
Level of Education: bachelor degree
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