Actuarial Manager (#8028)

Position Purpose
The Actuarial & Planning Dept. Manager (P4) is responsible for the accurate and timely submission of Reserve Valuations, Reinsurance Settlements, and Solvency & Capital Needs Management. This role requires collaboration with the Head of Actuarial & CA/CRFO, as well as leadership of teams and tasks related to economic activities.

Direct Responsibilities

• Ensure the implementation of regulations and actuarial governance standards.
• Deliver timely and accurate Reserve Valuations and Solvency assessments for Local Accounting (JGAAP), Consolidated Accounting (IFRS), and Prudential Closing (S2 / “Japan ICS”).
• Monitor and report on Loss & Technical Profit Situations to the Head of Actuarial & CA/CRFO.
• Collaborate with the Head of Actuarial to maintain effective communication with the Japan Regulator, responding to regulatory requirements in a timely and accurate manner.
• Keep procedures updated in line with current regulations and governance requirements.

Contributing Responsibilities

• Guarantee and validate actuarial operations, including:
  • Credibility Discount Methodology Planning
  • Premium Renewal Process
  • JGAAP Reserve & PMS Enhancement, Claim Data
  • Reinsurance Treaty and Settlement, Data
• Actuarial Closing processes, including:
  • IFRS Closing Process and Validation / AoM
  • Lead IFRS17 implementation
  • IBNR Validation & Planning
  • Loss Ratio Validation
• Actuarial Valuation responsibilities, including:
  • Model development, procedure validation, and review
  • Assumption validation and run execution
  • Reporting and presentation
• Actuarial Underwriting Risk Valuation & Monitoring
• JGAAP Appointed Actuary related tasks
• Organize and manage teams, members, and processes.

Business Knowledge

• Strong understanding of the insurance business in Japan.
• Experience and expertise in Model & Valuation, Actuarial Closing preferred.
• Knowledge across various insurance business lines is a plus.

Technical Experience / Competencies

• Insurance business experience in Japan, with a focus on protection insurance preferred.
• Experience in Actuarial Valuation (or equivalent).
• Transversal technical and financial expertise applied to the insurance industry.
• Proficiency in MS Office, particularly Excel.
• Business communication skills in both English and Japanese (written and spoken).

Behavioral Competencies

• Strong communication skills, both oral and written.
• Accountable and results-driven.
• Positive, self-driven attitude in a complex environment.
• Inquisitive and proactive in learning about the industry.

Specific Qualifications

• Qualification from the Institute of Actuaries Japan preferred.

Skills Referential

Behavioral Skills

• Ability to collaborate and work in teams.
• Attention to detail and rigor.
• Strong results-driven mindset.
• Ability to communicate clearly and share knowledge effectively.
• Creativity and problem-solving skills.

Transversal Skills

• Ability to support and manage change.
• Strong analytical skills.
• Ability to develop others and improve their skills.
• Ability to develop and adapt processes.

Education Level

• Qualification from the Institute of Actuaries Japan is preferred.

​​​​​​- OVERTIME WORK (​時間外労働): Yes 
- AVERAGE MONTHLY OT (残業月平均): 0-20  hrs
- SOCIAL INSURANCE (加入保険): 健康保険、厚生年金、雇用保険、労災保険
- HOLIDAYS (休日): 土、日、祝日
- OTHER (その他): Hybrid work style. Flex time. 20 days paid holidays.