Overview
The Senior Actuary will be responsible for planning and directing the unit's work programme on statistical analysis and methodological work, providing technical and managerial supervision. The role involves initiating, planning, and directing the preparation of Fund-wide data reports and managing communications related to the Fund's solvency and actuarial issues.
Key Responsibilities
- Plans and directs the unit's work programme on statistical analysis and methodological work, providing both technical and managerial supervision of all activities.
- Initiates, plans and directs preparation of Fund-wide data reports, publications, and other communications; manages all communications related to Fund's solvency and other actuarial issues.
- Plans and directs technical advisory activities and supports the Chief Executive of Pension Administration and the Chief of Section in managing the solvency risk of the Fund; represents the Pension Administration in asset liability management (ALM) studies and otherwise liaises with the Office of Investment Management as needed.
- Supervises and undertakes the development of new or improved statistical methods and quantitative models for analyses and projects.
- Prepares progress reports and other technical documentation regarding the work programme for presentation to the Pension Board, Fund's Solvency and Assets and Liabilities Committee (FSALM Committee) and the Committee of Actuaries.
- Represents the organization at international and regional meetings and inter-agency activities; acts as the Secretary to the Committee of Actuaries and manages the Fund's relationship with the Consulting Actuary.
- Advises senior management on data trends and developments, advises on effects of potential changes, and recommends appropriate courses of action.
- Plans, organizes and manages staff; plans and discusses individual work programmes with staff and evaluates their performance.
- Leads team members efforts to collect and analyze data and provides insight to identify trends or patterns for data-driven planning, decision-making, presentation and reporting. Ensures that everyone can discover, access, integrate and share the data they need.
- Performs other related duties, as assigned.
Required Experience
A minimum of ten (10) years of progressively responsible experience level in the collection, compilation, analysis and dissemination of statistical data is required. Experience in the pension actuarial consulting field or managing external actuarial consultants/ pension scheme actuaries is required. At least seven (7) years of experience of management and leadership, including statistical/trend analysis and strategy development is required. Experience in embedding statistical perspective into organization's decision-making, as well as designing and delivering innovative communications on data analysis is required. Experience providing advice to senior leadership, including in supporting business process improvements, is desirable. Experience in public sector and/ or multi-employer pension plans is desirable. Experience in data analytics or related area is desirable.
Qualifications
Advanced university degree (Master's degree or equivalent) in actuarial science, statistics, mathematics, economics, sociology or related field. A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree. A professional actuarial qualification (such as Fellow of the Society of Actuaries, Fellow of the Institute and Faculty of Actuaries, or equivalent) is required.
