Head of Business Intelligence (Insurance)

Industry: Insurance / Job Expires: 2023-06-19 09:03:15 / Location: Gauteng

Purpose: 

The Head of Business Intelligence plays a key role in ensuring that The company 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 The company. 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 The company’s intelligence regarding critical and emerging underwriting risks.

Minimum Requirements:  

• Degree in (actuarial, data science, statistics, mathematics, econometrics)
• CERA qualification, or similar, will be advantageous.
• Minimum of 3 to 6 years' experience in a similar (risk or actuarial) position.

Duties and responsibilities:

Operational delivery

• Underwriting risk profile intelligence: Identify, track and report on the key risks affecting the company' underwriting risk profile.
• Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international 

Catastrophe model: 

• Develop, maintain and manage the company 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.

Probable Maximum Loss (PML) studies: 

• Develop, maintain and manage the company'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 the company's reinsurance and capital optimization strategies.

Business focused and collaboration.

• Contribute to the successful achievement of the company'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 company's long-term strategy and short-term business plan.
• Shaping the company'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.

Risk Mitigation.

• Work with stakeholders in the company's, including Underwriting, Claims and SMD, to identify “hot spots” for the company'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.

Data Collection and Management

• Work closely with IT and BCT to ensure that suitable technological and data management solutions are in place tom support the company's current and future data and analytics needs.

Location: JHB 

Duration: Permanent  

N.B: By responding to this advert, you consent to Haitha Staffing Group processing your personal information for recruitment purposes and confirm that any personal information has been submitted voluntarily. Applicants will be requested to fill in and sign a POPI Act Consent Form.

Only shortlisted candidates will be contacted. If you have not heard from us in 4 weeks, consider your application unsuccessful.

To apply please send your CV to info@heitha.co.za or lethabo@heitha.co.za