Job Purpose
The Capital Management department is responsible for managing the company's balance sheet and solvency position through optimized investment strategy and governance, strategic capital allocation, reinsurance oversight and in-force management. This role acts as the primary bridge between Actuarial, Investment, and Finance teams in Techcom Life and TCB, ensuring that unit-linked products and general account assets are managed to maximize solvency and shareholder value.
Key Accountabilities
1.Capital & Solvency Management
- Monitor and manage the company's Solvency Ratio (e.g., ICS, RBC, or local equivalent).
- Develop and execute capital injection strategies to maintain all solvency requirements.
- Perform stress testing and sensitivity analysis to assess the impact of market movements on capital requirements.
- Participating in industry RBC working groups and influence regulations to provide the strongest benefit to the company.
2. Universal-Life Product Investment and Governance
- Serve as the primary coordinator for all Universal-Life (UL) investment decisions, including ensuring funds are invested in a timely manner that optimizes the balance between risk and return
- Manage the process for the UL crediting rate decision, including preparing documentation, getting approvals and ensuring system updates are completed on time.
- Oversee the asset selection process and portfolio duration. Monitoring and complete performance reviews of the underlying assets for the UL portfolio.
- Ensure the matching of assets and liabilities to minimize ALM risks.
3. Strategic Asset Allocation (SAA) and Fund Management
- Define and review the Strategic Asset Allocation for both the General Account and Unit-Linked funds.
- Collaborate with the TCB Investment team to ensure portfolios are optimized for risk-adjusted returns while remaining within regulatory limits.
- When Index-Linked product is launched, lead the fund manager selection process and on-going monitoring and performance bench-marking
4. Reinsurance Strategy
- Manage the company's reinsurance treaty portfolio. Ensure bordereaux is completed on time and is accurate and that payment are made in a timely manner
- Evaluate the cost-benefit of different reinsurance structures (e.g., Quota Share, Excess of Loss) to optimize capital relief and risk transfer.
5. In-force Management
- Ensure the integrity of the balance sheet by monitoring persistency, claims and expense variances. Propose actions for any deviations from plan.
- Optimize the free surplus generation of the in-force block.
6. Stakeholder Leadership
Present capital and investment updates to the ALCO, Investment Committee and Risk Committee. Act as the technical subject matter expert for regulatory filings related to capital and investments.
7.People Management
- Help to attract, onboard and retain the right talents for a high- performing Finance team o
- Continuously improve Finance employee engagement
- Act as a role model and promote corporate culture at function/ sub- function level
Qualifications and Work Experience
- Experience: 6+ years in Actuarial or Finance Operations, with at least 3 years in a senior role within the Life Insurance sector.
- Education: University Degree. Actuarial Science, Finance, or Investments is preferred but not essential. Progress in Actuarial are a plus, but deep technical/operational expertise is the priority.
- Understanding of Life Insurance Financial KPIs, local and international reporting standards. In particular an understanding of local statutory regulations is required.
- Fluent in English, with mastery of financial terminology in listening, speaking, reading, and writing. Excellent communication skills, strategic thinking, and analytical capabilities
- Strong ability to collaborate across departments and perform effectively under pressure
