HEAD OF ACTUARIAL (NON-LIFE)

Role Purpose

The Head of Actuarial serves as the senior actuarial leader and the single authoritative source of analytical truth for the organization. This role holds full executive accountability for the Non-Life actuarial function—spanning technical pricing, claims reserving, portfolio steering, and business intelligence. As a trusted strategic partner to the Executive Committee (ExCo), the Head of Actuarial drives disciplined underwriting decisions, sustainable profitable growth, and sound capital management while fulfilling statutory obligations under Thai OIC regulations.

Key Responsibilities

• Actuarial Leadership & Governance: Lead, coach, and elevate a high-performing team of actuarial analysts, pricing actuaries, and data professionals. Establish the function as a center of analytical excellence across the organization.
• Technical Pricing Sophistication: Design and develop risk-based pricing models across all Non-Life lines, with a primary focus on the Motor portfolio (VMI & CMI). Transition the business toward sophisticated, data-enriched pricing frameworks (GLM, Machine Learning).
• Reserving & Financial Integrity: Own and certify all actuarial reserve estimates (IBNR, outstanding claims, ULAE). Ensure strict compliance with Thai GAAP, OIC statutory requirements, and international standards.
• Portfolio Steering & Commercial Insight: Actively chair the portfolio performance review agenda. Provide evidence-based recommendations on segment profitability, rate adequacy, and underwriting appetite directly to ExCo and the Board.
• Data Governance & Advanced Analytics: Act as the chief custodian of the company's insurance performance data. Drive automation, modernization of reporting infrastructure, and embed advanced analytics workflows into core operations.
• Regulatory & Stakeholder Management: Fulfill all statutory duties of the Appointed Actuary. Maintain a constructive, high-credibility relationship with the Office of Insurance Commission (OIC), reinsurers, external auditors, and brokers.

Qualifications & Experience

• Education: Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, or a highly quantitative discipline.
• Professional Certification: Fellow of a recognized actuarial body (FIA, FIAA, FCAS, FSAT, or equivalent) is required. Full eligibility to register as an OIC Appointed Actuary is mandatory.
• Experience Background: Minimum 12–15 years of progressive actuarial experience in Non-Life / General Insurance, demonstrating a well-rounded background across both technical pricing and reserving functions.
• Leadership Track Record: Proven success in a leadership or managerial capacity, with a track record of building, coaching, and managing technical actuarial teams.