Head Valuations | Scrabble & Jigsaw
Posted on May 26, 2023
Job Description
<p>We are seeking an experienced and highly skilled Head of Valuations with expertise in actuarial science to join our team. As the Head of Valuations, you will be responsible for overseeing the valuation process and ensuring accurate and timely valuation of our company's assets, liabilities, and financial instruments. You will play a crucial role in supporting strategic decision-making, regulatory compliance, and financial reporting.</p>
<p>Responsibilities:</p>
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<p>Lead Valuations Team: Manage and lead a team of actuaries and valuation professionals, providing guidance, mentoring, and support to ensure the team's effectiveness and professional development.</p>
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<p>Valuation Process Oversight: Develop and implement valuation methodologies, processes, and controls to ensure accuracy, consistency, and compliance with relevant accounting standards, regulatory requirements, and internal policies.</p>
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<p>Asset and Liability Valuation: Oversee the valuation of financial assets and liabilities, including insurance policies, investments, derivatives, and other financial instruments, ensuring accurate estimation of fair values and appropriate recognition of gains or losses.</p>
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<p>Financial Reporting: Collaborate with the finance and accounting teams to prepare timely and accurate financial statements, ensuring compliance with regulatory reporting requirements (e.g., IFRS, US GAAP) and internal guidelines.</p>
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<p>Risk Management: Collaborate with risk management teams to assess and manage valuation risks, including sensitivity analysis, stress testing, and scenario analysis, to evaluate potential impacts on financial results.</p>
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<p>Regulatory Compliance: Stay abreast of evolving regulatory frameworks, accounting standards, and industry best practices related to valuations. Ensure compliance with relevant regulations, provide guidance on new standards, and coordinate with internal and external auditors.</p>
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<p>Stakeholder Management: Interact and build strong relationships with internal and external stakeholders, such as senior management, regulators, auditors, and external consultants, to provide expert advice and support regarding valuations.</p>
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<p>Process Improvement: Continuously review and enhance valuation processes, systems, and tools to drive efficiency, accuracy, and automation, while maintaining appropriate controls and documentation.</p>
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<p>Industry Knowledge: Stay informed about industry trends, market developments, and emerging valuation techniques, and provide insights on their potential impact on the company's valuations.</p>
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<p>Qualifications:</p>
<ul>
<li>Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field. Advanced degree (e.g., Master's, PhD) preferred.</li>
<li>Fellowship or Associate level qualification from a recognized actuarial body (e.g., SOA, CAS, IFoA).</li>
<li>Proven experience (8+ years) in actuarial valuations, financial reporting, or related fields within the insurance, reinsurance, or financial services industry.</li>
<li>Strong knowledge of valuation methodologies, financial instruments, and accounting principles (e.g., IFRS, US GAAP).</li>
<li>Demonstrated leadership experience, including managing teams and driving successful outcomes.</li>
<li>Proficiency in actuarial software and valuation tools (e.g., Prophet, AXIS, MoSes) and advanced Excel skills.</li>
<li>Excellent analytical and problem-solving skills, with the ability to interpret complex financial data and make sound judgments.</li>
<li>Strong understanding of risk management concepts and regulatory compliance requirements.</li>
<li>Effective communication and interpersonal skills to collaborate with stakeholders at all levels.</li>
<li>Attention to detail, ability to work under pressure, and meet tight deadlines.</li>
</ul>
<p>If you are a highly skilled actuary with strong leadership abilities and a passion for valuations, we invite you to join our team as the Head of Valuations. Apply now and contribute to our company's success by ensuring accurate and reliable valuations of our financial assets and liabilities.</p>