Executive Actuary - Business Development Strategic Growth (Parktown) at Rand Mutual - RMA

Description

• To provide strategic actuarial leadership in identifying, evaluating, developing and commercialising growth opportunities across RMA's insurance, healthcare, asset management and adjacent market ecosystems.
• The role is accountable for leveraging actuarial, commercial and strategic expertise to support the expansion of existing markets, identify new revenue streams, develop innovative business opportunities, assess strategic partnerships, and enhance shareholder value through sustainable growth initiatives.
• Acting as a trusted advisor to executive leadership, the Executive Actuary: Business Development & Strategic Growth combines analytical rigour with commercial acumen to drive strategic decision-making, influence enterprise growth strategies, and support RMA's long-term ambitions within both traditional and emerging markets.

WHAT WILL YOU DO?

Strategic Business Development

• Identify and evaluate strategic growth opportunities across RMA and adjacent markets.
• Develop business development strategies aligned to RMA's long-term growth objectives.
• Support diversification initiatives through market expansion and innovation.
• Monitor industry developments and emerging trends to identify future opportunities.
• Provide strategic recommendations to executive leadership regarding growth priorities.

Opportunity Identification and Assessment

• Lead commercial and actuarial assessment of new business opportunities.
• Develop and evaluate business cases for new products, partnerships and market opportunities.
• Assess commercial viability, profitability, scalability and strategic fit of opportunities.
• Conduct scenario modelling and financial forecasting to support decision-making.
• Evaluate risks and returns associated with strategic growth initiatives.

Strategic Partnerships and Ecosystem Development

• Identify and cultivate strategic partnerships that support growth objectives.
• Assess partnership opportunities from both commercial and actuarial perspectives.
• Support negotiation and structuring of strategic agreements.
• Develop ecosystem-based growth opportunities that strengthen RMA's market position.
• Collaborate with executive leaders to establish mutually beneficial partnerships.

Product and Proposition Innovation

• Support the development of innovative insurance, healthcare and financial solutions.
• Identify opportunities to enhance existing product offerings.
• Collaborate with product, actuarial and commercial teams to commercialise new propositions.
• Evaluate customer needs and market gaps to inform innovation priorities.
• Drive data-informed decision-making regarding future product investments.

Commercial Growth and Value Creation

• Support achievement of revenue growth and profitability objectives.
• Identify opportunities to improve customer value and market penetration.
• Drive initiatives that enhance shareholder value and long-term sustainability.
• Assess acquisition, joint venture and strategic investment opportunities where relevant.
• Provide actuarial insight into commercial decision-making processes.

Executive Stakeholder Engagement

• Engage with executive leadership on strategic growth opportunities.
• Present business cases and recommendations to Exco, Board Committees and senior stakeholders.
• Influence strategic decisions through evidence-based analysis and commercial insight.
• Build strong relationships across business units to facilitate collaboration.
• Represent RMA in strategic discussions with external stakeholders where appropriate.

People Leadership and Capability Development

• Lead and develop specialist teams where applicable.
• Foster a culture of innovation, curiosity and commercial thinking.
• Mentor actuarial and commercial talent in strategic growth disciplines.
• Build organisational capability in opportunity assessment and commercial analytics.
• Promote collaboration across actuarial, commercial and product teams.

Requirements

WHAT WILL YOU BRING TO THE TABLE?

• Postgraduate qualification in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field.
• Qualified Actuary
• MBA or equivalent postgraduate business qualification advantageous.
• 10–15 years' experience within actuarial, commercial, strategy or business development environments.
• Demonstrated experience in growth strategy, commercial evaluation, business case development or corporate strategy.
• Experience operating at executive or senior leadership level.
• Proven ability to influence strategic business decisions.
• Experience within insurance, financial services, healthcare or asset management environments preferred.
• Experience evaluating strategic partnerships, acquisitions or growth opportunities advantageous.