Richard Bradfield
Executive: Balance Sheet Management (Non-Life) at Guardrisk- Claim this Profile
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English Native or bilingual proficiency
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Afrikaans Native or bilingual proficiency
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German Elementary proficiency
Topline Score
Bio
Credentials
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Chartered Enterprise Risk Actuary (CERA)
CERA Global AssociationFeb, 2021- Nov, 2024 -
Fellow of the Institute and Faculty of Actuaries (FIA)
Institute and Faculty of ActuariesDec, 2020- Nov, 2024 -
Chartered Financial Analyst (CFA)
CFA InstituteMar, 2016- Nov, 2024 -
CA
SAICA CA(SA)Jan, 2009- Nov, 2024
Experience
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Guardrisk
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South Africa
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Financial Services
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200 - 300 Employee
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Executive: Balance Sheet Management (Non-Life)
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Mar 2021 - Present
Largest Cell Captive Insurer in South Africa. Responsible for the Balance Sheet Management function of Guardrisk Insurance and Guardrisk Microinsurance. This include amongst others - Oversight of the solvency of all cells underwritten by Guardrisk Insurance and Guardrisk Microinsurance - Regular engagement with cell owners to understand changes in their business and trading environment and to determine how best they can be supported from a Guardrisk perspective. Largest Cell Captive Insurer in South Africa. Responsible for the Balance Sheet Management function of Guardrisk Insurance and Guardrisk Microinsurance. This include amongst others - Oversight of the solvency of all cells underwritten by Guardrisk Insurance and Guardrisk Microinsurance - Regular engagement with cell owners to understand changes in their business and trading environment and to determine how best they can be supported from a Guardrisk perspective.
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Abacus Insurance
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United Kingdom
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Insurance
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1 - 100 Employee
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Commercial Executive
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Nov 2016 - Nov 2020
Captive insurer within the Pepkor group underwriting credit life, funeral and product/goods policies. Responsible for product development, pricing, reserving and capital management. Managed the actuarial and finance departments. Built relationships with business partners and regulators. Designed tax efficient commercial structures for new product and partners. Notable achievements: • Corrected new business sales mix, which were in decline, improving monthly premium income by R1.5 million per month (7% increase in Gross Written Premium in 8 months) • Improved data quality which resulted in 50% decrease in technical provisions • Increased the non-credit customer base from 0 to 65 000 policies in 3 -and-a-half years • Built and implemented a SCR model to monitor capital and risk appetite requirements • Designed and implemented several funeral, credit and product/goods insurance policies. • Enhanced annual ORSA process and improved risk culture • Implemented a data-warehouse to enhance reporting and in preparation of IFRS 17 Show less
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Sasria SOC Limited
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United States
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Insurance
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100 - 200 Employee
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Senior Risk Manager
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Nov 2014 - Oct 2016
State owned insurer covering, terrorism, labour disturbances and civil unrest. Conducted risk maturity assessments. Defined key risks and key risk indicators. Managed divisional risk champions. Translated risk appetite in to tolerances and limits. Oversee the preparation of the annual ORSA. Reviewed reinsurance strategies and advised on optimal structures. Monitored ECR (Economic Capital Requirements), SCR, market and credit risk.Notable achievements:• Successfully lobbied the FSB to include a separate terrorism line-of-business in the final prudential regulations which is currently used in industry.• Implemented a combined assurance framework Show less
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Investment and Statutory Reporting Manager
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Mar 2012 - Oct 2014
Managed the finance department, month end processes and year-end audit. Maintained relationships with external investment manager and conducted annual and due diligence reviews. Determined investment benchmarks and tracked actual performance against this.Notable achievements:• Prepared Sasria’s 1st and 2nd integrated reports• Managed a R6 billion investment portfolio. Investment returns consistently exceeded internal benchmark of CPI +2% • Renegotiated fees with investment managers saving Sasria R10 million in management fees in 2012, reducing management fee expenses by 20%• Initiated training for external audit partners and firms on Sasria audit regulation. The year-end audit was reduced by a month as a result• Revised and implemented a new a strategic asset allocation based on risk appetite. Managed the transition of assets from the old strategic asset allocation to the new one Show less
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LegalWise
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South Africa
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Law Practice
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300 - 400 Employee
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Group Management Accountant
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Jan 2009 - Feb 2012
Specialist insurer underwriting legal expense insurance. Notably brands include LegalWise and Scorpion Legal Protection. Responsible for monthly management reporting, group consolidation, annual financial statements and tax compliance. Provided new business support for new product and channels. Notable achievements: • Project Manager for Botswana expansion • Established accounting function for Australian subsidiary • Initiated upsell campaign which increased group profit by 5% in 2011 • Managed the corporate restructure of the group whereby site companies were converted to subsidiary companies of the insurer • Implemented SARS compliant transfer pricing policy for Botswana and Australian subsidiaries Show less
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Deloitte
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Business Consulting and Services
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700 & Above Employee
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Article Clerk
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Jan 2006 - Dec 2008
External auditor and audit supervisor at several listed and unlisted clients. Maintained top quartile performance rating as audit supervisor. External auditor and audit supervisor at several listed and unlisted clients. Maintained top quartile performance rating as audit supervisor.
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Education
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2022 - 2023
University of the Witwatersrand
Master's degree, Taxation -
2020 - 2020
The University of Texas at Austin
Post graduate program in Machine Learning and Artificial Intelligence -
2019 - 2019
The University of Texas at Austin
Post graduate program in Data Science and Business Analytics -
2005 - 2005
University of Johannesburg
B.com (Hons), Accounting -
2002 - 2004
University of Johannesburg
B.com (Hons), Accounting
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