Posted on :
22 Jun, 2021
22 Jun, 2021
The above-mentioned position is within the Actuarial Department. Being a mutual insurer brings with it additional and exciting actuarial issues that is not standard at a typical shareholder-owned insurer. Our actuarial department (Actuarial Services) is expanding and we are looking for talented, driven and experienced actuarial resources to join our Product and Valuations Departments. The two departments work closely together and so being a part of our teams offers the opportunity to gain exposure to a wide variety of actuarial work in a life insurance environment.
Job Title: ACTUARIAL ANALYST (SAM)
Location: Pretoria, Gauteng, South Africa
Reference #: 441AA05
Contract Type: Permanent
Salary: Market Related
Acquiring adequate product and systems knowledge.
Maintenance, setup and running of Prophet valuation models.
Consolidation of valuation results and report writing.
SCR and economic capital calculations.
Responding to auditor queries.
Completion of relevant sections of quarterly and annual statutory returns to the Regulator.
Mortality and withdrawal experience investigations.
Maintaining awareness of the regulatory landscape and related professional guidance.
Involvement with ad hoc projects and special investigations from time to time.
Involvement with IFRS 17 development and roll-out.
QUALIFICATION REQUIREMENTS FOR THIS POSITION:
Appropriate tertiary qualification in Actuarial Science.
Completion of parts A1 – A3 of the 2020 ASSA curriculum (all CTs and CA1) is preferred.
EXPERIENCE AND KNOWLEDGE REQUIRED FOR THE POSITION:
Preferably 6 years but at least 4 years life insurance valuations experience.
Knowledge of regulatory landscape (FSIs, GOIs) and professional guidance.
Extensive experience with Prophet and DCS.
VBA and SQL experience will be an advantage.
COMPETENCIES REQUIRED FOR THE POSITION:
Self-starter with the ability to work independently.
Goal-orientated with an ability to perform work efficiently.
Deadline-driven and the ability to work under pressure.
Strong analytical and problem solving skills.
Ability to work on wider team projects as well as taking ownership of individual projects.
Managing relationships with internal and external parties.
Application Deadline: 29/06/2021