Actuarial Manager-Non Life

2 weeks ago

Johannesburg, Gauteng, South Africa The Hiring House Full time

Key Performance Areas
Internal process

  • Play a leading role in the analysis of results, liaising with auditors and preparation of internal and external reporting material.
  • Establish consistent processes and controls across the business, to ensure accurate reporting and risk management.
  • Develop and maintain reserving and capital models.
  • Manage the vetting of accounting data, asset data, reinsurance data and exposure data used for actuarial valuations.
  • Deliver the quantitative projections for the annual ORSA
  • Deliver annual, quarterly and monthly SCR analysis Guardrisk Insurance and its cells in line with Group practices and policies.
  • Participate in providing financial insights to proposed product developments and reinsurance arrangements.
  • Collaborate with internal and external stakeholders.


Client

  • Build and maintain relationships with clients and stakeholders.
  • Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
  • Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.


People

  • Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
  • Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
  • Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
  • Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
  • Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted.
  • Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.


Finance

  • Manage high risk and problematic financial and capital issues in area of accountability and contribute to the development of policy.
  • Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
  • Implement and provide feedback on the effectiveness of financial policy, practice and procedures: preventing illegal, unethical or improper conduct.
  • Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability.

Competencies required

  • Expert knowledge MS Office
  • Advance knowledge of MS SQL
  • Intermediate to advanced programming experience
  • Advanced understanding of the components of SCR of a Non-Life insurer as prescribed by the prudential standards. Cell captive specific experience advantages
  • Understanding of relevant legislation, ie. Insurance act, Prudential standards, IFRS 4 and IFSR1
  • Advanced understanding of triangulation methods including large loss reserving methods and liability valuation methods.


Experience and Qualifications

  • Fellow Actuary specialising in Non-Life.
  • At least 8 years relevant work experience

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