Head: Corporate Actuarial

2 weeks ago


Johannesburg, Gauteng, South Africa Bryte Insurance Full time

The role holder will be responsible for the reserving and capital functions across the group: short term, and life insurance; South Africa and Botswana.

Key Tasks & Accountabilities

General

  • Accountable for the strategy and operating model of the corporate actuarial department.
  • Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to internal customers.
  • Assist students within the company to pursue local actuarial qualification.
Reserving specific

  • Reserving, reinsurance analysis, or marketfacing business units in support of business objectives, and annual IFRS audit.
  • With appropriate review and guidance from Management coordinate, prepare, and perform actuarial analyses including and premium projections, consultation on actuarial models, and risk based capital issues.
  • Support finance, marketfacing business units, claims, risk, capital management, and other functions on reserving, and strategic business decisions.
Capital specific

  • Capital modelling, data quality, regulatory returns and audits.
  • With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analyses including collection of information from various stakeholders across the business.
Business Support specific

  • Support actuarial services related to Risk Based Capital model development, parameterisation and allocation activities.
  • Perform data analytics and/or reinsurance analysis.
Relationships

Internal

  • Actuarial business partners
  • Underwriting
  • Claims
  • Finance (FAR and PPM)
  • Senior management
  • Executives
External

  • Head Actuarial Function
  • Auditors (external and internal)
  • Underwriting
management agency (UMA) partners

  • Network of contacts within the actuarial profession
Qualifications & Experience

  • Qualified Fellow actuary (or studying towards the qualification) with strong technical knowledge.
  • Ten years of experience in an actuarial environment essential.
  • Selfmotivation and drive.
  • Professional, enthusiastic and positive attitude.
  • Able to meet deadlines and work under pressure.
Knowledge

  • Strong knowledge of actuarial professional guidance and relevant legislation.
  • Strong knowledge of the insurance industry's trends, directions, major issues, regulatory considerations and trendsetters.
Technical Skills

  • Proficiency in English with a preference for proficiency in at least one other language.
  • Effective intermediate oral and written communication, presentation and interpersonal skills.
  • Advanced knowledge of and ability to use spreadsheet software.
  • Advanced knowledge of techniques and tools that promote effective analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business.
Closing date: 24 November 2023

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