Corporate Actuarial

2 weeks ago

Johannesburg, Gauteng, South Africa Moving Heads Personnel Full time

Reserving:

Produce IFRS 17 valuations at levels that are appropriate and fit for purpose for the business, to be used as the basis for relevant international accounting standards purposes which conform to professional requirements.

Managing the extraction, processing and reconciling data. This includes further automation of these processes to ensure efficiency and to reduce the risk of errors.

Review the methodology and calculation of IFRS 17 valuations and provide assurance on the adequacy thereof.

Provide support in ensuring actuarial best practice in the determination of technical reserves.

Review technical guidelines to recommend financial and statistical assumptions.

Support methodology, assumption and dependency structures setting.

Implementation of IFRS17 and other requirements in actuarial models.


Gain a deep understanding of the impact of IFRS 17 on finance systems and identify opportunities to enhance this landscape.

Revamp impacted processes in light of the new reporting requirements. This will require the use of innovative thinking and potentially the development of new modelling techniques.

Manage the preparation of reports for submission to senior management and the audit committee.

Business Support:
Provide actuarial training to management and executives, as required.

Manage the preparation of reports for submission to senior management, the audit committee and the regulator.

Participate in the relevant governance structures and policies.

Comply with data governance and controls framework.

Complete control documentation required for processes.

Responsible for relevant Technical Actuarial Review Forums.

Support the Head of Actuarial Control in performing their oversight functions.

Stakeholder Engagement:
Develop and maintain strong working relationships with the various stakeholders.

Manage effective customer service and relations to deliver customer service satisfaction.


Maintain service, quality and desired outputs within a specific functional process through ensuring compliance to tactical policies, procedures and standards.

Resolve escalated queries and provide feedback to customers on matters resolved.

Develop work routines in line with operational plans / schedules in order to manage achievement of service delivery goals.

Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.

Relevant bachelor's degree in Actuarial Science

Qualified / nearly qualified actuary

Min 4 years' experience in General Insurance

Technical Provisions / Reserving/ IFRS 17 exposure preferred

VBA, ResQ and/or SAS experience would be an advantage

Job Types:
Full-time, Permanent

Ability to commute/relocate:

  • Johannesburg, Gauteng: Reliably commute or planning to relocate before starting work (required)

Education:

  • Bachelors (preferred)

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