Assistant Manager

1 week ago


Johannesburg, Gauteng, South Africa Moving Heads Personnel Full time

EXPERIENCE IN THE FINANCIAL SERVICES/INSURANCE INDUSTRY IS ESSENTIAL

  • Design, develop and implement the actuarial risk framework in a multichannel / multiproduct business to support reserving, financial reporting and loss planning processes.
  • Provide quarterly reserve oversight and independent in depth analysis to monitor reserve adequacy in total and by country operation.
  • Collaborate across actuarial functions to build strong actuarial standards and capabilities in Solvency Assessment & Management (SAM) across all African operations.
  • Ensure best practice actuarial frameworks and processes are followed.
  • In collaboration with the Chief Actuary ensure the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of technical provisions and capital requirements.
  • Review of the calculation of technical provisions as required.
  • Review the build, parameterisation, refinement and validation of the organisation's internal capital model.
  • Ensure the economic capital model is operating in a controlled and wellgoverned manner.
  • Assess the sufficiency and quality of the data used for capital modelling, reserving and SAM calculations as required.
  • Review Standard Formulae Model under SAM.
  • Develop risk parameters for various requirements (e.g. market, operational, underwriting and nonlife) using capital modelling tools.
  • Review actuarial projections regularly.
  • Review actuarial technical guidelines and methodologies as well as test and review capital models.
  • Support the approval process of all new products and amendments to products.
  • Review controls for all required areas with actuarial functions to assess the effectiveness of controls.
  • Provide support to risk management function including the ORSA and Risk Appetite / Strategy.
  • Provide required oversight in areas of the business requiring actuarial signoff (including pricing, product development, reinsurance, proposed transactions and others).
  • Participate in the relevant local governance and other structures as required.
  • Bachelors Degree in Actuarial Science
  • Nearly qualified Actuary/ Good progress with actuarial board exams
  • Min 46 years' experience in performing
    short term reserving and capital calculations.
  • Min 23 years' experience in Solvency Assessment Management (SAM).
  • IFRS17 and Pricing knowledge advantageous 20.8loi

Job Types:
Full-time, Permanent

Ability to commute/relocate:

  • Johannesburg, Gauteng: Reliably commute or willing to relocate with an employerprovided relocation package (required)

Education:

  • Bachelors (preferred)

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