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Manager, Technical Actuarial

4 months ago

Johannesburg, Gauteng, South Africa Standard Bank Group Full time
Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities - plus the chance to work alongside some of the sector's most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We're passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

The role offers the opportunity for the successful candidate to contribute to the development and implementation of IFRS 17 for SIL.
The candidate will also be responsible for and improving and maintaining the quality of technical actuarial work that is produced within Actuarial Services.
The role also extends to ensuring all data requirements for IFRS 17 and new systems implementations are implemented.
The role will involve interacting with key stakeholders within the Standard Bank Group (SBG).
The successful candidate will form part of the Actuarial Team - a team overseen by the SIL: Head of Actuarial Services.
The candidate will also be required to manage a team.

Qualifications

Minimum Qualifications
Nearly/Newly Qualified Actuary with at least 5 years' experience in a complex insurance environment

Experience Required
Insurance
Understanding of short-term insurance business principles
Working knowledge of IFRS 17, preferably with implementation experience
SAM experience would be beneficial.
Understanding of data mining and data enrichment for IFRS 17 financial reporting
Extensive knowledge of Risk Integrity for IFRS 17 software.
Understanding of Alteryx.
Managing an actuarial team.

Additional Information

Behavioral Competencies:
  • Adopting Practical Approaches
  • Challenging Ideas
  • Checking Details
  • Developing Expertise
  • Documenting Facts
  • Empowering Individuals
  • Exploring Possibilities
  • Interacting with People
  • Interpreting Data
  • Making Decisions
  • Providing Insights
  • Team Working
Technical Competencies:
  • Analysing Insurable Risk
  • Insurance Principles
  • Insurance Products & Services
  • Risk/ Reward Thinking
  • Statistical & Mathematical Analysis
  • Underwriting and Pricing Risk