Actuarial Control Function Head

1 week ago


Johannesburg, South Africa Rmb Nigeria Limited Full time

Role Purpose Control functions are a critical part of an insurer's checks and balances and must provide an independent perspective on risks and breaches of legal or regulatory requirements. Job Description All duties and responsibilities as described in Prudential Standard GOI3 and all relevant actuarial guidance, including Actuarial Practice Note. Work with other control functions of the insurer to manage the risk profile of the insurer. Review of technical provisions, minimum capital requirements and solvency capital requirements. Qualifications and Experience Qualified actuary with experience in valuations, capital or pricing at a life insurer or consultancy. A minimum of 10 years life‑insurance experience within the financial services industry. Prior experience as Head of Actuarial Function will be advantageous but not required. Deep experience of a wide range of actuarial topics such as experience investigations, pricing, reserving, capital, embedded value calculations and IFRS 17. Experience in dealing with senior stakeholders. Experience in audit and/or validations will be advantageous. Strong technical, analytical and communication skills. Experience with Prophet valuation software will be advantageous. All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose it to other parties. #J-18808-Ljbffr



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