Head of Corporate Actuarial

7 months ago

Johannesburg, South Africa SPECD (Pty) Ltd Full time

Gauteng, JHB - Northern Suburbs
- Monthly Basic Salary (Market related, Negotiable)

**We are recruiting for the position of a** HEAD OF CORPORATE ACTUARIAL to join a leading insurance company, that specialises in offering of insurance products for employees across many industries, assisting with COID cover, occupational injuries cover, funeral cover and more.**

**Reporting to the Executive Actuary, the Head of Corporate Actuarial will be responsible for overseeing a team of actuarial professionals that will be responsible for ensuring that all life and non-life actuarial valuations are prepared timeously and accurately.**

**The incumbent will also be responsible for overseeing of the development and maintenance of the actuarial valuation system and data integrity. An integral part of the role will also be supporting business with insights and producing reports for the executive and various committees.**

**Job Title**:Head - Corporate Actuarial

**Work Location**:Parktown,** **Johannesburg

**Employment Type**:Permanent, On-site

**DUTIES AND RESPONSIBILITIES**:
**1. **Management of the actuarial function**:

- Oversee both the actuarial teams working on the COID business as well as the Life Business and providing support to the AIT (IT) business.
- Oversee the preparation of and review monthly valuation data.
- Maintain the integrity of actuarial and valuation data.
- Timeously respond to actuarial queries from the regulators (FSB/SARB/SARS).
- Plan and budget actuarial matters and maintain a timetable of submission (financial projections).
- Inform management of actuarial specific regulatory issues (solvency and capital requirements) for the Group.
- Ensure that a summary of returns and any actuarial issues are maintained to report to management (EXCO/BOARD/AUDIT etc).
- Prepare and present actuarial matters to the Board and act as an advisor to the Board and its sub-committees.
- Develop pricing models, ensure validity of assumptions and sufficiency of pricing (COID and Non-COID products).
- Set premium rates.
- Develop and maintain Actuarial systems.
- Monitor experience (reserving and pricing).
- Responsible for capital and solvency management and investment management through liability matching (ensure that assets are appropriate in terms of nature, amount and duration for liabilities that are held.
- Responsible for the end-to-end management of the reinsurance process, including but not limited to negotiating treaties, facilitating transfers, setting, and maintaining new strategies, mitigating risks, and managing reinsurance renewals annually.
- Prepare actuarial specific areas in all the Group regulatory returns.
- Monthly, Quarterly, Annual.
- ORSA and SAM reporting.

**2. **Staff management and monthly reporting**:

- Manage, supervise and training of staff.
- This includes both the actuarial teams working on the COID business as well as the Life Business and providing support to the AIT (IT) business.
- Manage relationships within the company and stakeholders e.g. Statutory Actuary.
- Lead and motivate a team to achieve targets.
- Monthly reporting of the Key Performance indications for the actuarial reporting function.
- Monthly report to FM on status of accounts and returns for EXCO submission.
- Effective reporting and assessment of problem areas.

**3. **Regulatory compliance**:

- Ensure that all work is performed in terms of required standard and regulation.
- Ensure that the position of the company is translated into standards by assessing gaps in methodology, assumptions and overall products and align standards to that of the organisation.
- Ensure that all company policies and procedures are adhered to.
- Ensure timely submission of various periodical reports, highlights of the previous month’s reports.

**QUALIFICATIONS, SKILLS, AND EXPERIENCE**:
**1. **Qualification Requirements**:

- NQF Level 7: Bachelor’s degree - Actuarial Science.
- Progress towards actuarial exams - Qualified or nearly qualified.
- Actuarial Society /Institute of Actuaries.

**2. **Minimum Experience**:

- Minimum 8 years’ experience in an insurance regulatory environment.

**3. **Knowledge and Skills Required**:

- Advanced Excel.
- Insurance knowledge is essential.
- Reporting experience.
- Valuation experience.
- Life and non-life experience.
- Knowledge of the Insurance Acts (long and short term) including SAM, IFRS17.
- Actuarial guidelines.
- Experience leading/managing a team.

**PACKAGE & REMUNERATION**:

- Will be agreed based on qualifications, applicable experience, and previous earnings.

For more information please contact:

- Christine McEnderry

  • Head of Actuarial

    1 week ago

    Johannesburg, South Africa Six Sense Full time

    Gauteng, JHB - Northern Suburbs Annually Cost To Company (Market related) A well-established short term insurer is seeking to appoint Head of Actuarial. The head of actuarial is responsible for all actuarial operations within company. This would include being responsible for the valuation of technical provisions, modelling of capital requirements, technical...

  • Corporate Actuarial Consultant

    7 months ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Actuary Jobs in Johannesburg- Salary- R700k - R800k- Job Type- Permanent- Education- BSc Actuarial Science + min. 7 CT’s- Experience- 2 - 3 years’ STI- Reference- 020721FJCAC02- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847Our client in Banking is in need of a Corporate Actuarial Consultant. Must have corporate...

  • Corporate Actuarial Analyst

    6 days ago

    Johannesburg, South Africa Antal International Full time

    A leading reinsurer based in Johannesburg is looking for a Corporate Actuarial Analyst/Senior Analyst (Non-Life). If you have experience with IFRS17, having significant progress towards completing your actuarial exams and are an Actuarial Analysts with experience in the Life sector and are interested in transitioning to Non-Life or a Non-Life Actuarial...

  • Corporate Actuarial Specialist

    2 days ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Corporate Actuarial Analyst

    11 hours ago

    City of Johannesburg, Gauteng, South Africa Antal International Full time

    **Corporate Actuarial Analyst/Senior Analyst (Non-Life)** *** **AA/EE: Preferable** **Contract: Permanent** **Location: Johannesburg** **Available: ASAP** **About the Role**: A leading reinsurer based in Johannesburg is looking for a Corporate Actuarial Analyst/Senior Analyst (Non-Life) with at least 2 years of non-life insurance experience. The...

  • Head: Actuarial and Risk

    7 months ago

    Johannesburg, South Africa PPS Recruitment Full time

    **Job Advert Summary**: To assume responsibility, initiate strategy and oversee the delivery of actuarial and risk-related activities within the PPS Short-Term Insurance business. This position will be a junior Executive Committee position. **Minimum Requirements**: **Qualification**: - Degree in Actuarial Science - Qualified Fellow Actuary **Knowledge &...

  • Head of Actuarial and Pricing

    11 hours ago

    Johannesburg, South Africa CA Global Headhunters Full time

    **Nature & Scope**: Our client is currently seeking to employ a Head of Actuarial and Pricing to be based in Johannesburg, South Africa. The incumbent will be responsible for the following: Leading a team of actuaries Creating new and innovating retail investment products Integrating the products with the broader group where applicable Ideation of and...

  • Head of Actuarial and Pricing

    2 days ago

    Johannesburg, South Africa CA Global Headhunters International Full time

    **Job Description**: **Nature & Scope**: Our client is currently seeking to employ a **Head of Actuarial and Pricing** to be based in Johannesburg, South Africa. The incumbent will be responsible for the following: - Leading a team of actuaries - Creating new and innovating retail investment products - Integrating the products with the broader group where...

  • Corporate Actuarial

    7 months ago

    Johannesburg, 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...

  • Corporate Actuarial Analyst

    4 days ago

    Johannesburg, South Africa Moving Heads Personnel Full time

    **Corporate Actuarial Analyst (Non-Life)** **Johannesburg** This technical IFRS17 position is available within our Corporate Non-Life Actuarial Business Unit and reports into the Operational Manager for Non-Life Actuarial. - Part of the team responsible for the local implementation of IFRS 17: (Challenging results and drivers, assessing adherence to the...

  • Analyst: Corporate Actuarial

    6 months ago

    Johannesburg, South Africa Boardroom Appointments Full time

    **Minimum requirements**: - 3-year BSc or BCom with Actuarial majors - Honours is an advantage - Member of Actuarial Society of South Africa / Member of the Institute and Faculty of Actuaries. - At least 6 exemptions / actuarial exam passes - Knowledge of statistics. - Understanding of insurance business principles. - Understanding of balance sheet...

  • Actuarial Specialist: Corporate Actuarial

    7 months ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Head of Actuarial

    1 week ago

    Johannesburg, South Africa Six Sense Consulting Full time

    **Qualifications and Experience**: - University graduate degree - Must be a qualified actuary (FASSA/FIA/FFA) - CERA qualification will be advantageous - Minimum of 3 to 6 years experience i n a similar position in the short-term insurance industry. **Knowledge**: - Experience and understanding of a variety actuarial reserving methodologies. - Detailed...

  • Head of Acquisition

    7 months ago

    Johannesburg, South Africa Head of Digital Full time

    ur client a reputable gaming industry currently seeks a Head of Aquisitions Paid media for a strategic, data-driven & creative Head of Acquisition. We're looking for the best in the business and someone who has deep exposure to working within a digitally native business. The Head of Acquisition will report to the Chief Growth Officer and will work...

  • Head of Technical Actuarial

    7 months ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Johannesburg- Salary- Market Related- Job Type- Permanent- Education- Fellow Actuary- Experience- 7 years’ experience in short term insurance- Reference- 211021FJHTA02- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847Looking for a qualified Actuary to take charge of the Technical Marketing division of a leading...

  • Actuarial Specialist Valuations

    7 months ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Short-term Head of Actuarial Function Support

    1 week ago

    Johannesburg, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: An exciting opportunity has become available to support the Head of the Actuarial Function for The Hollard Insurance Company and Hollard Specialist Insurance. The Actuarial Functions form part of the Group Risk Management Team and is situated in Johannesburg at the Parktown campus. There are engagement opportunities with business...

  • Actuarial Specialist

    7 months ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Johannesburg- Salary- R 800 K - R 600 K p/a- Job Type- Permanent- Education- Nearly or Newly Qualified Actuary- Experience- Minimum of 3 years’ experience in Life Valuations- Reference- 201020FAAS- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847Our client, a leading short-term insurer is currently looking to fill...

  • Statutory Actuary

    1 month ago

    Johannesburg, South Africa Jobted ZA C2 Full time

    Key Responsibilities: - Support the Head of Actuarial Function in preparing reports for management and board committees, including statutory reports. - Develop and implement product development, pricing, and product management strategies across the business. - Manage and govern model governance processes. - Lead various ad-hoc projects related to product...

  • Actuarial Manager

    7 months ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Johannesburg- Salary- R 1.2 Million - R 920 K p/a- Job Type- Permanent- Education- Actuary- Experience- Minimum of 5 years’ experience in short-term insurance- Reference- 050121FAAM- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847Our client, a leading insurer is currently looking to secure an Actuarial Manager to...