Corporate Actuarial Specialist

2 weeks ago


Centurion, South Africa Psybergate Full time

**What you will be doing**:

- Identify areas of non-compliance and implement requirements necessary
- Quarterly Capital Dashboard
- Quarterly Risk Dashboard
- Calculation of capital requirements as per the standard formula
- Completion of quarterly and annual QRT
- Assisting legal and compliance team with completion of qualitative return
- Any ad-hoc FSCA/PA information requests
- Assist with audit/HAF review process of all returns
- Calculate quarterly reserves using sound actuarial techniques (eg. Chain ladder, Average cost per claim, Bornhuetter Ferguson, Mack)
- AURR calculations
- Assist in year-end audit on technical provisions (including preparing and validating data)
- Analysis of change of technical provisions
- Assist in developing a model to be used as part of the ORSA and normal financial soundness review processes to assess
- economic capital for comparison with regulatory capital
- Assist in building and maintenance of forecasting models to assist in the planning, budgeting, capital management and ORSA scenarios in the business
- Assist in the implementation of IFRS 17
- Assist with IFRS 17 Reporting
- Preparing reinsurance renewal data
- Monitoring claims for potential recoveries
- Assist in ensuring claims are reported to reinsurers and submitting adjustment figures timeously to ensurepayment of recoveries due
- Ascertain impact of various reinsurance structures on capital requirements in collaboration with reinsurance broker

**What we are looking for**:

- Completed degree in Actuarial Sciene or other related fields
- 3 - 5 years' experience in an actuarial environment within the Short-term Insurance industry
- Good progress with ASSA (or similar professional body) examinations
- Microsoft Office skills
- SQL skills and experience with ResQ would be an advantage
- Knowledge of SAM Technical specifications
- Experience in setting adequate reserves for insurance products
- Experience in estimating capital requirements and structuring reinsurance arrangements
- Knowledge of IFRS 17 will be an advantage

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