Head: Long-term Corporate Actuarial

7 months ago

Parktown, South Africa Hollard Recruitment Full time

**Job Advert Summary**:
**Key Responsibilities**

Through leadership driving delivery in all Corporate Actuarial functions of the business which includes solvency and capital, ORSA scenarios and projections, reinsurance, regulatory reporting, reserving, EV and VNB calculations, budgeting, risk and capital management.

**Oversee and accountable for Actuarial Valuations**
- Monthly reserving calculations for two life subsidiaries;
- Monthly embedded value and VNB calculations and reporting for life subsidiaries;
- Regular experience investigations and basis setting for actuarial valuations;
- Provision of budget support for life subsidiaries;
- Implementation of IFRS17 actuarial workstream.

**Oversee and accountable for Solvency**
- Calculate the solvency position of the Life Licences quarterly to ensure that we operate within the bounds as determined by the shareholder risk appetite.
- Minimise the capital strain on the group through refining solvency calculation
- The solvency calculation is imperative in the risk management strategy which highlights key risks to the business
- Oversee all quantitative aspects of the ORSA for the life licences.
- Contributing to the Investment strategy of Hollard Life including Asset Liability Matching
- Optimise solvency through methodology and/or other measures
- **Oversee and accountable for EV and VNB**
- Quarterly EV calculations assess long-term value creation, highlighting deviations from the long-term business plan
- Monthly calculation of Value of New Business, reporting on the results to Business, highlighting experience variance and required focus areas.

**Oversee and accountable for Budgets**
- Preparation of Budget Models, projection of Income Statement (underwriting components), EV, VNB and other actuarial metrics
- Projection of SAM balance sheet, SCR and budget scenarios
- Stakeholder management and collaboration with other teams

**Oversee and accountable for Actuarial System Development**
- Ensure and enable development of appropriate actuarial systems to perform actuarial modelling
- Implement modelling policy and ensure compliance

**Oversee and accountable for Regulatory Requirements**
- Provide input into solvency reporting to the prudential authority
- Required reporting to the Financial Services Conduct Authority
- Manage the transition to IFRS17
- Operate as key stakeholder of the Head of Corporate Actuarial Function
- Engage with Hollard HAF

**Business Insights and Enablement**
- Provide Exco and senior management with management information and business insigths
- Provide guidance to business on management actions required to enhance profitability and achievement of new business profitability and ROC targets
- Advise business on financial aspects of new ventures and potential transactions

**Oversee and accountable for Group Solvency**
- Review Group Own Funds
- Calculate the solvency position of the Group to ensure that we operate within the bounds as determined by the shareholder risk appetite.
- Responsible for setting and managing group solvency range
- **Reporting**
- Aggregating and provide all reporting to Group Finance and into the various forums
- Support to Group Finance for results interpretation
- Forecasting, budgeting, KPI’s and ORSA support to the group
- Responsible for pack submissions into Board committees

**Required Knowledge and Experience**:

- Must have prior Life Insurance valuation experience or alternatively managed IFRS17 implementations
- Stakeholder management - ability to manage individuals providing support in subsidiaries; holding key discussions with executive management.
- Exceptional business acumen and broad business knowledge
- In-depth knowledge of financial accounting, actuarial and related processes
- People leadership
- Legislation and regulation in all operating environments
- Excellent interpersonal communication skills
- Analytical thinking skills

**Educational Requirements**:
FASSA (or international equivalent, preferably specialising in Life or Investments).

**All Hollard appointments are made in line with our DEI policy.**
- Hollard is unapologetically committed to creating and enabling a workplace that values your diversity with a true sense of care, dignity and inclusion. We actively seek to hire for your different lived experiences (including, but not limited to disability, race, religion, ethnicity, culture, language and social origin, gender diversity, sexual orientation, neurodiversity). These grounds enhance cognitive diversity and psychological safety in our workplace for everyone._
- We proudly promote the “Hollard Way we work,” which is a combination hybrid work environment at this time. We offer flexibility in our work as far as possible, dependent on the nature of the role. Even if you don’t meet all our selection criteria, we encourage you to apply_

  • Head - Corporate Actuarial

    7 months ago

    Parktown, South Africa Rand Mutual Assurance Full time

    Reporting to the Executive Actuary, the Head - 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...

  • Head: Short Term Actuarial

    7 days ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Helloan exciting new opportunity has just become available in our **Insure, Finance area (Actuarial)**. We are looking to recruit a **Head: Short Term Actuarial.** **Role Objectives**: The STA team is responsible for all corporate actuarial work required for Hollard SA’s two short term licences. This includes calculation of...

  • Head of Actuarial

    7 months ago

    Parktown, South Africa Rand Mutual Assurance Full time

    Reporting to the Executive Actuary, the Head of Actuarial: RML will be responsible for overseeing a team of actuarial professionals who will be responsible for the design and pricing of life products, as well as strategic actuarial support to the business. The incumbent will be responsible for leading product design, actuarial modelling, pricing, project...

  • Actuarial Analyst

    2 weeks ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Hello from Hollard A new exciting **Actuarial Analyst (Capital)** opportunity has just become available in our **Insure Short Term Corporate Actuarial team.** **About Hollard** Join the largest privately owned insurance group in South Africa and be part of a family like no other. Where all employees embrace The Hollard Way by being...

  • Special Project Actuary

    7 months ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Reporting directly into the Group Actuary, the role will be required to work on, provide direction and lead parts of business critical and strategic projects. The role supports and enhances BaU processes. It provides direct support to the Group Actuary and Group CFO to deliver on strategic priorities as and when these arise. They...

  • Actuary - Modelling & Systems

    7 months ago

    Parktown, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Parktown- Salary- R800K+ p/a- Job Type- Permanent- Education- AMASSA / Fellow- Experience- 5+ Years strategic experience- Reference- AMS0222AP- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847We are currently working with a dynamic, fast-paced, reputable organization who is looking for a Actuary - Modelling & Systems...

  • Special Projects Actuary

    7 months ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Reporting directly into the Group Actuary, the role will be required to work on, provide direction and lead parts of business critical and strategic projects. The role supports and enhances BaU processes. It provides direct support to the Group Actuary and Group CFO to deliver on strategic priorities as and when these arise. They...

  • Data Analyst

    2 weeks ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Hello from Hollard An exciting new **Data Analyst (Data)** opportunity has just become available in our **Insure Short Term Corporate Actuarial team.** **About Hollard** Join the largest privately owned insurance group in South Africa and be part of a family like no other. Where all employees embrace The Hollard Way by being...

  • Data Analyst

    1 week ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: An exciting new **Data Analyst (Data)** opportunity has just become available in our **Insure Short Term Corporate Actuarial team.** **About Hollard** Join the largest privately owned insurance group in South Africa and be part of a family like no other. Where all employees embrace The Hollard Way by being imaginative, innovative,...

  • Actuarial Analyst

    1 day ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Hello from Hollard A new opportunity has just become available in our **Insure, Risk & Underwriting (Commercial Pricing) team. **We are looking to recruit an **Actuarial Analyst.** ***About Hollard** Join the largest privately owned insurance group in South Africa and be part of a family like no other. Where all employees embrace...

  • Actuarial Analyst

    5 days ago

    Parktown, South Africa PPS Recruitment Full time

    **Job Advert Summary**: Reporting to Head of Valuations, the role will be responsible for analysing risk evaluation data, coordinating, preparing, and performing actuarial analyses, which are required when pricing and developing new products, projecting future results, reserving and repricing existing products. The role will interact with other teams within...

  • Head of Corporate Planning

    2 weeks ago

    Parktown, South Africa Transnet Full time

    **_ Equity Statement :Preference will be given to suitably qualified Applicants who are members of the_** **_designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating_** **_Division._** **_ Alternative Application Methods: (Completed Curriculum Vitae to be submitted)_** Post: E-mail: Fax: before the closing date of...

  • Graduate Intern: Actuarial Analyst

    2 months ago

    Parktown, South Africa PPS Recruitment Full time

    **Job Advert Summary**: Reporting to Head of Valuations, the role will be responsible for analysing risk evaluation data, coordinating, preparing, and performing actuarial analyses which are required when developing new products, projecting future results, and monitoring the experience of PPS insurance products. The role will interact with other teams within...

  • Quotes Manager

    2 weeks ago

    Parktown, South Africa Rand Mutual Assurance Full time

    **THE JOB AT A GLANCE** As a Quotes Manager, you will be reporting into the RML: Head of Actuarial, you will be responsible for overseeing all business development processes and automation of quotations within Actuary. **WHAT WILL YOU DO?** **Produce high Quality, accurate and timeous Quotes**: - Responsible for providing specialist quoting services for...

  • Actuarial Analyst

    4 days ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Helloan exciting new opportunity has just become available in our **Insure, Risk & Underwriting (Commercial Pricing) team. **We are looking to recruit an **Actuarial Analyst.** **Role Objectives**: Contribute towards growth, efficiency, and sustainability objectives of the Company. **Key Responsibilities**: The range of products...

  • Senior Actuarial Specialist

    2 weeks ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Required Knowledge and Experience**: At least 4 years of actuarial experience in the short-term insurance industry (preferably in Reserving) Sound technical understanding of short-term reserving Strong technical and analytical skills. Good understanding of key actuarial concepts, talking points and principles within the insurance...

  • Senior Manager

    7 months ago

    Parktown, South Africa PPS Recruitment Full time

    **Job Advert Summary**: Responsible for the end-to-end delivery of the Actuarial Valuations for the Life (i.e. participating traditional/investment account, annuities etc.) and other allocated products. The role will be expected to collaborate closely with the Product Development departments and assist with internal reviews for Product initiatives, as well...

  • Head of Life Evaluations

    7 months ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Helloan exciting new opportunity has just come available in our HINT, Actuary** **area. We are looking to recruit a Head of Life Evaluations. As the Head of Life Valuation, your primary role is to oversee and conduct actuarial valuations for the life assurance business across various countries within our organization. This pivotal...

  • Senior Data Analytics Specialist

    2 weeks ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Hello an exciting new opportunity has just become available in our HINT, Data & Analytics area. We are looking to recruit a Senior Data Analytics Specialist. Reporting to the Head: Data and Analytics the main purpose of the role is to drive the analytics agenda within the Hollard International business. Hollard International is a...

  • Head: Business Development

    1 week ago

    Parktown, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: Helloan exciting new opportunity has just become available in our Distribution Business Development Team. We are looking to recruit the Head - Business Development. **Job Purpose** The Head: Business Development is responsible for the coordination and execution of new business opportunities in Hollard Life Solutions, Mergers and...