Head: Long-term Corporate Actuarial
6 months ago
**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
6 months ago
Parktown, South Africa Rand Mutual Assurance Full timeReporting 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 of Actuarial
6 months ago
Parktown, South Africa Rand Mutual Assurance Full timeReporting 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...
-
Special Project Actuary
6 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
6 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
6 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...
-
Graduate Intern: Actuarial Analyst
1 month 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...
-
Senior Manager
6 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
6 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...
-
Head of Marketing and Communication
2 months ago
Parktown, South Africa Rand Mutual Assurance Full time**THE JOB AT A GLANCE** Reporting into the Group Executive: Social Insurance, the Head of Marketing and Communication will be responsible for the management of the marketing and communication function through crafting of strategies, developing plans, implementing initiatives, and measuring outcomes. The oversight of teams includes Brand Management,...
-
Chief Financial Officer
6 months ago
Parktown, South Africa Rand Mutual Assurance Full time**THE JOB AT A GLANCE** The Chief Financial Officer will be responsible for providing executive advisory / support to the Board, CEO and Exco on strategic financial matters. The incumbent will be responsible overseeing the strategic and day to day operations of the finance, memberships, actuarial, and facilities departments. **WHAT WILL YOU DO?** **Key...
-
Actuarial Analyst: Partner Products
6 months ago
Parktown, South Africa Hollard Recruitment Full time**Job Advert Summary**: **The primary purposes of this role are to**: - Assist with the design, development, pricing and maintenance of the Hollard Life Solutions (HLS) insurance products (life, risk and simple short-term products). - Support the actuarial administration and management of the in-force suite of products. Monitor the ongoing product...
-
Head: New Business Development
6 months ago
Parktown, South Africa Rand Mutual Assurance Full time**THE JOB AT A GLANCE** As the Head: New Business Development, you will be responsible for generating new sales leads and expanding the customer base of RMA. You will be responsible for driving business growth by identifying opportunities, tracking new markets, and building sustainable client relationships through the establishment of strategies and...
-
Head: Sales Affluent
6 months ago
Parktown, South Africa Hollard Recruitment Full time**Job Advert Summary**: Helloan exciting new opportunity has just come available in **Hollard Life Solutions. **We are looking to recruit a **Head: Sales Affluent.** **Job Purpose**: The Head of Sales Affluent of Intermediaries has overall responsibility for strategy, leadership, and management of the Hollard Life Solutions affluent sales: P & L, growth,...
-
Chief Risk Officer
2 days ago
Parktown, South Africa Rand Mutual Assurance Full time**THE JOB AT A GLANCE** Reporting administratively to the Chief Executive Officer (CEO) and functionally to the Chairman of the Risk Committee and Actuarial Committee, the incumbent will be responsible for strategically developing and implementing detailed Enterprise Risk Management, Regulatory Compliance Frameworks and Actuarial Frameworks incorporating...
-
Head of Software Engineering
2 weeks ago
Parktown, South Africa Rand Mutual Assurance Full time**THE JOB AT A GLANCE** Reporting to the Chief Information Officer, the Head - Software Engineering is responsible for leading and overseeing all aspects of software engineering within the organization. This role involves strategic planning, team leadership, and ensuring the delivery of high-quality software products that meet business objectives and...
-
Graduate Intern: Short-term Insurance Finance
1 month ago
Parktown, South Africa PPS Recruitment Full time**Job Advert Summary**: **Minimum Requirements**: **Education**: - Matric - B. Com Accountancy degree. **Knowledge and Skills**: - Above average technical knowledge of IFRS - MIP experience and Great Plains experience will be an added advantage - Knowledge of consolidations - Proven track record of being involved in the preparation and/or audit of Annual...
-
Senior Manager: Product Development and Pricing
3 months ago
Parktown, South Africa PPS Recruitment Full time**Job Advert Summary**: The above-mentioned position is currently available in the Actuarial Business Solutions (ABS) team to fill the product actuarial position. The incumbent will be responsible to for the delivery of innovative, value-for-money products to the individual life risk market through managing and leading the design, development and pricing of...
-
Senior Manager: Risk Services
6 months ago
Parktown, South Africa Moore Recruitment Full time**Job Advert Summary**: Moore Johannesburg is a leading mid-tier professional services firm, specializing in Advisory, Audit, and Taxation, within the Moore Global Network of 30 000+ people across 500+ offices around the globe. We provide world-class services to our global client base. Our firm is located in Parktown Johannesburg, and we take pride in...
-
Head: Business Process and Innovation
2 months ago
Parktown, South Africa PPS Recruitment Full time**Job Advert Summary**: The role will be responsible for maturing the organisation's process excellence, innovation, and transformation initiatives in order to integrate process management into the core business strategy, enhancing efficiency, customer experience, and operational agility. Collaborates with senior leadership across the Group to providing...
-
Graduate Intern: Tax and Regulatory
1 month ago
Parktown, South Africa PPS Recruitment Full time**Job Advert Summary**: Responsible for Vat calculations. month end income tax calculations, provisional tax, preparation of income tax returns, withholding taxes and preparation of regulatory reporting to the FCSA, PA, NAMFISA, ASISA, NAMFISA and the SARB. **Minimum Requirements**: **Education** - Matric (Grade 12 - B. Com (Honours) **Knowledge and...