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 reserves (IFRS and SAM), capital requirements and solvency position. Reporting to business, including providing understanding of results, and statutory returns to the Prudential Authority. This role has therefore wide impact within the Hollard ST business as well as ensuring that Hollard continues to meet regulatory requirements in order to do business.

**Key Responsibilities**:

- Ensuring accurate and appropriate reserving for the two short term licences, including appropriate assumptions, adequate and reliable data and accurate modelling.
- Manage and co-ordinate the calculation of SAM Technical Provisions and Solvency Capital Requirement, including projections of these as part of the Hollard integrated planning and budgeting.
- Oversee production of shareholder and business KPI measurement results such as ROC and Net Generated Equity. Provide insights regarding opportunities for optimization of these results.
- Scenario projection and stress testing of results.
- Assist with modelling to support reinsurance renewals.
- Report on the corporate actuarial results to Board sub-committees such as Actuarial and Audit committees.
- Ensure that all actuarial processes are performed as efficiently as possible and are compliant with the current risk control environment and actuarial governance procedures.
- Provide insight to stakeholders on the drivers of their results.
- Drive actuarial component of IFRS 17 results generation.

**PEOPLE, TALENT MANAGEMENT & LEADERSHIP**
- Manage staff performance (setting & communication of prioritization, standards requirements and managing delivery of these KPIs)
- People management, in conjunction with HR (Recruitment, selection & Induction; Training, Development and retention)
- Team & Employee Growth: Take responsibility for team’s and own career growth. Ensure succession and talent management

**CUSTOMER SERVICE & TCF**
- Customer service: Maintain a high level of service to customers (internal and external) according to the service standards as set by the company.
- TCF: Ensure customers are treated fairly and that TCF management & training is done in conjunction with the Academy

**Required Knowledge and Experience**:

- Minimum of 10 years in a short-term actuarial environment
- Knowledge of SAM and IFRS rules applicable to short term insurer
- Actuarial techniques applicable to short term insurers
- IFRS 17 knowledge
- Excellent MS Excel skills are a basic requirement
- Strong technical and analytical skills

**Educational Requirements**:

- Matric
- Fellow of the Actuarial Society of South Africa

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