Senior Manager

5 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 as engage with the external Head of the Actuarial function and External Auditors to ensure end-to-end delivery.

**Minimum Requirements**:
**Education**:

- Matric
- Completed Fellowship within the Actuarial Society of South Africa (ASSA) or Institute or Faculty of Actuaries (UK), i.e. a qualified actuary.
- Good computer knowledge - MS Outlook, Excel and Word, PROPHET (actuarial software) knowledge is necessary. MS Power BI, SQL, and another relevant knowledge preferable

**Experience**:

- Must have at least 8 to 12 years of experience in the Life Insurance actuarial environment with a strong focus on Valuation and Reporting experience (SAM, IFRS4, EV), IFRS 17 preferable
- Strong Technical experience with proven track-record of execution
- Must have excellent communication skills and the ability to lead a team of up to 2-5 actuarial resources.
- Report writing experience.
- Regulatory reporting experience would be preferential.
- Is equipped to use the actuarial software (PROPHET) to conduct valuations and calculations.
- Experience with MS Power BI, SQL, and another relevant knowledge would preferable.

**Knowledge and Skills**
- Knowledge and understanding of Valuations in the Life Insurance Industry
- Communicate insights gained in analyses to the business in order to influence and contribute to strategy setting and business decision making.
- Articulates and communicates in a logical and structure manner information to meet the needs and understanding of intended audiences.
- Expresses opinions, information, and key points of view clearly and assertively
- Is confident in conceptualising, building, and presenting plans related presentations.
- Anticipates and responds appropriately to the needs, reactions, and feedback of an audience.
- Demonstrates awareness of market trends and opportunities and keeps up to date with competitor developments impacting area of responsibility.

**Competencies**
- Is adept in the use of the latest MS Office package, particularly Excel, Word, and Power-point.
- Is equipped to use the actuarial software (PROPHET) to carry out valuations and calculations.
- Analysing data and extrapolating insights
- Working with People
- Entrepreneurial & Commercial Thinking
- Achieving Personal Work Goals & Objectives
- Adapting & Responding to Change
- Adhering to Principles & Values
- Responsible & accountable

**Duties and Responsibilities**:

- valuation of liabilities, analysis & allocation of profits, internal reviews, support new business ventures and initiative, provide inputs for business planning and any corresponding commentary. To analyse and communicate the results to broader business stakeholders, with the support of the Head of Actuarial Valuations
- Manage the end-to-end maintenance, improvement, documentation of systems, valuation processes for profits/liability calculations.
- Responsible for contributing to changes and improvements to the valuation and analysis methodology where requires.
- Manage priorities in a timely and efficient delivery manner.
- Develop, mentor, and manage analysts and senior analysts.
- Drive and oversee a culture of continuous improvements in efficient and simplification.
- Monitor and report business insights to the Group Executive Committee and the product development department on product experience and identify potential trends and issues.
- monthly and quarterly reports
- Delivering efficient and consistent service and support to all internal and external clients, hence ensuring a quality interaction and relationship with all stakeholders



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