Senior Actuarial Analyst
2 days ago
Requirements:
- Actuarial degree
- Minimum of 8 actuarial exemptions including CA1 or equivalent good progress with ASSA exams with commitment to completion of all exams within a defined period OR Honours degree in Statistical Analysis /Actuarial Science (NQF level 7).
- 3-5 years
- experience in a similar position, preferably in insurance or investment management fields.
- Understanding of short-term insurance business.
- Good knowledge of Insurance Act and in particular SAM specifications and processes would be an advantage.
Knowledge
- Strong knowledge of SAM
- IFRS17 knowledge would be an advantage
- Microsoft Office 365
- Expertise on trend analysis and forecasting
- Excellent knowledge of actuarial modelling including scenario analysis and stress testing
**Responsibilities**:
- Ensure completion of risk metrics for use in reporting to Risk Committee.
- Support the Actuarial Department with periodic asset liability allocation exercise.
- Assess Market and Credit risk based on appropriate VaR models.
- Preparation of information required by Actuarial Manager for calibration of capital models.
- Assistance with reinsurance assessment for reinsurance renewals.
- Valuation of regulatory and economic capital requirements using internal models
- Regular review and update of actuarial models.
Reserving:
- Assimilation and verification of required data.
- Analysis of claims experience relative to reserves.
- Valuation of quarterly and
annual reserves.
- Preparation of the Technical Provisions report.
Own Risk and Solvency Assessment (ORSA):
- Assist with key ORSA functions including setting of risk appetite, risk budget, scenario identification and quantification as well as capital and financial projections.
Compile reports and documents
- Completion of Prudential Authority returns.
- Assist in the preparation of Monthly/Quarterly/Annual or ad-hoc performance reports for Executive Management, the Board of Directors and Regulatory Agencies.
- Remain informed of changes in trends in relation to modelling data specifically pertaining to the insurance industry environment.
People Management
- Ensure that the working environment contributes to improving staff morale and increasing productivity.
- Develop Individual & Team Competence.
- Ensure that all staff are trained, skilled and that their expertise is fully applied.
- Ensure that working environment contributes improving staff morale and increased productivity.
Ad-hoc
- Build and maintain relationships throughout the business inclusive of Head of Actuarial Function, Finance, Claims, IT as well as Underwriting teams.
**Benefits**:
R820k p/a salary + contributory medical aid, pension, medical scheme
JOB TYPE
Work Day:Full Time
Employment type:Permanent Job
Salary:ZAR 750,000.00 - 820,000.00 Yearly
Positions available:1
JOB REQUIREMENTS
Minimal experience:Unspecified
Gender:Indistinct
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