Assistant Manager

5 days ago


Johannesburg, South Africa Moving Heads Personnel Full time

**EXPERIENCE IN THE FINANCIAL SERVICES/INSURANCE INDUSTRY IS ESSENTIAL**
- Design, develop and implement the actuarial risk framework in a multi-channel / multi-product business to support reserving, financial reporting and loss planning processes.
- Provide quarterly reserve oversight and independent in depth analysis to monitor reserve adequacy in total and by country operation.
- Collaborate across actuarial functions to build strong actuarial standards and capabilities in Solvency Assessment & Management (SAM) across all African operations.
- Ensure best practice actuarial frameworks and processes are followed.
- In collaboration with the Chief Actuary ensure the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of technical provisions and capital requirements.
- Review of the calculation of technical provisions as required.
- Review the build, parameterisation, refinement and validation of the organisation’s internal capital model.
- Ensure the economic capital model is operating in a controlled and well-governed manner.
- Assess the sufficiency and quality of the data used for capital modelling, reserving and SAM calculations as required.
- Review Standard Formulae Model under SAM.
- Develop risk parameters for various requirements (e.g. market, operational, underwriting and non-life) using capital modelling tools.
- Review actuarial projections regularly.
- Review actuarial technical guidelines and methodologies as well as test and review capital models.
- Support the approval process of all new products and amendments to products.
- Review controls for all required areas with actuarial functions to assess the effectiveness of controls.
- Provide support to risk management function including the ORSA and Risk Appetite / Strategy.
- Provide required oversight in areas of the business requiring actuarial sign-off (including pricing, product development, reinsurance, proposed transactions and others).
- Participate in the relevant local governance and other structures as required.
- Bachelors Degree in Actuarial Science
- Nearly qualified Actuary/ Good progress with actuarial board exams
- Min 4-6 years' experience in performing **short term reserving and capital calculations.**
- Min 2-3 years' experience in Solvency Assessment Management (SAM).
- IFRS17 and Pricing knowledge advantageous 20.8loi

**Job Types**: Full-time, Permanent

Ability to commute/relocate:

- Johannesburg, Gauteng: Reliably commute or willing to relocate with an employer-provided relocation package (required)

**Education**:

- Bachelors (preferred)


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