Actuarial Expert for Life Insurance

1 month ago


Cape Town, Western Cape, South Africa Network Recruitment Full time

We are seeking an experienced Actuarial Specialist to join our team in Cape Town. This role offers a unique blend of technical actuarial responsibilities and commercial exposure. As an Actuarial Expert, you will play a crucial part in consolidating valuation results, generating insightful business analyses, and presenting key findings to senior management.

Key Responsibilities:
  • Valuation Analysis: Conduct detailed analysis and consolidation of Embedded Value (EV) results, preparing thorough reports.
  • Financial Reporting: Evaluate and report on financial performance, including profit and new business flows.
  • Documentation: Maintain and update valuation basis reports, ensuring precision in monthly pricing.
  • Cash Flow & Sensitivity: Oversee monthly cash flows and EV sensitivities, and assess new business value.
  • Profit Reporting: Develop and consolidate profit reports for the Retail Affluent sector.
  • Auditor Interaction: Supply essential information to both internal and external auditors.
  • IFRS17 Reporting: Implement and interpret reporting processes in line with IFRS17 standards.
  • Ad Hoc Tasks: Produce management reports and tackle various investigative tasks as needed.
Qualifications and Skills:
  • Education: Nearly qualified or recently qualified Actuary with a BSc in Actuarial Science or a related field.
  • Experience: 3-5 years of pertinent experience in actuarial reporting.
  • Skills: Proficiency with actuarial reporting standards, including IFRS, EV, VNB, and SAM bases.
Salary and Benefits:

The estimated annual salary for this role is R800,000 - R1,200,000, depending on experience. Our company offers a competitive benefits package, including medical aid, retirement fund, and paid time off.



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