Actuarial Assistant Manager

7 days ago


Johannesburg, Gauteng, South Africa RPO Recruitment Full time
Actuarial Assistant Manager Role

RPO Recruitment is seeking an experienced Actuarial Assistant Manager to join a prestigious Life Insurance institution in Sandton. As an Actuarial Assistant Manager, you will provide actuarial support and expertise, assist in developing and implementing actuarial models, and collaborate with cross-functional teams to drive business strategies and decision-making.

Key Responsibilities
  • Embedded Value Reporting: Drive the calculation and reporting of Embedded Value metrics to assess the financial performance and value of insurance products.
  • New Business Profitability Analysis: Evaluate the profitability of new business initiatives by conducting in-depth analysis of pricing, persistency, and risk management strategies.
  • Experience Investigations: Analyze policyholder experience data to assess mortality, lapse, and other key assumptions.
  • Assumption Setting: Participate in the development and review of actuarial assumptions used in financial reporting processes.
  • Modelling and Coding: Develop and maintain actuarial models to analyze and forecast financial results.
  • IFRS17 Reporting: Assist in the implementation and ongoing compliance with IFRS17 requirements.
  • Data Reconciliation: Perform regular data reconciliation exercises to ensure consistency and accuracy of data used in actuarial models and financial reporting.
Requirements
  • Bachelor's degree in Actuarial Science or Business Science
  • Minimum of 6 Actuarial exams
  • 3-5 years of relevant Life insurance industry experience
  • Proficient in Microsoft Excel and additional Microsoft products
  • Strong analytical and problem-solving skills with proficiency in actuarial modelling techniques
  • Strong communication and interpersonal skills with the ability to effectively collaborate with cross-functional teams
  • Experience with using actuarial modelling software and programming languages will be advantageous


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