Actuary Professional

Job Overview

The Recruitment Council is seeking an experienced Statutory Actuary to join our team. As a key member of our financial services team, you will play a pivotal role in enhancing the organization's financial and operational performance.

About the Role

This exciting opportunity involves supporting the Group Head of Actuarial Function in preparing and presenting comprehensive reports to senior management and board subcommittees. You will lead the development, implementation, and monitoring of product development strategies, pricing structures, and product management processes across the company.

You will also establish and manage robust model governance frameworks to ensure the integrity and compliance of actuarial models. Additionally, you will oversee and deliver ad-hoc actuarial projects, focusing on areas such as product management, valuation bases, solvency assessments, and financial reporting.

Collaboration with the Head of Risk and Capital Analytics will be essential in projects involving required capital, stress testing, and solvency projections.

Key Responsibilities

• Support the Group Head of Actuarial Function in preparing comprehensive reports for senior management and board subcommittees.
• Lead the development, implementation, and monitoring of product development, pricing strategies, and product management processes.
• Establish and manage model governance frameworks to ensure accurate and compliant actuarial models.
• Oversee and deliver ad-hoc projects, focusing on product management, valuation bases, solvency assessments, and financial reporting.
• Collaborate with the Head of Risk and Capital Analytics on required capital, stress testing, and solvency projections.

Requirements

• A qualified Actuary (Fellow or Associate), registered with the Actuarial Society of South Africa (FASSA/AMASSA) or a similar recognized professional body.
• A minimum of 5 years of post-qualification experience, with significant exposure to financial reporting.
• Comprehensive knowledge of long-term insurance products and product management is advantageous.
• Proficiency in financial reporting standards such as IFRS, Embedded Value (EV), and Solvency Assessment and Management (SAM).

Estimated Salary: R1,200,000 - R1,800,000 per annum

Contact Information