Corporate Actuarial Specialist

1 week ago

Centurion, South Africa Global Talent Solutions Full time

Corporate Actuarial Specialist - Hybrid

Role Purpose

The individual will be responsible for assistance with regulatory reporting, reserve setting, reinsurance and forecasting

**Responsibilities**:

- Risk Reporting
- Assist with the completion of statutory returns
- Calculation of capital requirements as per the standard formula
- Completion of quarterly and annual QRT
- Calculate quarterly reserves using sound actuarial techniques (eg. Chain ladder, Average cost per claim, Bornhuetter Ferguson, Mack)
- AURR calculations
- Assist in year-end audit on technical provisions (including preparing and validating data)
- Assist in developing a model to be used as part of the ORSA and normal financial soundness review processes to assess economic capital for comparison with regulatory capital
- Assist in the implementation of IFRS 17
- Preparing reinsurance renewal data
- Assist in ensuring claims are reported to reinsurers and submitting adjustment figures timeously to ensure payment of recoveries due

**Requirements**:

- Knowledge of SAM Technical specifications
- Experience in setting adequate reserves for insurance products
- Experience in estimating capital requirements and structuring reinsurance arrangements
- Knowledge of IFRS 17 will be an advantage
- Knowledge of actuarial professional guidance notes
- Minimum 3 to 5 years' experience in an actuarial environment within the Short-term Insurance industry
- A degree in Actuarial Science
- Good progress with ASSA (or similar professional body) examinations
- SQL skills and experience with ResQ would be an advantage

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

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