About the position
Main Purpose:
The role holder will be responsible to oversee a team and to perform routine Reserving or Capital tasks as assigned, requiring minimal direct supervision and to perform more complex analyses.
Key Performance Areas:
General
- Provide actuarial services with minimal supervision
- Coordinate work tasks
- Provide guidance to members of the team
- Preform more complex analyses
- Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to international clients
Reserving Specific
- Under general direction, support reserving, reinsurance analysis, or market-facing business units in support of business objectives and annual IFRS audit
- With appropriate review and guidance from management coordinate, prepare, and perform actuarial analyses including any premium projections, consultations on actuarial models, and risk-based capital issues
- Support financial, market facing business units, claims, risks, capital management, and other functions on reserving and strategic business decisions
Capital Specific
- Under general direction, support capital modelling, data quality, regulatory returns, and audits
- With appropriate review and guidance management, coordinate, prepare, and perform actuarial analyses including collection of information from various stakeholders across the business
Business Support Specific
- Support actuarial services related to risk-based capital model development, parameterisation and allocation activities
- Perform data analytics and / or reinsurance analysis
Relationships:
Internal
- Actuarial business partners
- Underwriting
- Claims
- Finance (FAR and PPM)
- Senior management / executives
External
- Head Actuarial Function
- Auditors (external and internal)
- Underwriting management agency (UMA) partners
- Network of contacts within the actuarial profession
Minimum requirements:
- University degree in actuarial science, statistics, mathematics, or a related field
- 3 to 7 years of experience in an actuarial environment
- Self-motivation and drive
- Professional, enthusiastic, and positive attitude
- Able to meet deadlines and work under pressure
- Strong knowledge of actuarial professional guidance and relevant legislation
- Strong knowledge of financial and accounting practices, financial analysis, and reporting
- Knowledge of the insurance industry trends, directions, major issues, regulatory considerations, and trendsetters
- Knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business
- Knowledge of practices and policies governing disclosure of information about the organisation
- Proficiency in English with a preference for proficiency in at least one other language
Desired Skills:
- Underwriting
- Finance
- Actuarial
- work under pressure
Desired Work Experience:
- 2 to 5 years Actuarial Management / Administration
Desired Qualification Level:
About The Employer:
Premier, proactive commercial risk specialist in Southern Africa.
