Job Advert Summary
Reporting to the Senior Valuations manager, the role will be responsible for analysing risk evaluation data, coordinating, preparing, and performing actuarial analyses, which are required when pricing and developing new products, projecting future results, reserving and repricing existing products. The role will interact with other teams within the Actuarial Services department, as well as with other departments within the PPS Group, interact with the Head of Actuarial Function's team and the Group's external auditors.
Minimum Requirements
Education:
Matric
Completed University Degree majoring in Actuarial Science, honours is preferable
Making good progress with actuarial exams, with at least 5 CTs
Experience:
Must have 2 years' experience
Exposure to a valuation environment
Knowledge and Skills (maximum of 10):
Knowledge of actuarial principles and retail insurance products
Knowledge and background of the financial services industry
Key interest in developing a career in the valuation, balance sheet management and experience investigation
Computer literate, strong Excel skills required, Access, SQL skills would be of benefit
Prophet knowledge and use
Strong administration skills
Knowledge of MS Office
Competencies (maximum of 8):
Attention to detail
Excellent verbal and written communication Analytically minded
Strong interpersonal and intrapersonal skills
Analysis
Strategic oriented
Quality orientation
Self-starter
Motivated and motivational
Teamwork
Duties and Responsibilities
Development of actuarial models for existing and future business, and the implementation of these on the Prophet and other relevant system
Conducting regular actuarial investigations, including sickness and mortality investigations and analysis of surplus
Conducting the FSV and Embedded values calculations for financial reporting
Regular development of solvency calculation models to ensure they're in line regulatory and business requirements
Providing support with compilation of and regular report related to the ORSA
Assistance with completion of valuator, statutory, QRT and ASISA returns
Assist with ensuring integrity of data for valuation work and experience investigations, and implementation of processes and systems to improve on the quality of data used
Providing actuarial support to various other areas, and the broader business
Analysing PPS data and experience to better support the broader business in its functions
Producing monthly reports on the business experience
Compilation of management reports and special investigations from time to time
Alignment of PPS Actuarial functions with published ASSA Guidance notes, and other regulatory requirements
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