Job title : Actuarial Manager (Johannesburg) Job Location : Gauteng, Johannesburg Deadline : January 13, 2025 Quick Recommended Links Jobs by Location Job by industries Job Summary This is a non-life insurance specific role within the Corporate Actuarial team.
The candidate will manage a team of actuarial analysts supporting the Head: Corporate Actuarial with reserve calculations, IFRS 17 reporting, capital management and regulatory reporting.
Job Description Reserving Build processes and data extracts to feed into reserving calculations, including IFRS 17 calculations Have a good understanding of the policy administration system and corresponding data flow into financials Monitoring reserve development experience and collaborating with key stakeholders to ensure understanding of trends and impacts on the business Communicate results to key stakeholders Regulatory Reporting Operate the SAM regulatory capital model Maintain and further develop the Python code underlying the model Have a good understanding of policy administration system and data flow into financials Communicate results to key stakeholders Continuous improvement and automation of the various models Own Risk and Solvency Management (ORSA) Operate the ORSA projection model Set and monitor quantitative risk appetite metrics Perform stress and scenario testing as part of the Company's ORSA processes Maintain the ORSA model and identify areas of improvement Communication of results to key stakeholders People Responsibilities Manage a small team of actuarial analysts Manage deliverables and timelines in own team Education and experience required A Degree in Actuarial Science (Honours degree would be advantageous) At least 5 years actuarial work experience within the non-life insurance industry Newly or nearly qualified actuary with good exam progression towards qualifying as a Fellow actuary Good understanding of the SAM Financial Soundness Standards for Insurers (FSIs) and experience in performing capital calculations Experience in non-life reserving techniques Experience in IFRS 17 reporting would be advantageous Experience in extracting and transforming data and designing automated processes Programming in SQL, Python or VBA would be advantageous Knowledge and skills Strong analytical skills with the ability to take on complex problems Good understanding of insurance policy administration and financial systems Comfortable adapting and responding to change Excellent written and verbal communication skills Excellent time management skills with the ability to prioritise deliverables and manage stakeholder expectations High degree of motivation and initiative Education Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required) Insurance jobs