Purpose of the Role: We are recruiting for an energetic ambitious actuary or senior actuarial analyst to support and drive the provision of actuarial audit support to BDO's Audit Teams in the discharge of their professional audit duties.
This is an entrepreneurial opportunity to become part of the founding team and participate in / lead the establishment of the actuarial team.
The primary focus for the initial phase will be the delivery of actuarial audit support on a portfolio of existing clients including several blue-chip names. Depending on the candidate's interests and experience, the role will also offer opportunity to broaden expertise through a range of interesting projects outside traditional actuarial fields working with BDO Audit and Advisory Teams who provide advisory, consulting and audit services across South Africa.
BDO's service offering and client portfolios provide an exciting and challenging environment. This is a unique prospect in a newly established team within a dynamic successful growing firm. We seek candidates who are energised by operating in a professional environment using their actuarial training and experience to deliver quality audit support whilst participating in establishment of a broader set of actuarial services to take to market.
Main Duties & Responsibilities: Day-to-day responsibilities will include any number of activities such as, but not limited to:
Actuarial audit support to a portfolio of clients across the insurance (general and life), retirement funding and medical scheme industries Reviews of technical provisions / IAS 19 liabilities / IFRS 17 liabilities including report drafting Involvement in IFRS 17 engagements including transition aspects, assisting clients understand impacts of various policy decisions, actuarial audits etc. Actuarial modelling and valuation work from a variety of perspectives including liabilities, remediation, due diligence, audit, reinsurance, capital optimisation, dashboards etc. Actuarial function assessments, assisting insurance and other clients to transform & enhance actuarial and risk management processes including model reviews, operating structures Research, data collection, analysis, production of actionable recommendations Professional engagement with internal and external stakeholders including clients and suppliers Operational activities underpinning establishment of the actuarial business unit Business development initiatives, proposal writing, thought leadership collateral. Requirements: Qualifications/Recognition of Prior Learning equivalent: Qualified or nearly qualified actuary Work Experience: Experience in audit support environment across insurance (general and life), retirement funds, medical schemes Knowledge: Relevant actuarial skills gained within audit environment or consultancy. Knowledge of IFRS17, capital and solvency calculations, ORSA, reserving, reinsurance advantageous Familiarity with and practical experience in assignments under relevant audit standards, professional guidance and legislation including International Financial Reporting Standard 17 (IFRS 17) Solvency Assessment and Management (SAM) Quantitative Impact Study 3 (QIS 3) International Standard on Auditing 540 (ISA 540) International Accounting Standard 19 (IAS 19) International Financial Reporting Standard 13 (IFRS 13) Knowledge of relevant analytics platforms advantageous (Prophet, SQL, Python, SAS, Power BI, MATLAB) Competencies: Technical & Behavioural: Technical: Business writing skills including actuarial reports, proposals, client correspondence Outstanding communication skills (written and oral), ability to credibly engage clients and senior colleagues Ability to take on projects (familiar as well as new) and structure task allocations around critical goals Ability to prepare client recommendations utilising industry knowledge, tools and technology Confident and credible taking the lead in client interactions, undertaking research and building market profile Behavioural: Proactive, self-driven, entrepreneurial Attention to detail, organized Hard-working with demonstrated ability in problem solving and managing multiple complex tasks Intellectual curiosity and personal flexibility to undertake new and untried approaches.
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