Job title : Actuarial Specialist (JHB Illovo)
Job Location : Gauteng, Johannesburg
Deadline : December 20, 2024
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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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