Financial Risk Management Actuary

A position exists for a Financial Risk Management Actuary at Santam Head Office based in Cape Town. The successful candidate will be part of the financial risk management team responsible for capital modelling, reserving and ad hoc actuarial work.The role of the Financial Risk Management function is ultimately to protect the value of the company for all stakeholders and ensure the sustainability of the company into the future.The FRM function carry out activities needed to evaluate and provide advice to the insurer in respect of technical provisions, capital requirements, asset allocation, reinsurance arrangements and compliance with related regulatory requirements. In addition, the FRM function support other activities as needed on an ad hoc basis.What will make you successful in this role?Maintenance and development of Santam's internal modelPerforming regulatory capital requirement calculationsAssisting with the management and allocation of capitalAnalysing reinsurance structures and pricesAd hoc actuarial analysisQualification and ExperienceNearly/Newly Qualified actuary3 – 5 years' experienceShort-term experience is valuable but not essential.SkillsHighly self-motivated individualProactiveFast learnerIndependent thinkerCore CompetenciesCultivates innovation - Contributing through othersCustomer focus - Contributing through othersDrives results - Contributing through othersCollaborates - Contributing through othersBeing resilient - Contributing through othersAbout The CompanySantam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia.Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We're about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees.At Santam, we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society.
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