Key Tasks and Accountabilities:The Clients Corporate Actuarial team is responsible for both reserving and capital analytics for the territories SA and Botswana, for both its Life and Non-Life licenses, spanning all its business units.Reserving Specific:Extract, collate and transform data.
Prepare and upload into software.
Run models, export results, and collate reports, while adhering to all process governance and quality assurance requirements.Prepare quarterly reserve and profitability review reports.
Present findings at relevant governance meetings chaired by CFO.Participate and support team and chair with meeting preparation and administration.
Set agendas, record, and distribute actions.Support various Finance and other business functions e.g., reinsurance, investment, capital, etc.Capital Specific:Extract, collate and transform data.
Prepare and upload into software.
Run models, export results, and collate reports, while adhering to all process governance and quality assurance requirements.Prepare quarterly and annual; solo and group; qualitative and quantitative regulatory returns.Help compile and prepare the companys Own Risk and Solvency Assessment ("ORSA").
With specific responsibility for the Risk Tolerance Statement, Stress and Scenario Testing, and Solvency Projections.Participate in the calculation of the Clients Solvency Capital Requirement, reviewing their Asset-Liability Management and the risk-based allocation of capital to the various business units.Prepare and present results to the Capital Forum chaired by the CFO.General:Contribute various analyses as part of the annual planning cycle in the organisation.
These include calculation of inflation projections, calibration of large loss thresholds, appropriate loadings for large, catastrophe and weather claims, as well as reinsurance programme costing.Support the annual reinsurance programme renewal with various analyses and data extractions.Have experience working within IFRS17 requirements, with a working knowledge of the standard, and relevant actuarial concepts, methods, and techniques.Relationships:ClaimsFinanceBusiness PartnersActuarial (Pricing)ProductUnderwritingQualifications, Experience and Behaviours:Qualifications:University degree in Actuarial Science or a related field.Evidence significant exam progress towards qualifying as an actuary.Experience & Skills:Proficiency in EnglishEffective intermediate oral and written communication, interpersonal skillsAt least five years of relevant work experienceAbility to extract and summarise dataExperienced user of reserving and capital modelling software e.g., Psicle, Igloo, ResQ, etc.Experienced in delivering work within timelines demanded by corporate reporting calendar.Behaviours:Energetic problem solverProfessional and disciplinedAble to meet deadlines and work under pressureClient focused and delivery orientatedCollaborative team playerSuccinct attention to detail and accuracyProactive and organized.Additional InformationYour application will only be considered should you meet the minimum requirements of the vacancy.If you have not received a response within 14 days from the closing date, please consider your application unsuccessful.