Senior Actuary Analyst
Job Reference
MMRLK01
Region
Southern Africa
Job Purpose
To provide actuarial solutions to internal and external clients within the insurance industry; in line with Client Value Proposition. Our clients Insurance offers a comprehensive range of tailored insurance solutions for all insurance needs. Our product range includes homeowner’s cover and other personal-line solutions through our short-term licence and credit life, guaranteed investment solutions and simple risk cover through our long-term licence.
Job Responsibilities
Essential Qualifications - NQF Level
BSc (Actuarial Science); BSc (Hons) Actuarial Sciences, MSc (Actuarial Science)
Type of Exposure
To provide actuarial solutions to internal and external clients within the insurance industry; in line with Client Value Proposition. Our clients Insurance offers a comprehensive range of tailored insurance solutions for all insurance needs. Our product range includes homeowner’s cover and other personal-line solutions through our short-term licence and credit life, guaranteed investment solutions and simple risk cover through our long-term licence.
Job Responsibilities
- Developing and understanding of the current valuation and reporting processes.
- Prototyping solutions to meet the IFRS17 requirements.
- Implementing the relevant solutions in our current valuations and reporting processes.
- Managing the day-to-day responsibilities of the other IFRS 17 team members.
- Mentoring and guiding the other IFRS 17 team members.
- Facilitating Model Governance on Corporate Actuarial calculation models.
- Interacting with the the Insurance Finance (actuarial and accounting) team, as well as members of the broader Group involved in the Insurance IFRS17 implementation.
- Enabling the clients Insurance to amend and enhance its reporting and valuation processes to meet the IFRS17 reporting standard requirements.
Essential Qualifications - NQF Level
- Advanced Diplomas/ National 1st Degrees
- Professional Qualifications/ Honour’s Degree
BSc (Actuarial Science); BSc (Hons) Actuarial Sciences, MSc (Actuarial Science)
Type of Exposure
- Comparing two or more sets of information
- Working with a group to identify alternative solutions to a problem
- Completing various administrative duties (e.g. Naming conventions; files and folder maintenance; data management)
- Managing conflict situations
- Comparing two or more sets of information
- Communicating internally and external
- Capturing data
- Checking accuracy of documentation and records
- Building and maintaining effective relationships with internal and external clients
- Managing customer expectations
- Working in a team
- Working in a fast-paced environment
- 2 - 6 years in the Actuarial field.
- Nearly or newly qualified Actuary
- Must have experience in either the short-term or long-term insurance industry.
- SAM, SVM, IFRS or EV reporting
- Prophet, DCS, ResQ or R experience will be an advantage.
- Administrative procedures and systems
- Banking knowledge
- Business principles
- Business terms and definitions
- Data analysis
- Governance, Risk and Controls
- Microsoft Office
- Relevant software and systems knowledge
- Business writing skills
- Adaptability
- Applied Learning
- Communication
- Collaborating
- Innovation
- Work Standards
