Actuarial Analyst - Johannesburg Verfied

Salary Negotiable Johannesburg, Gauteng Johannesburg, Gauteng more than 14 days ago 04-03-2018 3:30:44 PM
29-04-2018 3:30:44 PM
Actuarial Analyst
Jhb CBD

Responsible for assisting in the regular tasks expected of the Corporate Actuarial Team (insurance). These tasks include completing regulatory returns, capital modelling, reserving, and risk management and reporting.

Relevant tertiary qualification and making progress with the Institute exams
At least 1 year of work experience. Exposure to short term will be advantageous

• Competency in SAS, Python, R or similar programming language
• A keen interest in developing programming skills
• Microsoft Excel, Word and PowerPoint
Ability to work independently with minimal supervision

Accountability: Data
• Request data timeously from the system administrators and other providers
• Ensure that the data reconciles with the financials and perform other data checks to ensure the data is correct and credible.
• Continuously improve the accuracy, robustness and speed of the data processes
Accountability: Reserving
• Perform initial quarterly valuations of the IBNR reserves for specific product lines/entities
• Assess the adequacy of prior reserving estimates
• Calculate initial estimates and impact of recommendations
• Creating or updating process documents
Accountability: Regulatory Reporting
• Complete solvency assessments and valuations in line with FSB regulatory requirements
• Maintaining documentation of the regulatory reporting model
Accountability: Risk Management
• Credit Risk monitoring
• Capital position and loss ratio volatility reporting
• Stress and scenario testing
• Monitoring of the business against approved risk appetite
Accountability: Capital Modelling
• Assist in the maintenance of the capital model including data manipulation and model parameterisation
• Creating or updating process document

Recruiter: Rooftop