Actuarial Analyst (Capital)
Johannesburg

Consolidate and explain all aspects related to the current and future solvency position of the Short-Term Licenses. Working with an array of people across a diverse range of business functions and includes reporting to the prudential authority, monthly reporting to management, assisting in underwriting and capital budgeting, and involvement in a diverse range of corporate transactions.

• Calculating the SCR for the ST licences and ensuring solvency is managed on an ongoing basis:
• Collaborating with Reinsurance, Treasury and Corporate Finance to optimise capital efficiency.
• Assess, develop, and distribute solutions around efficient balance sheet management e.g., reinsurance arrangements and optimization.
• Stress and scenario testing so as to understand the resilience of the business to a variety of events.
• Completing and reviewing returns submitted to the Prudential Authority, FSCA, ASISA, NCR, and other regulatory and industry bodies.
• Providing knowledge on the relevant Prudential Standards and ensuring appropriate guidance notes are adhered to.
• Provide technical input and commentary into the Own Risk and Solvency Assessment (ORSA).
• Assisting with internal model design, parameterization, and result reporting.
• Calculating the return on capital monthly and providing input into internal management reporting.
• Providing technical support and advice on the impact of dividends on the solvency position of both ST licenses.
• Drafting relevant reports for input into various management meetings, e.g., Financial Review Committee, Actuarial Committee.
• Contributing to the underwriting, balance sheet and capital projections during the budgeting process.
• Risk-based capital attribution across the various divisions within the Group.
• Calculating various current and projected group financial metrics.
• Understanding and communicating the drivers of profit, profit distribution, capital requirements and the cost thereof to the various business units.
• Liaise with the tax department on all tax-related matters that arise in day-to-day functions: technical provisions, profit sharing arrangements, acquisitions, and disposals (and other business arrangements) and business transfers.
• Manage ad hoc tasks and duties to enable and improve own deliverables and tasks as well as to manage stakeholder expectations especially from Head: Short Term Corporate Actuarial and their engagement with Group Chief Actuary, Head: Balance Sheet and Investment Management, ST HAF, Risk Management, Central Finance, General management, and Shareholder representatives.
• Ensure that all actuarial processes are performed as efficiently as possible and are compliant with the current risk control environment and actuarial governance procedures.

• BSc (Hons) Actuarial Science
• Good progress in actuarial exams d25.6h