Actuarial Analyst - Midrand Verfied

Salary Negotiable Midrand, Gauteng Midrand, Gauteng 3 days ago 13-01-2022 10:15:58 AM
Actuarial Analyst
Johannesburg Northern Suburbs

Assisting in maintaining and improving the enterprise risk management framework and providing support to the Head of the Actuarial Function (HAF).

Risk Reporting
• Assist in drafting the quarterly risk reports
• Review and monitoring of the risk appetite statements and risk limits within the businesses
ORSA Framework
• Assist in maintaining the Own Risk and Solvency Assessment (ORSA) frameworks
• Assist in drafting and reviewing risk management policies and other risk management frameworks
ORSA and Financial Soundness reviews
• Assist in developing models to be used as part of the ORSA and financial soundness review processes to assess economic capital for comparison with regulatory capital
• Assist in building and maintenance of solvency projection models for planning, budgeting, capital management and the ORSA scenarios in the business
• Assist in drafting the annual ORSA reports
Support the Head of Actuarial Function
• Provide support to the Head of Actuarial Function in meeting the statutory obligations:
• Review of the data, methodologies and assumptions used in setting the technical provisions and capital requirements by the 1st line actuarial team
• Review of the reinsurance structures to ensure that they remain appropriate to the nature, scale and strategic intent of the businesses
• Review of adequacy of premium rates set to quantify the risk premium
• Review of policies that HAF has to provide explicit opinion on
• Supporting other members of the actuarial / finance/ risk and compliance function
• Collaboration with members of 1st line actuarial, finance and compliance teams to produce risk and HAF reports
• A degree in Actuarial Science
• Good progress with ASSA (or similar professional body) examinations
• Microsoft Office skills
• Programming skills and experience would be an advantage
• Minimum 2 years' experience in an actuarial environment within the short-term insurance industry
• Knowledge of SAM Technical specifications
• Experience in setting technical reserves for insurance products
• Experience in estimating capital requirements and an understanding of basic reinsurance arrangements
• Knowledge of short-term insurance products
• Knowledge of actuarial professional guidance notes m13.1m