Actuarial Consultant
Rosebank

Lead and manage the Actuarial reporting functions, including but not limited to published actuarial/financial reporting, solvency/regulatory reporting, management reporting, IBNR/Claims investigations reports, and other reporting functions of the Group Benefits division.
• Extraction and collection of scheme data from various data administration systems for maintenance, reporting, and analysis purposes
• Ensuring monthly, quarterly, and annual reporting requirements are met on time and of good quality and with adequate commentary; such as calculation and summaries relating to IFRS/FSV Reserves, Profitability reports, SAM returns, ORSA, VNB, VIF/EV, etc.
• Perform investigations and analysis of data from existing and new schemes; ensuring product’s results outcomes are appropriate for the reserving and pricing basis (e.g., lapses, mortality, and morbidity assumptions)
• Contribute to the setting and revision of the appropriate valuation assumptions and methodologies.
• Perform budget variance analysis on financials and prepare variance commentary
• Taking ownership and maintenance of Group benefits Actuarial team reporting models: Risk reports, Prophet and DCS models used in valuations, financial reporting, and experience investigation
• Continuous developments and improvements of models and processes that produce the reporting functions
• Manage performance and assist Actuarial Analyst supporting with the reporting work.
• Identify training needs for reporting team members and ensure team members receive appropriate training support to understand valuations and pricing processes.
• Assist with IFRS 17 Group implementation, unpacking the requirements for Group risk business, and drafting scope for your team/consultants supporting the implementation process.
• Manage timelines, project plans, and stakeholder expectations for the reporting team.
• Assist in testing profitability of new and existing insurance contracts (e.g., impact on the balance sheet, profit margins, capital requirements, etc.)
• Assist the Actuarial Manager, Actuarial Pricing Specialist, and Risk Executive Team as and when required; Preparing management reports, profitability dashboards and continuously providing feedback on the team’s activities.
• This role will have a direct report.
• An actuarial degree with at least 6 actuarial exams
• An actuarial degree with at least 6 actuarial exams
• At least three years’ work experience in a valuations environment or similar environment in the life insurance sector
• Proficiency in Microsoft Office (MS Excel and Word)
• VBA programming will be an advantage
• Well-developed communication (written & verbal) skills
• Project management and Team Workflow Management skills
• Knowledge of MS Access and IFRS 17 will be an advantage m2.9s