Actuarial Manager: Life
Johannesburg
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• Ensure best practice actuarial frameworks and processes are followed
• In collaboration with the Chief Actuary ensure the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of technical provisions and capital requirements
• Review of the calculation of technical provisions as required
• Review the build, parameterisation, refinement and validation of the organisation’s internal capital model
• Review the use of the economic capital models for business applications (e.g. Reinsurance Structuring and Business Planning)
• Ensure the economic capital model is operating in a controlled and well-governed manner
• Assess the sufficiency and quality of the data used for capital modelling, reserving and SAM calculations as required
• Review Standard Formulae Model under SAM
• Develop risk parameters for various requirements (e.g. market, operational, underwriting and non-life) using capital modelling tools
• Review actuarial projections regularly
• Review actuarial technical guidelines and methodologies as well as test and review capital models
• Support the approval process of all new products and amendments to products
• Review controls for all required areas with actuarial functions to assess the effectiveness of controls
• Provide support to risk management function including the ORSA and Risk Appetite / Strategy
• Provide required oversight in areas of the business requiring actuarial sign-off (including pricing, product development, reinsurance, proposed transactions and others)
• Participate in the relevant local and Group governance and other structures as required

Qualifications

• BSc and making good progress in actuarial exams l28.9o