Actuarial Specialist Model Development - Cape Town Verfied

Salary Negotiable Cape Town, Western Cape Cape Town, Western Cape more than 14 days ago 08-06-2022 5:35:00 AM
03-08-2022 5:35:00 AM
Actuarial Specialist: Model Development
Cape Town

Produce the various deliverables required from the Group Actuarial area, including liability valuations, Embedded Value calculations, analysis of surplus, cash flow projections and sensitivities for both IFRS and SAM reporting. Focus on the development and refinement of projection models and the processes required for quarterly valuations.

• Develop and maintain the actuarial models used in the production of the financial results – including but not limited to:
• Reserving calculations on statutory and reporting bases
• Embedded Value calculations for in-force and new business
• Analysis of Surplus and change in Embedded Values
• Solvency Capital Requirements (SAM/CAR)
• Asset-liability modelling
• Ongoing review, validation and optimisation of the modelling and valuation processes
• Keeping actuarial models up to date with legislative and/or regulatory requirements and changes (both locally per country and internationally), for example IFRS17 and SAM.
• Providing ad-hoc support to the valuation production teams
• Providing ad-hoc modelling support to the product and pricing teams in respect of new products

• Nearly or newly qualified actuary.
• Minimum of 3 years’ actuarial experience required.
• Previous modelling experience in either Prophet or Risk Agility will be an advantage.
• Previous experience in the Corporate Actuarial valuations environment will be an advantage.
• Intermediate SQL knowledge will be an advantage, although not essential. m7.6m