Actuarial Supervisor - Sandton
Salary Negotiable
Sandton, Gauteng
Sandton,
Gauteng
more than 14 days ago
23-04-2020 10:38:22 AM
18-06-2020 10:38:22 AM
Senior Actuarial Supervisor
Sandton, Johannesburg
Close: 8 May 2020
Manage a team of 6 actuarial staff and play a leading role for the company’s dynamic and growing life insurance business in Namibia as the Actuarial Valuations Manager.
This work will include:
• financial reporting (Financial Soundness Valuation, IFRS profit and Market-Consistent Embedded Values)
• determining capital requirements (including SAM requirements)
• maintaining valuation models and supporting robust forecasting
• business planning and monthly reporting for this business.
• this includes reporting in preparation for the IFRS17 regime.
The team works closely with the Africa Executive team, central reporting team and in-country Finance Directors and actuarial teams in producing results that drive decision making to help accomplish the company’s Africa growth strategy. In addition, the team has strong working relationships with the Statutory and Country Actuaries of the various countries.
Financial Reporting:
• Ensure that valuation results are produced accurately, within agreed deadlines and with appropriate supporting commentary.
• Responsibility will include editing necessary Board, Audit Committee and internal reports.
• Responsibility may include development of reporting frameworks, consulting and specific project work.
Capital Management:
• Ensure that capital calculations (Statutory, Internal, SAM and Economic Capital) are produced accurately and on time.
Bonus Declarations:
• Produce bonus recommendation documents and ensure that underlying calculations are accurate.
Business Planning / Forecasting:
• Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the strategy.
Business Support:
• Support businesses in maximising growth within a robust risk framework.
Investment Mandates:
• The role may involve the opportunity to become involved in the revision of policyholder investment mandates in line with best practice and changing regulations
Management of actuarial staff:
• Manage a team of five actuarial staff members including carrying out performance appraisals and responsibility for the team’s scorecards, resource allocation and development plans
General
• Ensure that all actuarial processes are performed as efficiently as possible, finding and delivering continuous process improvement and standardisation opportunities
• Ensuring processes are performed with appropriate controls.
Qualifications, Experience and Skills
• Newly qualified Actuary. Exceptional candidates that do not meet this requirement may be considered
• At least 5 years’ actuarial experience
• Life valuations experience
• Experience managing a team would be advantageous
• Motivated self-starter
• Ability to interact effectively with people at all levels of the organization
• Able to complete tasks within agreed timelines with minimal guidance
• Strong technical skills will stand you in good stead
• Attention to detail
• Excellent people skills and ability to work in a team will give you the competitive edge
• Shows initiative
• Has a can-do attitude
• Be resilient
• Be passionate about creating efficiencies