Corporate Actuarial - IFRS 17 Specialist
Johannesburg

Provide IFRS 17 valuations. Improvement, maintenance, and documentation of actuarial processes. Processes followed should adhere to internal governance controls.
Communication and reporting of results to various stakeholders (including senior management) is a key part of the role.

Reserving:
• Produce IFRS 17 valuations at levels that are appropriate and fit for purpose for the business, to be used as the basis for relevant international accounting standards purposes.
• Managing the extraction, processing and reconciling data.
• Review the methodology and calculation of IFRS 17 valuations and provide assurance on the adequacy thereof.
• Provide support in ensuring actuarial best practice in the determination of technical reserves.
• Review technical guidelines in order to recommend financial and statistical assumptions.
• Support methodology, assumption and dependency structures setting.
• Implementation of IFRS17 and other requirements in actuarial models.
• Gain a deep understanding of the impact of IFRS 17 on finance systems and identify opportunities to enhance this landscape.
• Revamp impacted processes in light of the new reporting requirements. This will require the use of innovative thinking and potentially the development of new modelling techniques.
• Manage the preparation of reports for submission to senior management and the audit committee.
Business Support
• Data preparation to provide business support as required.
• Analysis and support on business initiatives as required.
• Provide actuarial training to management and executives, as required.
• Manage the preparation of reports for submission to senior management, the audit committee and the regulator.
Stakeholder Engagement
• Develop and maintain strong working relationships with the various stakeholders.
Manage effective customer service and relations to deliver customer service satisfaction
• Maintain service, quality and desired outputs within a specific functional process through ensuring compliance to tactical policies, procedures and standards.
• Resolve escalated queries and provide feedback to customers on matters resolved.
• Develop work routines in line with operational plans / schedules.
• Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.
Maintain effective people practices
• Empower emerging leaders and specialists to achieve technical excellence and innovation.
• Ensure that all the team members consistently discharge their duties.
• Develop and encourage strong team work
Ensure effective cost control and governance compliance
• Ensure adherence to financial and corporate policies and procedures.
• Take accountability for the management of business related risks within own area.
• Operate within agreed mandates as documented in the business rules.
• Ensure adherence to organisational policies, practices and procedures.
• Identify and recommend areas / ways to improve processes.
Financial and corporate governance to ensure cost efficiency
• Proactively ensure use of time, of resources, money, materials or equipment is in line with policies and procedures.
• Comply with corporate governance policies, procedures and standards.
• Operate within agreed mandates.

• Relevant bachelor’s degree in Actuarial Science
• Qualified / nearly qualified actuary, or at least 4 years’ experience in General Insurance
• Technical Provisions / Reserving/ IFRS 17 exposure preferred
• VBA, ResQ and/or SAS experience would be an advantage 15.8ilo