Head of Actuarial - Sandton Verfied

R 1,5 M per annum Sandton, Gauteng Sandton, Gauteng more than 14 days ago 28-01-2020 11:48:52 AM
24-03-2020 11:48:52 AM
Head of Actuarial (CHE014)
Sandton
R 1,5 m per annum

ROLE DESCRIPTION
Job summary statement/purpose
The head of actuarial is responsible for all actuarial operations within the company. This would include being responsible for the valuation of technical provisions, modelling of capital requirements, technical rate reviews and financial and capital modelling related to risk management (including ORSA projections, reinsurance assessments and asset-liability modelling). The head of actuarial is effectively responsible for the quantification of underwriting and other financial risks to which the company is exposed.

QUALIFICATIONS:
• Minimum requirements - University graduate degree, either newly qualified actuary (FASSA/FIA/FFA) or 12 or more actuarial exams completed.
• Minimum of 3 to 6 years’ experience in a similar position in the short-term insurance industry.
• CERA qualification will be advantageous

Knowledge
• Experience and understanding of a variety actuarial reserving methodologies.
• Detailed understanding of Solvency Assessment and Management (SAM) or Solvency II
• Sound understanding of ERM principles and philosophy

Technical Skills
• Strong Computer literacy (especially MS Excel)
• Project Management
• Actuarial Reserving
• Capital Modelling
• Financial Analysis