Head of Actuarial - Cape Town Verfied

Salary Negotiable Cape Town, Western Cape Cape Town, Western Cape more than 14 days ago 02-05-2022 8:53:52 AM
27-06-2022 8:53:52 AM
Head of Actuarial
Cape Town

Manage relationships with a variety of internal and external stakeholders, get a full overview of running a life insurance company while driving innovation and transformation of the South African life insurance market.

Responsible for risk management and governance as per the Prudential standards under the Insurance Act including ORSA and Risk Policy oversight.
Responsible for owning all actuarial reporting deliverables, processes and methodologies including the specific areas listed below
• Producing and presenting reports to the Board Audit Risk Compliance Committee
• Assisting the Head of Control Functions with reports and information requests
• Capital Management including representation on the Capital Management Committee, engagement with Balance Sheet Management and ownership of the Dividend policy, calculation and recommendation for declaration to the Board
• Regulatory Solvency methodology and calculation
• Valuation process and methodology for published, statutory and tax reporting purposes
• Prudential authority engagement, submissions and information requests
• Management of the development/maintenance of actuarial valuation models
• Experience investigations and product monitoring
• Data management in support of reporting requirements and monitoring deliverables
• Reinsurance process owner
• IFRS 17 readiness and implementation.
• Business planning and forecast submissions
• Member of the Cell selection and onboarding Committee
• Assisting the MD with Strategy development
• Responsible for management of group-policy clients
• Responsible for monitoring and updating of company and client investment mandates
• Liaise with a wide range of internal and external stakeholders
• Manage a team including actuarial specialist

• Qualified Actuary with extensive actuarial experience
• Valuation experience is essential
• Management Experience
• Cell captive experience
• CERA qualification
• Experience of presenting and engagement with senior stakeholder including Boards of Companies
• Experience with Prophet and/or DCS or similar actuarial modelling packages
• Experience in process improvement and optimisation
• Local life insurance knowledge l30.4o