Head of Corporate Actuarial - Johannesburg
Salary Negotiable
Johannesburg,
Gauteng
more than 14 days ago
Head of Corporate Actuarial
Midrand
An exciting opportunity for a nearly of newly qualified actuary exists within the Actuarial team of the short term insurance division. The individual will be responsible for regulatory reporting, reserve setting, reinsurance and forecasting.
• Report to the regulator regarding solvency and related matters.
• Play a leading role in the analysis and preparation of internal and external reporting material
• Set technical reserves relating to internal management accounts, public disclosed accounts (IFRS 4 and 17) and regulatory reporting.
• Own the technical disclosures where it is dependent on actuarial insight as required by IFRS17
• Own the determination of initial estimates of loss, specifically where they impact management accounts.
• Build and maintain forecasting models to assist in the business planning, budgeting, capital management and ORSA scenarios in the business.
• Control the placement of reinsurance for the entity. This includes broker relationship, panel selection, treaty structure and facultative placement.
• Support and liaise with the Risk Management and Head of Actuarial Function teams.
• Maintain and develop the necessary capital modelling capabilities and statistical models to support effective Risk, Solvency and Capital Assessments, including the assessment of the solvency needs.
• A degree in Actuarial Science
• Good progress along obtaining Fellow of the Actuarial Society of South Africa (FASSA) or similar. Individuals with good progress in this direction will also be considered.
• 5 - 8 years’ experience in an actuarial environment within the Short-term Insurance industry, with at least 3 years’ experience in corporate side.
• 2 – 3 years of managerial experience(advantageous)
• Microsoft Office skills
• SQL skills would be an advantage
• Knowledge of International Financial Reporting Standards (IFRS) 4 & 17 concepts frameworks and methodologies including risk management principles
• Applicable legislative and regulatory framework knowledge
• Strong knowledge of Solvency Assessment and Management (SAM) practices and principles 13.8mm
Midrand
An exciting opportunity for a nearly of newly qualified actuary exists within the Actuarial team of the short term insurance division. The individual will be responsible for regulatory reporting, reserve setting, reinsurance and forecasting.
• Report to the regulator regarding solvency and related matters.
• Play a leading role in the analysis and preparation of internal and external reporting material
• Set technical reserves relating to internal management accounts, public disclosed accounts (IFRS 4 and 17) and regulatory reporting.
• Own the technical disclosures where it is dependent on actuarial insight as required by IFRS17
• Own the determination of initial estimates of loss, specifically where they impact management accounts.
• Build and maintain forecasting models to assist in the business planning, budgeting, capital management and ORSA scenarios in the business.
• Control the placement of reinsurance for the entity. This includes broker relationship, panel selection, treaty structure and facultative placement.
• Support and liaise with the Risk Management and Head of Actuarial Function teams.
• Maintain and develop the necessary capital modelling capabilities and statistical models to support effective Risk, Solvency and Capital Assessments, including the assessment of the solvency needs.
• A degree in Actuarial Science
• Good progress along obtaining Fellow of the Actuarial Society of South Africa (FASSA) or similar. Individuals with good progress in this direction will also be considered.
• 5 - 8 years’ experience in an actuarial environment within the Short-term Insurance industry, with at least 3 years’ experience in corporate side.
• 2 – 3 years of managerial experience(advantageous)
• Microsoft Office skills
• SQL skills would be an advantage
• Knowledge of International Financial Reporting Standards (IFRS) 4 & 17 concepts frameworks and methodologies including risk management principles
• Applicable legislative and regulatory framework knowledge
• Strong knowledge of Solvency Assessment and Management (SAM) practices and principles 13.8mm
Recruiter: Moving Heads Personnel