Senior Consultant: Actuarial Reporting
Cape Town

• Consolidate, analyse and support the Solvency Assessment and Management (SAM) calculations
• Have regular interaction with senior management (including the Head of Actuarial Function)
• Have optional engagement with business to understand and communicate the impacts of capital allocation strategies and product changes
• Consult widely through actuarial reporting with respective product owners and senior management to align outcomes.
• Solvency Assessment and Management (SAM) calculations, consolidation and analysis for both the base case and Own Risk and Solvency Assessment (ORSA) scenarios - Own Funds, Technical Provisions and Solvency Capital Requirement calculations
• Assistance with International Capital Standards (ICS) calculations and reporting
• Continuous improvement and automation of existing SAM processes
• Ad-hoc SAM related investigations and tasks, including interacting with the wider business to resolve queries and respond to regulatory requests
• SAM and ORSA-related engagement and support to the Group solvency processes
• Licence amalgamation investigations as well as the set-up of SAM processes pertaining to new life insurance licences issued or new products on various licenses

Qualifications, Experience and Skills

• Recently qualified actuary or nearly qualified
• Good understanding of life insurance products
• SAM and ORSA valuations experience would be an advantage
• Sound knowledge of regulatory reporting requirements impacting the life insurance industry
• Prophet experience will be an advantage
• Good MS Office skills (Word, Excel)
• Strong analytical and conceptual thinking
• Good verbal and written communication skills to manage relationships with business stakeholders
• Ability to work independently, take initiative and meet deadlines
• Knowledge seeking/learning orientation