Job Summary
Our actuarial department (Actuarial Services) is looking for a talented, driven and experienced actuarial resource to join our Valuations Department. Being part of our team offers the opportunity to gain exposure to a wide variety of actuarial work in a life insurance environment.
Responsibilities:
- Acquiring adequate product and systems knowledge.
- Data verification.
- Assumption setting.
- Maintenance, setup and running of Prophet valuation models.
- Consolidation of valuation results and report writing.
- SCR and economic capital calculations.
- Responding to auditor queries.
- Completion of relevant sections of quarterly and annual statutory returns to the Regulator.
- Mortality and withdrawal experience investigations.
- Maintaining awareness of the regulatory landscape and related professional guidance.
- Involvement with ad hoc projects and special investigations from time to time.
- Involvement with IFRS 17 development and roll-out
REQUIREMENTS:
- Appropriate tertiary qualification in Actuarial Science.
- Completion of parts A1 – A3 and F101 – F107 of the 2020 ASSA curriculum (all CTs, CA1 and STs) is preferred.
- Preferably 6 years but at least 4 years life insurance valuations experience.
- Knowledge of regulatory landscape (FSIs, GOIs) and professional guidance.
- Extensive experience with Prophet and DCS.
- VBA and SQL experience will be an advantage.
- Goal-orientated with an ability to perform work efficiently.
- Deadline-driven and the ability to work under pressure.
- Ability to work on wider team projects as well as taking ownership of individual projects.