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South Africa

ACTUARIAL SPECIALIST

Company AVBOB
Reference # 437AA01
Published 11/01/2019
Contract Type Permanent
Salary Market Related
Location Gauteng Area, Gauteng, South Africa
Introduction
AVBOB, Africa’s Largest Mutual Assurance Society Providing a One-Stop Funeral Insurance and Burial Solution, Has a Vacancy for

ACTUARIAL SPECIALIST
Job Functions Analysis,Finance
Industries Financial Services,Insurance
Specification
Being a mutual insurer brings with it additional and exciting actuarial issues that is not standard at a typical shareholder-owned insurer. Our actuarial department (Actuarial Services) is expanding and we are looking for talented, driven and experienced actuarial resources to join our Product and Valuations Departments. The two departments work closely together and so being a part of our teams offers the opportunity to gain exposure to a wide variety of actuarial work in a life insurance environment.

The main focus of the role entails the key involvement in the Solvency Assessment and Management (SAM) valuation and related processes, in addition to playing a key role in the successful roll-out of IFRS 17 over the next three years.

RESPONSIBILITIES INCLUDE:

Oversight of annual mortality, withdrawal and other demographic experience
investigations.
Valuation assumption setting.
Maintenance of DCS data processes and Prophet valuation models.
Consolidation of valuation results.
Responding to auditor queries.
Completion of relevant sections of statutory returns to the Regulator.
Development of models and processes which will feed into the IFRS 17 results
consolidation.
Assessing the impact of IFRS 17 on product design and capital management.
Mentoring and reviewing work of junior staff.
Involvement in product development and analytics work from time to time.
Requirements
QUALIFICATION REQUIREMENTS FOR THIS POSITION:

Appropriate tertiary qualification in Actuarial Science.
Nearly or newly qualified FASSA or the equivalent of another international recognised
actuarial body (eg IFoA).

EXPERIENCE AND KNOWLEDGE REQUIRED FOR THE POSITION:

At least 5 years life insurance valuations experience.
Thorough experience with Prophet and DCS.
Familiarity with Prudential and IFRS 17 standards, as well as actuarial professional
guidance.
VBA, SQL and Qlikview development experience will be an advantage.


COMPETENCIES REQUIRED FOR THE POSITION:

Self-starter with the ability to work independently.
Maintaining high performance standards.
Can-do attitude with willingness to go the extra mile.
Goal-orientated with an ability to perform work efficiently.
Deadline-driven and the ability to work under pressure.
Strong analytical and problem solving skills.
Ability to work on wider team projects as well as taking ownership of individual projects.
Managing relationships with internal and external parties.

Job Closing Date 31/01/2019
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Last Updated: 1 day ago [19.01.01.03]
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