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South Africa

ACTUARIAL ANALYST (SAM)

Company AVBOB
Reference # 441AA05
Published 19/07/2021
Contract Type Permanent
Salary Market Related
Location Pretoria, Gauteng, South Africa
Introduction
AFRICA’S LARGEST MUTUAL ASSURANCE
SOCIETY PROVIDING A ONE-STOP FUNERAL INSURANCE
AND BURIAL SOLUTION, HAS A VACANCY FOR:
Job Functions Accounting,Advisory,Analysis,Analytics,Auditing,Banking,Finance,Mathematics, Statistics and Information,Risk Analysis,Risk Management
Industries Accounting,Accounting & Auditing,Banking / Finance & Investment,Consulting Services,Funeral Service,Insurance,Investments
Specification
The above-mentioned position is within the Actuarial Department. 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.

RESPONSIBILITIES INCLUDE:
 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
QUALIFICATION REQUIREMENTS FOR THIS POSITION:
 Appropriate tertiary qualification in Actuarial Science.
 Completion of parts A1 – A3 of the 2020 ASSA curriculum (all CTs and CA1) is preferred.

EXPERIENCE AND KNOWLEDGE REQUIRED FOR THE POSITION:
 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.

COMPETENCIES REQUIRED FOR THE POSITION:
 Self-starter with the ability to work independently.
 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 26/07/2021
   
   
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Last Updated: 28 days ago [21.06.02.21]
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