Reporting Actuarial Specialist– (Financial Services / Life Insurance / Risk / Actuarial) – Cape Town, South Africa

Reference No. THJ

Reference: THJ



Job Description:

Our client, a leading financial services institution is seeking a Reporting Actuarial Specialist to join their team.



Responsibilities:

 

Financial and monthly reporting

  • Review the actuarial content of the regulatory returns, including SAM QRT’s and current long-term insurance returns.
  • Perform an analysis of change 
  • Consolidating technical provisions on a quarterly basis and explaining results to the Office of the Chief Actuary.
  • Oversee the consolidation of the life business unit's actuarial results on an IFRS basis.
  • Draft the commentary on the drivers of consolidated life profits for the Group Planning & Business Insights team.
  • Draft Board and Committee papers explaining the analysis of life profits on an IFRS basis.
  • Coordinate and draft the Board and Committee papers explaining the impact of methodology and assumption changes on actuarial financial results.


 

Business Planning

  • Understand the drivers, risks and management actions implicit in the business plan, with a particular emphasis on IFRS life profits.
  • Draft the commentary on the consolidated IFRS life profit of the business units.


 

Thought leadership for actuarial reporting

  • Interact with experts in business units and own team to ensure accuracy of actuarial results.
  • Interpret and implement changes in SAM Prudential Standards and related guidance, pertaining to life technical provisions.
  • Assist with the transformation of embedded value reporting under SAM.
  • Represent the company on certain FSB SAM Task Groups.
  • Represent the company on certain ASSA Sub-Committees.
  • Support the development of the IAIS Insurance Capital Standard as it relates to actuarial liabilities.
  • Continuous improvement of existing processes.
  • Assist with ad hoc regulatory requests and Managed Separation project work relating to IFRS and SAM reporting.


 

Requirements: Qualification and Skill

  • Completed at least 11 actuarial exams and have 4 years’ actuarial experience, we look forward to receiving your application.
  • Valuations experience,
  • A strong business acumen
  • An individual who has strong analytical skills, excellent communication skills and the ability to interact effectively with people at all levels of the organisation are invited to apply for this role.
  • Highly motivated and energetic self-starter who is good at working with complex tasks under tight deadlines.