Actuarial Team Leader

Recruiter:

The Recruitment Council

Job Ref:

Actuarial Team Leade..

Date posted:

Saturday, June 11, 2022

Location:

Pretoria, South Africa

Salary:

Negotiable / Market Related

JOB SUMMARY:
Actuarial Team Leader

JOB DESCRIPTION:

Role Purpose:

To be the team leader looking after the valuation of the Recurring Premium Savings products within the Retail Corporate Actuarial. The main outputs include IFRS earnings, EV earnings, SAM earnings as well as the SCR and other regulatory calculations. It is expected that the successful candidate will be actively involved in the production and analysis of results.

The role will further include model and process developments between valuation periods. Interaction with other business units will be required. The role will report to the head of the Investments and Savings team within Corporate Actuarial.

The successful candidate will also be expected to maintain a positive working relationship with the business responsible for these products and stay actively involved in any planned developments on the product.

Requirements:

An actuarial degree or equivalent required.

Required to have at least completed all CT exams and CA1.
Good progress with ST exams preferred.
Extensive knowledge in Prophet (or similar valuation software) as well as SQL is required.
Previous experience on recurring savings type products would be an advantage

Minimum Experience:

2 – 3 years of experience in as a Senior Actuarial role required.
1 year management experience (preferred).
3 years’ experience in financial/insurance industry (preferred).
At least 2 years relevant experience within life valuations.

Duties and Responsibilities:

Internal Process: Valuation model development as well as process improvements.

Responsible for the ongoing monitoring of the actuarial valuation parameters and once a year make proposals for updates to these.

Managing team members as well as individual team members output required.

Engagement with business units to implement product upgrades as well as other requirements.
Add-hoc engagement with external auditors as and when required.

Ensure soundness of both liability calculations and embedded value calculations for the products allocated to the sub-team by reviewing results and ensuring that parameters used are accurate and validated

Resolve valuation issues with support from business as required

Assume a product owner role for products allocated to ensure results are reasonable from a “statutory actuary” perspective

Continuously identify and implement process improvement in the valuation team

Support the Client Solutions team in providing financial insights to proposed product developments, product changes and re-pricing

Support client value enhancement initiatives through quantifying the expected financial impact of potential solutions

Deliver financial results and insights including drivers of results and potential implications

Provide insights to business on various financial scenarios and financial implications

Client Services:

Provide expertise and advice to clients and stakeholders
Build and maintain relationships internal and external stakeholders
Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments

Define service practices which builds rewarding relationships, encourages innovation and allows others to provide exceptional client service.

Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed

Make recommendations to improve client service and fair treatment of clients within area of responsibility.

Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

Effectively Lead Team (People):

Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.

Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.

Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.

Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.

Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted

Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.

Effectively manage performance within the team in order to ensure business objectives are achieved
Encourage innovation, change agility and collaboration within the team

Finance:

Implement risk management, governance and compliance policies in own practice area, to identify and manage
governance and risk exposure liability.
Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Competencies

Business Acumen
Client/ Stakeholder Commitment
Drive for Results
Leads Change and Innovation
Motivating and Inspiring Team
Collaboration
Impact and Influence
Self-Awareness and Insight
Diversity and Inclusiveness
Growing Talent

NB! This job is now closed. You can apply for other jobs by uploading your CV.

Similar jobs you might be interested in:

Business Analyst / Investment Reporting Specialist (CH1010)
Location: Pretoria
Salary:
Today

ACTUARIAL SPECIALIST
Location: Johannesburg
Salary: 600 – 900K depending on experience and qualifications
actuarial SPECIALIST
1 day ago

Credit Analytics & Modelling Manager: CEC
Location: Midrand
Salary:
Join Our team as a Credit Analytics & Modelling Manager!Are you an expert in credit risk with a passion for data analysis and model development? Do you thrive on optimizing credit decisions and driving profitability in the telecommunications industry? If so, we have the perfect opportunity for you!
2 days ago

Life Valuations Actuary
Location: Johannesburg
Salary:
Take your life valuation skill set to the next level!
2 days ago

Head of Short-Term Corporate Actuarial
Location: Johannesburg
Salary:
We are looking for a dynamic and experienced individual to join our team as a Short-Term Executive Actuary.
2 days ago

Technical and General Accountant
Location: Johannesburg
Salary: 800000 Annually
Attention All Accountants!
4 days ago

Actuarial Manager
Location: Johannesburg
Salary:
Are you ready to step into a leadership role and make an impact in the insurance industry? Join a reputable organization as a Short-Term Corporate actuarial Manager!
4 days ago

Actuarial Specialist
Location: Johannesburg
Salary:
Join a leading financial services provider as we seek a dynamic actuarial Specialist to bolster our team! Are you a numbers wizard with a passion for pricing and product development in the insurance industry? This could be your perfect fit!
4 days ago

Senior Actuarial Analyst
Location: Johannesburg
Salary:
Are you an actuarial professional with expertise in Life Valuations, who is seeking a new opportunity? We're currently looking for a talented individual to join our team in a Life Valuations actuarial role.
4 days ago

Credit Risk Consultant
Location: Midrand
Salary:
Are you passionate about navigating the complex landscape of financial risk assessments? Do you possess a keen eye for detail and a knack for uncovering potential pitfalls before they arise?
4 days ago

Actuarial Team Leader

Similar jobs you might be interested in:

Create a free job alert for Actuarial Team Leader in Pretoria