Junior Actuarial Specialist

Junior Actuarial Specialist

Sandton

Corporate Actuarial team

Deliver the financial, capital and risk reporting for the Corporate Segment products, which comprises of an annuity, investments, and group assurance book.

Regular interaction with the product team to support the take-on of new schemes. This role offers the opportunity to obtain insight into the key financial drivers of the corporate products, link metrics and extract insights for business consideration.

The incumbent candidate will also be highly involved in the implementation of the IFRS17 project. There will also be a strong focus on ensuring processes are robust, efficient and fit for purpose, with appropriate controls.

Reserving, embedded value, capital and business insights: Involvement in the valuation process and provide insights on the financial results and performance, while ensuring appropriate controls and accurate calculations, including:

Reserving

Market consistent embedded value

Value of new business

Analysis of surplus and embedded value

Solvency capital calculations

Earnings at risk

Experience investigations

Development and maintenance of tools to analyze actuarial data and results in order to enhance management reporting

Produce reports providing insights into business results and emerging trends

Bonus declarations

IFRS 17 development and implementation: Drive the implementation of IFRS17 in the corporate segment:

Data and infrastructure implementation

Policy and methodology support

Transition calculations

Actuarial modelling support

Actuarial and finance process enablement

Business impact analysis

Process efficiency and automation: Ensure processes are efficient, robust and fit for purpose. Ensure the control environment is adequate and effective.

Ad-hoc projects: Support the delivery of relevant projects objectives, as and when these arise

Requirements:

Actuarial student with at least 4 actuarial exemptions

Strong technical skills and attention to detail

Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)

Strong stakeholder engagement skills

Ability to collaborate effectively with others