Senior Actuarial Analyst

SUMMARY:
About our Client:

Join the ranks of the world's leading reinsurance company! With over 40,000 employees across numerous global locations, our client has been a pillar of the insurance industry in South Africa for over 50 years. They are at the forefront of transforming how insurance is perceived, converting uncertainty into manageable risk and driving fundamental change.


Why should you choose our Client?

Joining our client means working in an environment that encourages big thinking and challenges the status quo. They communicate a compelling shared purpose, paving the way for success. Employees will experience a culture that cares and dares, where empathy, leadership, and coaching future leaders are paramount. Moreover, employees can enjoy a range of benefits, including life and health benefits, retirement benefits, a hybrid working environment, a bonus scheme, an employee assistance program, wellness programs, and global mobility opportunities.

POSITION INFO:
About the role:

As a Senior Actuarial Analyst in the Life Corporate Actuarial Department, you'll play a vital role in valuations, capital assessments, and profitability monitoring. Collaborate with a diverse team, handle quarterly reserving activities, assist with reporting, mentor trainees, and contribute to strategic processes like IFRS17 and ORSSA. Ideal candidates bring a degree in Actuarial or Business Science, at least six actuarial exams, three years of experience, and strong communication skills.

Your Business Unit:

This vital business unit plays a direct role in their financial strategies, reporting directly to the Chief Financial Officer. Join a dynamic and diverse team consisting of graduates, analysts, and qualified actuaries. Collaborate closely with accounting, finance departments, and valuation counterparts abroad, contributing to a holistic approach to financial management.

Skills and Experience Required:

• Bachelor’s degree in Actuarial or Business Science;
• Possess a minimum of six actuarial exams completed;
• Have at least three years of relevant work experience in a similar role;
• Demonstrate intermediate knowledge of reserving practices and life actuarial modeling;
• Showcase understanding of life insurance products and financial reporting standards;
• Exhibit strong communication, interpersonal, and leadership skills;
• Thrive in a fast-paced environment, able to work under pressure and meet deadlines effectively.

• Analyse valuation data to ensure accuracy and compliance with regulatory standards;
• Perform tasks related to quarterly reserving activities, including calculating prospective reserves, IBNR, and monitoring claims experience;
• Assist in regular reporting for IFRS17, IFRS9, SII, and SAM, providing valuable insights to stakeholders;
• Provide input and support for the Annual ORSSA process, contributing to strategic decision-making;
• Assist with ad hoc model and assumption changes, ensuring ongoing accuracy and relevance;
• Mentor and guide graduate trainees, fostering a culture of learning and development within the team.

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