Senior Actuarial Consultant: Actuarial Reporting

SUMMARY:
Senior Actuarial Consultant: Actuarial Reporting

POSITION INFO:

Senior Consultant: Actuarial Reporting

Cape Town

Support the product house through valuations of products. The successful candidate will report Regular interaction with senior management and have optional engagement with business to understand and communicate profits, embedded values and other financial information, including model change impacts and other basis changes.

Supporting monthly and semi-annual valuations on Closed book products (e.g. Universal Life, Topcover and smaller Legacy products)

Assistance with regulatory reporting

Continuous improvement and automation of existing valuation reporting processes

IFRS17 Development, testing and analyses of results (e.g. Measurement methods in models and Transition Values)

Ad-hoc investigations and tasks, including interacting with the wider business to resolve queries and respond to reporting requests

Embedded value (EV), SAM and ORSA-related engagement and support to the Regulatory reporting and Balance Sheet Management teams

Assistance with Prophet model valuation methodology development and model officialisations (e.g. Universal Life model) Assistance with ad hoc investigations (e.g. Data issues on Fund Accounting System)

Back-up for crucial month-end tasks (e.g. Checking unit fund prices and checking cash flows)

Qualified/nearly qualified actuary

Good understanding of insurance products

Life insurance product valuations experience would be an advantage

Prophet experience will be an advantage

Good verbal and written communication skills

Ability to work independently, take initiative and meet deadlines

Strong analytical and conceptual thinking

Good MS Office skills (Word, Excel)

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