Senior Actuarial Specialist

SUMMARY:
Senior Actuarial Specialist

POSITION INFO:

Senior Actuarial Specialist

Cape Town

Play a key review and thought leadership role in the valuation space. The team is responsible for financial reporting (IFRS, MCEV and SAM), maintaining (coding and peer review) of Prophet and DCS models, and supporting robust forecasting, business planning and monthly reporting for the segment.

Reporting to the Valuations Manager, the role will allow you to develop sound technical knowledge and grant exposure to coaching. 

Accountable for the end to end reporting process for the Savings product range, from ownership of the actuarial model to reporting of the results to senior stakeholders with appropriate analysis and insights to drive decision making that helps achieve the strategy.  Review and improve existing methods and processes.

Participate in various projects, including IFRS 17 implementation, which will present opportunities to develop further insights and influence reporting within and across the business and finance community.

Financial reporting -  Ensure that valuation results are produced accurately, within agreed deadlines and with appropriate supporting commentary

Capital management – Support for producing capital calculations accurately and on time

Bonus declarations – Produce supporting calculations that can assist the statutory actuary in setting bonus rates

Business planning / forecasting – Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) by providing the necessary technical calculations

Investigations – Undertake investigations (on behalf of Business Partner, Finance Actuary and Actuarial Manager) as will be delegated to you

Models – Ownership of Prophet and DCS models used in valuations

Continuous improvements – Enhancements of models and processes that produce IFRS/FSV, MCEV and SAM reporting

IFRS 17 implementation: Participation in the segment’s involvement in the IFRS 17 project and the transition of reporting into BAU.

General – Ensure that all actuarial processes are performed as efficiently as possible, and are compliant with the current risk control environment.

Nearly qualified actuary

At least 4 years actuarial experience

Strong technical skills

Strong detail orientation coupled with the ability to see the “big picture”

Excellent communication skills (both written and verbal)

Motivated self-starter who shows initiative, is proactive, looks for ways to improve

Able to complete tasks within agreed timelines and drive projects to completion with minimal guidance

Interest in financial modelling software

Previous valuation experience will be an advantage. 

Prophet or DCS (or similar modelling) experience will be an advantage

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