Senior Actuarial Specialist

Recruiter:

Rooftop Recruitment

Job Ref:

Senior Actuarial Spe..

Date posted:

Monday, December 13, 2021

Location:

CapeTown, South Africa

Salary:

market related

SUMMARY:
Senior Actuarial Specialist

POSITION INFO:

Senior Actuarial Specialist

Cape Town

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, accountable for the end to end reporting process for the Risk 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 group strategy. The incumbent will be required to continually review and improve existing methods and processes. The role will 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.

Duties & Responsibilities

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
Business planning / forecasting – Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the group strategy (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.

Desired Experience & Qualification

Bachelors Degree (B): Actuarial Science (Required)
Nearly or newly Qualified actuary
Substantial Actuarial experience
Interest in financial modelling software

Knowledge of the MFC environment, products and systems
MFC Risk valuation experience
Knowledge of the MFC Risk Prophet and DCS models

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

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