Senior Actuarial Supervisor

Location: Johannesburg, South Africa
Salary: market related
Recruiter: Rooftop Recruitment
Job Ref: Senior Actuarial Sup..
Summary: Senior Actuarial Supervisor

 

 

Job Description

Senior Actuarial Supervisor

 

Sandton, Johannesburg

 

Manage a team of 6 actuarial staff and play a leading role for the company’s dynamic and growing life insurance business in Namibia as the Actuarial Valuations Manager. 

 

Newly qualified Actuary. Exceptional candidates that do not meet this requirement may be considered

At least 5 years’ actuarial experience

Life valuations experience

Duties & Responsibilities

Senior Actuarial Supervisor

 

Sandton, Johannesburg

 

 

 

Manage a team of 6 actuarial staff and play a leading role for the company’s dynamic and growing life insurance business in Namibia as the Actuarial Valuations Manager. 

 

This work will include:

 

financial reporting (Financial Soundness Valuation, IFRS profit and Market-Consistent Embedded Values)

determining capital requirements (including SAM requirements)

maintaining valuation models and supporting robust forecasting

business planning and monthly reporting for this business.

this includes reporting in preparation for the IFRS17 regime. 

 

 

The team works closely with the Africa Executive team, central reporting team and in-country Finance Directors and actuarial teams in producing results that drive decision making to help accomplish the company’s Africa growth strategy. In addition, the team has strong working relationships with the Statutory and Country Actuaries of the various countries. 

 

 

 

Financial Reporting:

 

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

Responsibility will include editing necessary Board, Audit Committee and internal reports.

Responsibility may include development of reporting frameworks, consulting and specific project work.

 

 

Capital Management:

 

Ensure that capital calculations (Statutory, Internal, SAM and Economic Capital) are produced accurately and on time.

 

 

Bonus Declarations:

 

Produce bonus recommendation documents and ensure that underlying calculations are accurate.

 

 

Business Planning / Forecasting:

 

Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the strategy.

 

 

Business Support:

 

Support businesses in maximising growth within a robust risk framework.

 

 

Investment Mandates:

 

The role may involve the opportunity to become involved in the revision of policyholder investment mandates in line with best practice and changing regulations

 

 

Management of actuarial staff:

 

Manage a team of five actuarial staff members including carrying out performance appraisals and responsibility for the team’s scorecards, resource allocation and development plans

 

 

General

 

Ensure that all actuarial processes are performed as efficiently as possible, finding and delivering continuous process improvement and standardisation opportunities

Ensuring processes are performed with appropriate controls.

 

 

 

 

Desired Experience & Qualification

Newly qualified Actuary. Exceptional candidates that do not meet this requirement may be considered

At least 5 years’ actuarial experience

Life valuations experience

Experience managing a team would be advantageous

 

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