Senior Valuations Actuary

Recruiter:

Moving Heads Personnel CC

Job Ref:

Snr Val Act

Date posted:

Wednesday, June 9, 2021

Location:

Johannesburg, South Africa

Salary:

Neg

SUMMARY:
Senior Valuations Actuary

POSITION INFO:

Full accountability for monthly VNB reporting for the cluster -Individual Life business.

Accountability for the correctness of valuation data
oversight and co-ordination of Prophet runs
calculating VNBs
comprehensive VNB analysis and commentary (Analysis of Change relative to prior periods)
presentation & detailed explanation of results to senior management
writing monthly VNB reports
ad-hoc VNB investigations and queries
ownership of VNB Prophet models

Accountability for VNB forecasting

Analyse the drivers of profits for certain product lines and communicate insights to senior management

Accountability for profit forecasting for selected product lines

Perform embedded value calculations, Analysis of Embedded Value, consolidations and sensitivity calculations

Ad hoc responsibilities include ownership of other regular valuation calculations. These include:

tax projections;
determining a fair value for the cluster’s licences;
ad-hoc investigations to assist management with strategic decisions; and
enable strategy setting for the Cluster by assisting with the preparation of annual budgets and other management reporting requirements as required

Management responsibility for a small team of valuation resources that assist with the work. Responsibilities include:

workflow planning and tracking
peer-review work done by more junior team members. This may include profit and reserve calculations as well
team management
setting individual performance contracts
training and development of team members
guiding and mentoring team members to develop their potential
performance management

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