Specialist Actuarial Capital Modelling

Recruiter:

Moving Heads Personnel CC

Job Ref:

Spec Act Mod

Date posted:

Tuesday, February 2, 2021

Location:

Johannesburg, South Africa

Salary:

neg

SUMMARY:
Specialist Actuarial Capital Modelling

POSITION INFO:

Specialist Actuarial Capital Modelling

Rosebank

Provide accurate capital allocation, input into the Own Risk and Solvency Assessment (ORSA) and considered use of reinsurance to support the business in managing its portfolio of risks more profitably. This job may entail managing a small team which is required to prepare data for the capital modelling processes as well as performing the appropriate analysis on this data to ensure that it is appropriate and fit for purpose.

Maintain, update and validate the internal capital model, ensuring it is used to make key decisions on reinsurance, investments and/or capital allocation.
Review actuarial frameworks and processes in place.
In collaboration with the Capital Actuary ensure the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of capital requirements.
Contribute to the use of the model for capital allocation, risk appetite monitoring, operational risk modelling, reserving variability analysis, and analysing reinsurance options.
Develop, implement and manage appropriate systems and procedures to ensure accurate data is used and appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and processes and/or technologies where appropriate.
Assist in the development of the capital model: recognise development needs, implement solutions and complete model change documentation as required.
Support the development and maintenance of the capital model, including prioritisation and implementation of proposed model developments, and management of model releases.
Review the data inputs, methodology and calculation of capital model outputs for and provide assurance on the adequacy thereof.
Provide support in ensuring actuarial best practice in the capital model.
Review technical and professional guidelines in order to recommend financial and statistical assumptions.
Support methodology, assumption and dependency structures setting.
Support Head: Actuarial Control by conducting 1st line validations of the capital model.
Produce business segment management reporting based on data prepared for capital model and reserving.
Produce actual vs. expected analyses on a semi-annual basis (Profit and Loss attribution).
Manage the preparation of capital model outputs for submission to senior management, the capital management committee and as required, the audit committee & board.

Minimum Requirements

Bachelor Degree in Actuarial Science.
Qualified / nearly qualified actuary, or at least 5 years’ experience in General Insurance and passed up to at least sections F103
Strong VB.net & Remetrica or similar skills required
2 – 3 years’ experience in capital modelling within the general insurance industry.

Experience in Solvency Assessment & Management (SAM) preferred

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

Similar jobs you might be interested in:

Actuarial Specialist
Location: Midrand
Salary:
Calling All actuarial Professionals in the Healthcare SpaceAre you a nearly or newly qualified actuary with a solid track record in pricing and product development? Ready to make your mark at the forefront of healthcare innovation?Our client, a leading force in the healthcare industry, is looking for actuarial talent to join their dynamic team in a client-facing, analytical, and strategic role.
30 days ago

Credit Scoring Analyst
Location: Johannesburg
Salary:
Are you a sharp thinker who loves diving into data and transforming it into powerful insights that drive lending strategies? Join a fast-paced, future-focused organisation where your modelling expertise will directly impact real-world credit decisions.
1 day ago

Senior Corporate Actuarial Analyst â Capital & Reserving (Life & Non-Life)
Location: Johannesburg
Salary:
Are you a skilled actuarial Analyst ready to step into a high-impact strategic role? A leading financial services provider is seeking a Senior Corporate actuarial Analyst to join their dynamic team supporting both life and non-life insurance portfolios. This is your chance to work at the intersection of reserving, capital modelling, and regulatory strategy, gaining exposure to key decision-making ...
6 days ago

Head: Non-Life Pricing & Structuring
Location: Johannesburg
Salary:
Are you a strategic, technically skilled Actuary ready to shape the next generation of bespoke non-life insurance solutions? A market-leading financial services group is looking for a dynamic Head of Non-Life Pricing & Structuring to drive innovation, performance, and product leadership within a high-growth environment.
7 days ago

Corporate Actuarial Analyst
Location: Johannesburg
Salary:
Are you a technically strong actuarial Analyst ready to take the lead on reserving and capital modelling in a dynamic insurance environment? This is your opportunity to step into a high-impact role where your analytical skill set will shape strategic finance, capital, and risk decisions.
7 days ago

Short-Term Actuary â Pricing & Product Development Focus
Location: Midrand
Salary:
Are you a technically skilled Actuary with a passion for short-term insurance pricing and product development? A well-established and innovative player in the insurance sector is seeking a Short-Term Actuary to drive pricing strategy and support product development within a collaborative, fast-paced actuarial environment. This role offers the chance to take ownership of pricing models, influence p...
14 days ago

Head: Non-Life Pricing & Structuring
Location: Johannesburg
Salary:
A market-leading player in the insurance solutions space is seeking a dynamic Head of Non-Life Pricing & Structuring (Cell Captive) to lead its high-performing technical team. This is a rare opportunity to play a pivotal role in shaping innovative non-life insurance solutions in a fast-paced and evolving environment.
14 days ago

Actuarial Manager
Location: Johannesburg
Salary:
Are you ready to take the reins of an established, niche-focused actuarial team within a dynamic life insurance environment? This is your opportunity to guide capital strategy, elevate analytics infrastructure, and work at the forefront of cell-based insurance innovation—without sacrificing complexity or compliance integrity.
17 days ago

Non-life Actuary
Location: Midrand
Salary:
Shape the Future of Insurance Pricing – Join a Team That Values Insight, Innovation and Impact. Are you a natural problem-solver with an analytical mind and a passion for short-term insurance strategy? Ready to take the lead on pricing in a role that blends technical challenge with commercial influence? We’re looking for a Short-Term Actuary with a strong pricing focus to join a forwar...
20 days ago

Short-Term Actuary
Location: Midrand
Salary:
Are you a problem-solver at heart with a passion for pricing, reserving, and short-term insurance strategy? Do you want the flexibility of a hybrid work model while still being hands-on in shaping product, risk, and business decisions? A leading player in the Insurance industry is looking for a Short-Term Actuary, with a strong focus on pricing, to join their high-performing actuarial team. This i...
38 days ago

Specialist Actuarial Capital Modelling

Similar jobs you might be interested in:

Create a free job alert for Specialist Actuarial Capital Modelling in Johannesburg