Technical Reserving and Capital Team Lead

Recruiter:

SMOL HR Advance

Job Ref:

Technical Reserving ..

Date posted:

Tuesday, October 26, 2021

Location:

Johannesburg, South Africa

Salary:

Market Related

SUMMARY:
Technical Reserving and Capital Team Lead

POSITION INFO:

Department Description

The Non-Life Corporate Actuarial ensures appropriate reserving for the Companies Group’s sub-Saharan non-life book which covers multiple lines of business through a range of reinsurance structures ranging from Natural Catastrophe excess of loss cover to capital efficiency structures to Quota Shares to multiyear facultative engineering risks.

The team also plays a key role in capital management with responsibilities for several components in the regulatory and economic capital models, capital projections and scenario generation.

Currently a key focus for the team is the implementation of IFRS 17 where it forms part of the Local and Global Project.

In addition to the above tasks the team gets involved in adhoc work to assist various colleagues in the business and broader Group. These range from assistance with large deals to Group projects.

Your Job

â–ª Team leader of actuarial and technical experts

â–ª Perform and review reserving for the Companies Group’s sub-Saharan non-life book

â–ª Presenting and discussing results and insights with various stakeholders

â–ª Lead/participate in the IFRS 17 implementation project

â–ª Perform and review capital calculations on a regulatory and economic basis for companies non-life underwriting, market and operational risk.

â–ª Oversee and assist in the capital calculations and scenario design for the annual and any adhoc ORSA reports

â–ª Lead/participate in the various projects undertaken by the non-life corporate actuarial team as they arise e.g. large deal assistance, Group projects

â–ª Overseeing retrocession modelling based on the economic capital model

â–ª Interaction with various stakeholders including clients, underwriting, Group functions and projects, finance department and auditors

â–ª Mentoring and career development of actuarial analysts

Your Profile

Qualified actuary with 5 years relevant experience in Non-life insurance or reinsurance
Sound technical understanding of non-life reserving and capital management (both regulatory and economic)
- IFRS 17 Knowledge advantageous
- Excellent actuarial modelling packages/ VBA and Excel
- Good verbal, communication, presentation and negotiation skills.
- Strong commitment to quality and timely delivery.
- Management experience advantageous
- Demonstrated ability to design and implement robust process improvements.
- Sound analytical and problem-solving skills with attention to details
- A team player with good interpersonal skills.
- Ability to manage interfaces in a complex corporate group environment

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

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Technical Reserving and Capital Team Lead

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