Corporate Actuarial Specialist - Centurion, South Africa - Yazoo Recruitment Specialists

Yazoo Recruitment Specialists

Verified Company

Centurion, South Africa

2 weeks ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Corporate Actuarial Specialist with a Degree in Actuarial Science and progress towards ASSA examination, and minimum 3 years' experience in an actuarial environment within the short term insurance industry, required to assist with regulatory reporting, reserve setting, reinsurance and forecasting.

Minimum requirements:

Minimum 3 to 5 years' experience in an actuarial environment within the Shortterm Insurance industry
A degree in Actuarial Science
Good progress with ASSA (or similar professional body) examinations
Microsoft Office skills
SQL skills and experience with ResQ would be an advantage
Knowledge of SAM Technical specifications
Experience in setting adequate reserves for insurance products
Experience in estimating capital requirements and structuring reinsurance arrangements
Knowledge of IFRS 17 will be an advantage
Knowledge of actuarial professional guidance notes
Knowledge of general insurance products

Responsibilities:

Identify areas of noncompliance and implement requirements necessary
Quarterly Capital Dashboard
Quarterly Risk Dashboard Assist with the completion of statutory returns:
Calculation of capital requirements as per the standard formula
Completion of quarterly and annual QRT
Assisting legal and compliance team with completion of qualitative return
Any adhoc FSCA/PA information requests
Assist with audit/HAF review process of all returns Assist with setting adequate technical provisions:
Calculate quarterly reserves using sound actuarial techniques (eg. Chain ladder, Average cost per claim, Bornhuetter Ferguson, Mack)
AURR calculations
Assist in yearend audit on technical provisions (including preparing and validating data)
Analysis of change of technical provisions ORSA and Financial Soundness reviews:
Assist in developing a model to be used as part of the ORSA and normal financial soundness review processes to assess economic capital for comparison with regulatory capital
Assist in building and maintenance of forecasting models to assist in the planning, budgeting, capital management and ORSA scenarios in the business IFRS 17:
Assist in the implementation of IFRS 1
Assist with IFRS 17 Reporting Reinsurance:
Preparing reinsurance renewal data
Monitoring claims for potential recoveries
Assist in ensuring claims are reported to reinsurers and submitting adjustment figures timeously to ensure payment of recoveries due
Ascertain impact of various reinsurance structures on capital requirements in collaboration with reinsurance broker Supporting other members of the actuarial / finance/ underwriting / risk and compliance function:
Assist with input and insight into financial results and risk reports

Recognising that diversity is key to excellence, our client especially encourages members of designated groups to apply.

That you have read and understood our POPI Policy.
That you have no objection to us retaining your personal information in our database for future matching and will notify us in writing should you wish to remove your personal information from our database.
Should suitable opportunities arise we will contact you and request your consent to submit your CV to a specific client for a specific purpose.
That the information you have provided to us is true, correct and up to date.

Job Types:
Full-time, Permanent

Ability to commute/relocate: