Corporate Actuarial Specialist - Centurion, South Africa - Global Talent Solutions

Global Talent Solutions
Global Talent Solutions
Verified Company
Centurion, South Africa

2 weeks ago

Thabo Mthembu

Posted by:

Thabo Mthembu

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Description
Corporate Actuarial Specialist - Hybrid

Role Purpose

The individual will be responsible for assistance with regulatory reporting, reserve setting, reinsurance and forecasting


Responsibilities:


  • Risk Reporting
  • Assist with the completion of statutory returns
  • Calculation of capital requirements as per the standard formula
  • Completion of quarterly and annual QRT
  • 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)
  • 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 the implementation of IFRS 1
  • Preparing reinsurance renewal data
  • Assist in ensuring claims are reported to reinsurers and submitting adjustment figures timeously to ensure payment of recoveries due

Requirements:


  • 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
  • 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
  • SQL skills and experience with ResQ would be an advantage

Job Types:
Full-time, Permanent
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