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    Head: Corporate Actuarial - Johannesburg, South Africa - Bryte Insurance Company Limited

    Bryte Insurance Company Limited
    Bryte Insurance Company Limited Johannesburg, South Africa

    3 days ago

    Default job background
    Permanent
    Description

    The role holder will be responsible for the reserving and capital functions across the group: short term, and life insurance; South Africa and Botswana.

    Requirements

    Key Tasks & Accountabilities

    General

  • Accountable for the strategy and operating model of the corporate actuarial department.
  • Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to internal customers.
  • Assist students within the company to pursue local actuarial qualification.
  • Reserving specific

  • Reserving, reinsurance analysis, or market-facing business units in support of business objectives, and annual IFRS audit.
  • With appropriate review and guidance from Management coordinate, prepare, and perform actuarial analyses including and premium projections, consultation on actuarial models, and risk based capital issues.
  • Support finance, market-facing business units, claims, risk, capital management, and other functions on reserving, and strategic business decisions.
  • Capital specific

  • Capital modelling, data quality, regulatory returns and audits.
  • With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analyses including collection of information from various stakeholders across the business.
  • Business Support specific

  • Support actuarial services related to Risk Based Capital model development, parameterisation and allocation activities.
  • Perform data analytics and/or reinsurance analysis.
  • Relationships

    Internal

  • Actuarial business partners
  • Underwriting
  • Claims
  • Finance (FAR and PPM)
  • Senior management
  • Executives
  • External

  • Head Actuarial Function
  • Auditors (external and internal)
  • Underwriting management agency (UMA) partners
  • Network of contacts within the actuarial profession
  • Qualifications & Experience

  • Qualified Fellow actuary (or studying towards the qualification) with strong technical knowledge.
  • Ten years of experience in an actuarial environment essential.
  • Self-motivation and drive.
  • Professional, enthusiastic and positive attitude.
  • Able to meet deadlines and work under pressure.
  • Knowledge

  • Strong knowledge of actuarial professional guidance and relevant legislation.
  • Strong knowledge of finance and accounting practices, financial analysis, and reporting; ability to apply this knowledge appropriately to diverse situations.
  • Strong knowledge of the insurance industry's trends, directions, major issues, regulatory considerations and trendsetters.
  • Strong knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.
  • Strong knowledge of practices and policies governing disclosure of information about the organization, its business activities, and employees; ability to apply this knowledge appropriately to diverse situations.
  • Technical Skills

  • Proficiency in English with a preference for proficiency in at least one other language.
  • Effective intermediate oral and written communication, presentation and interpersonal skills.
  • Advanced knowledge of and ability to use spreadsheet software.
  • Advanced knowledge of statistical and actuarial tools and techniques and ability to apply modelling processes and techniques to facilitate risk management decisions.
  • Advanced knowledge of techniques and tools that promote effective analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business.
  • Closing date: 24 November 2023

    Work Level Senior Management Job Type Permanent Salary Market Related EE Position No Location Johannesburg


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