Actuarial Specialist : ValuationsActuarial Specialist : Valuations Moving Heads Personnel is an owner managed business and has been in operation since January 1997.
Providing support in terms of data, modelling and calculations to the valuation team to ensure delivery on valuations, profitability monitoring and capital calculations.
Provide support for reporting to the regulators and the Group.Perform all other duties as reasonably assignedData and model development (50 %) Perform and oversee data extracts, modelpoint file creation, data reconciliations with the financials and other data checks to ensure the data is correct and credible.
Ensure the continuous improvement of the accuracy, robustness and speed of the data processes.Develop the Prophet model to ensure the liability calculations reflect the reality of the business and that all material products are valued consistently.
Obtain Statutory / Appointed Actuary approval as to the accuracy and completeness of the data and model at interim and full-
year reportingLiability valuation and financial reporting (40 %) Oversee, setup and run the Prophet model.Perform the liability valuation, regulatory capital calculation and embedded value calculation and ensure adherence to relevant actuarial guidance and compliance with the requirements of local regulations.
Support the Finance function during the monthly, interim and year-end financial reporting process by providing Finance with the required reserving and regulatory capital information and disclosuresProduce the regulatory returns for submission to the Regulator and industry bodies on a quarterly basis with assistance from the Finance function.
Support the valuation team to perform a thorough economic and demographic basis review regularly (at least annually).Support the valuation team to conduct at least annual analyses of the surplus and embedded value earnings.
Tertiary degreeCompletion of CT level Actuarial exams.Minimum of 4 years experience in insurance, preferably life insuranceTBA