Corporate Actuarial Analyst
Rooftop Recruitment
Johannesburg, South Africa
5d ago
source : Job Placements

Corporate Actuarial Analyst


Assist with regulatory reporting, reserve setting, reinsurance and forecasting within the short-term insurance industry.

Risk Reporting :

Identify areas of non-compliance 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 ad-hoc 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 year-end 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 17

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

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

Knowledge of actuarial professional guidance notes

Minimum 2 years'' experience in an actuarial environment within the Short-term 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 m10.11m

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