Senior Consultant : Actuarial Reporting
Riverwalk Recruitment
CapeTown, South Africa
1d ago
source : Executive Placements

We are looking for a senior actuarial student ideally not more than 3 actuarial subjects remaining.

With Life Valuations Experience

Business Description :

The SanRetail Affluent (RA) cluster is responsible for the companys retail business in South Africa. The Cluster provides clients across different market segments (entry-level, middle-income, affluent, professional market and business owners) with a comprehensive range of appropriate and competitive financial solutions.

These include traditional life insurance risk and savings products, investment, retirement, health and fiduciary services.

Designed to facilitate long-term wealth creation, protection and niche financing, these solutions are engineered around client needs.

At our company, we believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success.

We are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.

Role description and Output / Core Tasks :

The role supports the Savings and Glacier product houses through valuations of products including Guaranteed Plan / Fixed Return and the Glacier and company products.

The successful candidate will report to an actuary, have regular interaction with senior management and with business to understand and communicate profits, embedded values and other financial information, including model change impacts and other basis changes.

Real time mentoring and various growth opportunities will be available.

The specific tasks will mainly consist of the following :

  • Supporting monthly and semi-annual valuations on savings and company products (e.g. Glacier platform, Personal Loans and Trust)
  • Assistance with regulatory reporting
  • Continuous improvement and automation of existing valuation reporting processes
  • Ad-hoc investigations and tasks, including interacting with the wider business to resolve queries and respond to reporting requests
  • Value of New Business, Embedded value (EV), and ORSA-related engagement and support to the Regulatory reporting and Balance Sheet Management teams
  • Assistance with Prophet model valuation methodology development and model officialisations (e.g. GP model)
  • Assistance with ad hoc investigations (e.g. Data issues on Fund Accounting System)
  • Back-up for crucial month-end tasks
  • Requirements : Qualifications :

    Qualifications :

    Good progress with actuarial exams / nearly qualified actuary

    Experience and skills :

  • Good understanding of insurance products
  • Life insurance product valuations experience would be an advantage
  • Prophet experience will be an advantage
  • Good verbal and written communication skills to manage relationships with business stakeholders
  • Ability to work independently, take initiative and meet deadlines
  • Strong analytical and conceptual thinking
  • Good MS Office skills (Word, Excel)
  • Knowledge seeking / learning orientation
  • Personal attributes and Competencies :

  • Strong technical and operational ability
  • Strong operational process focus
  • Good attention to detail
  • Analytical and conceptual thinking
  • Results driven
  • Adaptability
  • Advanced computer skills
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