Senior Actuarial Analyst | Life Corporate Actuarial | Durban

at  The Recruitment Council

Our client, a major Banking and Financial Services provider in South Africa is looking to urgently place a Senior Actuarial Analyst to provide actuarial solutions to internal and external clients within their life corporate actuarial team.

Responsibilities:

• Completion of monthly IFRS reserving results for the Life Licence of the company.
• Completion of SAM returns on a quarterly basis, as well as Annual SAM returns, for the Life licences.
• Investigations of results to identify trends and spaces for improvement in existing processes.
• Assistance with the automation of existing processes in the life valuations space to improve efficiency.
• Documentation of existing and new processes.
• Input and completion of Actuarial elements of the companies ORSA returns.
• Input into the annual budgeting process of the company for the life licences.
• Input into basis setting exercises of the company.
• Communication of results to actuarial managers for further action.
• Input into the completion of Actuarial Committee and Board packs.
• Be an active member of the Actuarial team and help to mentor and guide junior staff.
• Contribute to a culture conducive to the achievement of transformation goals by participating in the company’s culture building initiatives (e.g. staff surveys etc.).
• Support and encourage staff to participate and support corporate responsibility initiatives.
• Stay abreast in the field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
• Contribute to team effectiveness by following the recruitment process when recruiting talent.
• Maintain a capable high performing team and ensure an environment for optimal performance is created by identifying talent pool through conducting career conversations; utilising the talent grid principles and developing talent retention programmes (e.g. rotation).
• Ensure self and staff understand and embrace the company’s Vision and Values by leading by example and re-enforcing values during meetings.

Qualifications:

• Advanced Diplomas/National 1st Degrees
• Bachelor of Commerce, Bachelor of Science

Experience:

• 2 - 4 years in the Corporate Actuarial environment.
• Life Corporate Actuarial experience.
• Minimum of 6 - 8 exams.(via Assa)

Technical / Professional Knowledge:

• Administrative procedures and systems
• Banking knowledge
• Business principles
• Business terms and definitions
• Data analysis
• Governance, Risk and Controls
• Microsoft Office
• The company’s culture and values
• The company’s vision and strategy
• Relevant software and systems knowledge
• Business writing skills

Behavioural Competencies:

• Adaptability
• Applied Learning
• Communication
• Collaborating
• Innovation
• Work Standards

• Completion of monthly IFRS reserving results for the Life Licence of the company.
• Completion of SAM returns on a quarterly basis, as well as Annual SAM returns, for the Life licences.
• Investigations of results to identify trends and spaces for improvement in existing processes.
• Assistance with the automation of existing processes in the life valuations space to improve efficiency.
• Documentation of existing and new processes.
• Input and completion of Actuarial elements of the companies ORSA returns.
• Input into the annual budgeting process of the company for the life licences.
• Input into basis setting exercises of the company.
• Communication of results to actuarial managers for further action.
• Input into the completion of Actuarial Committee and Board packs.
• Be an active member of the Actuarial team and help to mentor and guide junior staff.
• Contribute to a culture conducive to the achievement of transformation goals by participating in the company’s culture building initiatives (e.g. staff surveys etc.).
• Support and encourage staff to participate and support corporate responsibility initiatives.
• Stay abreast in the field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
• Contribute to team effectiveness by following the recruitment process when recruiting talent.
• Maintain a capable high performing team and ensure an environment for optimal performance is created by identifying talent pool through conducting career conversations; utilising the talent grid principles and developing talent retention programmes (e.g. rotation).
• Ensure self and staff understand and embrace the company’s Vision and Values by leading by example and re-enforcing values during meetings